{"id":565582,"date":"2021-04-18T13:25:36","date_gmt":"2021-04-18T13:25:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/18\/innoventures-in-talks-with-potential-lp-from-the-gcc-imile-launches-in-egypt\/"},"modified":"2021-04-18T13:25:36","modified_gmt":"2021-04-18T13:25:36","slug":"innoventures-in-talks-with-potential-lp-from-the-gcc-imile-launches-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/18\/innoventures-in-talks-with-potential-lp-from-the-gcc-imile-launches-in-egypt\/","title":{"rendered":"Innoventures in talks with potential LP from the GCC, iMile launches in Egypt"},"content":{"rendered":"<p>https:\/\/enterprise.press\/wp-content\/uploads\/2021\/01\/payment-780px.jpg<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>VC firm <\/strong><strong>Innoventures <\/strong><strong>is in talks with a potential limited partner based in the GCC for its <\/strong><strong>EGP 200 mn <\/strong><strong>VC fund,<\/strong> <a href=\"https:\/\/bit.ly\/3uZ3OEz\">Al Mal<\/a> reports, quoting Innoventures partner Rafik Dalala. Bringing this investor aboard would allow the fund to invest in GCC-based startups alongside its focus on Egypt, Dalala said. The local investment firm has so far raised EGP 20 mn for the fund it set up <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/17\/innoventures-launches-egp-100-mn-tech-startup-investment-fund-8569\/\">in December 2019<\/a>. Dalala initially told the newspaper the fund was targeting raising EGP 100 mn, but this appears to have been revised upwards. He noted at the time that the fund will be targeting local tech startups. The fund\u2019s first close has also been interrupted by the pandemic, Dalala said yesterday. <a href=\"https:\/\/innoventures.me\/\">Innoventures<\/a> is an Egypt-based VC firm that has invested in early stage startups across a range of industries.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>ALSO FROM PLANET STARTUP- Dubai-based payment-on-delivery logistics startup <\/strong><strong><a href=\"https:\/\/www.imile.com\/\">iMile<\/a><\/strong> <strong>has launched in Egypt<\/strong>, bringing its services to Cairo and Suez, according to a statement carried by <a href=\"http:\/\/www.tradearabia.com\/news\/IND_381362.html\">Trade Arabia<\/a>. The company has reached partnership agreements with two unnamed \u201ce-commerce market leaders\u201d in the country and is looking to cooperate with SMEs to work on door-to-door delivery, the statement says. iMile said it was eyeing regional expansion to Egypt, Kuwait, and Morocco when it raised USD 10 mn in a pre-series A funding round <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d35e6eaf-0ece-4011-817c-a79408a217d2\">last year<\/a>. The company, founded by Chinese entrepreneur Rita Huang, connects MENA customers to e-commerce sellers based in China, and provides \u201cfirst-mile, international mile, and localized last-mile delivery services.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>https:\/\/enterprise.press\/wp-content\/uploads\/2021\/01\/payment-780px.jpg VC firm Innoventures is in talks with a potential limited partner based in the GCC for its EGP 200 mn VC fund, Al Mal reports, quoting Innoventures partner Rafik Dalala. Bringing this investor aboard would allow the fund to invest in GCC-based startups alongside its focus on Egypt, Dalala said. The local investment firm [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":565583,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10043],"tags":[199,633,3095,125,145,95,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-startup-watch","tag-e-commerce","tag-enterprisepm","tag-innoventures","tag-investment-watch","tag-logistics","tag-startup-watch","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"a28ccddd-fc3b-4115-a5d8-bc658702e2f7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/4\/443.jpg","photo_position":"above","related_issue":[565575],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Innoventures in talks with potential LP from the GCC, iMile launches in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/18\/innoventures-in-talks-with-potential-lp-from-the-gcc-imile-launches-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Innoventures in talks with potential LP from the GCC, iMile launches in Egypt\" \/>\n<meta property=\"og:description\" content=\"https:\/\/enterprise.press\/wp-content\/uploads\/2021\/01\/payment-780px.jpg VC firm Innoventures is in talks with a potential limited partner based in the GCC for its EGP 200 mn VC fund, Al Mal reports, quoting Innoventures partner Rafik Dalala. Bringing this investor aboard would allow the fund to invest in GCC-based startups alongside its focus on Egypt, Dalala said. The local investment firm [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/18\/innoventures-in-talks-with-potential-lp-from-the-gcc-imile-launches-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-18T13:25:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/443.