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Infrastructure 
Homzmart closes USD 23 mn pre-series B round
Homzmart just closed one of Egypt’s largest funding rounds this year: Furniture and home goods marketplace Homzmart has closed a…
Gov’t sees startups raising USD 850 mn this year, but it’s going to be a tough slog
Egyptian startups should reel in a combined USD 850 mn of investment by the end of 2022, Communications Minister Amr…
Cartona raises USD 12 mn series A funding
Egyptian B2B e-commerce platform Cartona has raised USD 12 mn in a series A round led by VC firm Silicon…
Outsourcing startup Stllr closes six-figure USD investment round
Egyptian outsourcing startup Stllr Network has closed a six-figure USD investment round from Silicon Valley VC 500 Global and angel…
Mylerz to kickstart North African expansion before year end
Cairo-based logistics startup Mylerz plans to launch in Algeria, Tunisia, and Morocco in 4Q2022, founder and CEO Samer Gharaibeh told…
Let’s all say hello to YAP
UAE fintech YAP plans to expand into Egypt next year after raising USD 41 mn in funding led by Saudi…
Intercap Capital to set up a USD 30 mn VC fund
Investment banking firm Intercap Capital is working on setting up a USD 30 mn fund for investing in tech startups,…
US-based green hydrogen startup finds USD 198 mn-worth of warmth amidst VC nuclear winter + Engineer shortage complicates Japan’s plans to revive chip industry
“What VC nuclear winter?” asks this green hydro startup: A US-based startup aiming to make green hydrogen more cost effective…
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