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Flat6Labs’ Egypt fund more than quadruples to EGP 207 mn
Flat6Labs has completed the second close of its Egypt-focused Flat6Labs Accelerator Company (FAC), raising the fund size to EGP 207…
Ceramics manufacturers secure better repayment terms for natgas debts
Ceramic manufacturers have secured easier repayment terms for natural gas debts after the Oil Ministry agreed to let them pay…
E-commerce startup Dresscode secures six-figure USD seed funding round from Egypt Ventures
STARTUP WATCH- Egyptian e-commerce startup Dresscode has secured an undisclosed six-figure USD seed funding round from Egypt Ventures, according to…
Ex-AOI boss made military production minister after Al Assar death
MOVES- Shehab Marzban (LinkedIn) has resigned as chairman of government-owned venture capital fund Egypt Ventures and is joining Beltone Financial,…
Flat6Labs Cairo to triple capital to EGP 150 mn, invest in fintech startups
STARTUP WATCH- Flat6Labs Cairo to triple capital to EGP 150 mn, has appetite for fintech: Flat6Labs Cairo, sub-fund of regional…
Garment IO secures USD 450k in seed funding
STARTUP WATCH- Garment IO secures USD 450k in seed funding: Cairo-based software company Garment IO has raised USD 450k in…
Wasla Browser raises USD 1 mn from VC investors
STARTUP WATCH- Wasla Browser raises USD 1 mn in follow-on funding round: Cairo’s Wasla Browser, a startup that allows lower…
Egypt Ventures announces series A investment in AvidBeam Technologies
INVESTMENT WATCH- Egypt Ventures announces series A investment in AvidBeam Technologies: Cairo-based VC fund Egypt Ventures has announced that it…
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