Egypt Edition 
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AI + Innovation (MENA) 
Infrastructure 
Egypt leads startup activity in Africa
Egyptian startups raised a combined USD 304 mn between January and September
Local startup funding rose 219% m-o-m in September, but still lag behind regional startup scene
Saudi Arabia dominated regional startup funding in September
Beltone Venture Capital completes its first direct international investment in French VelyVelo
The investment is one of a number of other international strategic investments BVC aims to carry out before the end…
EdVentures expands its investment portfolio
The company will fund eight new startups
Local edtech platform Farid secures USD 250k in pre-seed round
The funding will help the company expand its platform and expand into Saudi Arabia and the UAE
B2B payment platform Settle raises USD 2 mn in pre-seed round
The funding round was led by Shorooq Partners
Paymob secures USD 22 mn in funding
The fresh funds bring the company’s total Series B funding to USD 72 mn
FlapKap raises USD 34 mn in pre-series A round
The round was led by Dubai’s BECO Capital
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