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/18\/innoventures-in-talks-with-potential-lp-from-the-gcc-imile-launches-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/18\/innoventures-in-talks-with-potential-lp-from-the-gcc-imile-launches-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Innoventures in talks with potential LP from the GCC, iMile launches in Egypt\",\"datePublished\":\"2021-04-18T13:25:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/18\/innoventures-in-talks-with-potential-lp-from-the-gcc-imile-launches-in-egypt\/\"},\"wordCount\":265,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/18\/innoventures-in-talks-with-potential-lp-from-the-gcc-imile-launches-in-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/443.jpg?fit=%2C&ssl=1\",\"keywords\":[\"e-commerce\",\"EnterprisePM\",\"Innoventures\",\"investment watch\",\"logistics\",\"Startup watch\",\"venture capital\"],\"articleSection\":[\"SPEED ROUND: STARTUP WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/18\/innoventures-in-talks-with-potential-lp-from-the-gcc-imile-launches-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/18\/innoventures-in-talks-with-potential-lp-from-the-gcc-imile-launches-in-egypt\/\",\"name\":\"Innoventures in talks with potential LP from the GCC, iMile launches in Egypt - 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The fund has raised EGP 12 mn so far, with EGP 4 mn coming from the Information Technology Industry Development Agency. The company plans to launch another USD 50\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571601,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/18\/innoventures-in-talks-with-potential-lps-to-raise-usd-100-mn-fund-for-food-startups\/","url_meta":{"origin":565582,"position":1},"title":"Innoventures in talks with potential LPs to raise USD 100 mn fund for food startups","author":"enterpriseam admin","date":"18 May 2020","format":false,"excerpt":"INVESTMENT WATCH- Innoventures in talks with potential LPs to raise USD 100 mn fund for food startups: Local startup investor Innoventures is raising a USD 100 mn fund targeting food startups and is in talks with potential limited partners including UK\u2019s CDC Group and global giant Blackstone, co-founder Rafik Dalala\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554019,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/16\/aim-technologies-closes-sequence-ventures-led-seed-round\/","url_meta":{"origin":565582,"position":2},"title":"AIM Technologies closes Sequence Ventures-led seed round","author":"enterpriseam admin","date":"16 December 2021","format":false,"excerpt":"AIM Technologies closes Sequence Ventures-led seed round: Cairo-based AIMTechnologies has raised an undisclosed amount during a seed round led by local VC firm Sequence Ventures, according to a joint statement (pdf) out yesterday.This is the first investment in Sequence\u2019s Egypt Deep-Tech fund, which was launched earlier this quarter to channel\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/367.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":649744,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/innoventures-accelerator-open-to-applicants-launches-egp-30-mn-vc-fund\/","url_meta":{"origin":565582,"position":3},"title":"Innoventures accelerator open to applicants, launches EGP 30 mn VC fund","author":"enterpriseam admin","date":"7 March 2017","format":false,"excerpt":"Innoventures announced applications are now open for the fourth cycle of its accelerator programme Startup Reaction, CPI Financial reported. The programme is in partnership with Venture Capital for Africa (VC4A). Innoventures also launched a new EGP 30 mn venture capital fund. Startup Reactor offers seed funding up to EGP 300,000\u2026","rel":"","context":"In &quot;ON YOUR WAY OUT&quot;","block_context":{"text":"ON YOUR WAY OUT","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-your-way-out\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547704,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/04\/intercap-capital-to-set-up-a-usd-30-mn-vc-fund\/","url_meta":{"origin":565582,"position":4},"title":"Intercap Capital to set up a USD 30 mn VC fund","author":"enterpriseam admin","date":"4 July 2022","format":false,"excerpt":"Investment banking firm Intercap Capital is working on setting up a USD 30 mn fund for investing in tech startups, Managing Director Rafik Dalala told Enterprise. The fund, which Intercap is naming T-Six, is aiming for a USD 10 mn first close at the beginning of 2023 and plans to\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/106.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591723,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/15\/eleven-startups-to-graduate-from-startup-reactors-seventh-cycle\/","url_meta":{"origin":565582,"position":5},"title":"Eleven startups to graduate from Startup Reactor\u2019s seventh cycle","author":"enterpriseam admin","date":"15 December 2019","format":false,"excerpt":"Eleven startups will graduate from the seventh cycle of Innoventures\u2019 Startup Reactor program at the Startup Nova conference tomorrow in Alexandria, according to the local press. The event will also launch a EGP 100 mn investment fund to support entrepreneurs, tech companies, and other startups in Egypt.","rel":"","context":"In &quot;ON YOUR WAY OUT&quot;","block_context":{"text":"ON YOUR WAY OUT","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-your-way-out\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=565582"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565582\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/565575"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/565583"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=565582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=565582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=565582"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=565582"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=565582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}