{"id":589381,"date":"2023-06-26T00:00:00","date_gmt":"2023-06-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/26\/saudi-venture-studio-buys-into-egypts-cashcows\/"},"modified":"2023-06-26T00:00:00","modified_gmt":"2023-06-26T00:00:00","slug":"saudi-venture-studio-buys-into-egypts-cashcows","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/26\/saudi-venture-studio-buys-into-egypts-cashcows\/","title":{"rendered":"Saudi venture studio buys into Egypt\u2019s Cashcows"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Cashcows welcomes new Saudi shareholders:<\/span><span style=\"\"> Saudi venture studio Value Makers <\/span><span>Studio (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/company\/vms-saudi-startup-studio\/\" style=\"\">VMS<\/a><\/span><span>) has acquired a minority stake in local accelerator <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cashcows.biz\/\" style=\"\">Cashcows<\/a><\/span><span style=\"\"> in a move that will help the Egyptian platform expand its footprint past the local market, Cashcows said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/6\/1244.pdf\" style=\"\">statement<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/6\/1244.pdf\" style=\"\">(pdf)<\/a><\/span><span style=\"font-weight:400;\"> yesterday. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Two-way expansion: <\/span><span>The two firms will launch a joint platform to support startups, investors, and entrepreneurs across the Egyptian and Saudi markets.<\/span><span>\u201cThe partnership creates a bridge between Saudi and Egypt, helping Saudi startups deploy their teams and assets in Egypt and vice versa,\u201d Cashcows Managing Partner and CEO Ahmed Reda <\/span><span>told Enterprise<\/span><span>. \u201cThere are so many Saudi companies interested in Egypt, from the F&B sector to the fintech sector,\u201d Reda said. The platform <\/span><span style=\"font-weight:400;\">will also help local companies partner with Saudi firms to expand into the KSA, he added. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About Cashcows: <\/span><span>\u201cWe prepare Egyptian startups for seed rounds,\u201d Reda told us. \u201cWe work with them on their business models, their product, and their teams, and act like an advisor to prepare them for investments.\u201d The platform has already graduated two rounds of startups since its inception in 2019, and has worked with firms including medical analysis platform <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/checkmehealth.com\/check-me-web\/en-US\" style=\"\">CheckMe<\/a><\/span><span>, fuel supplier <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gofuelegypt.com\/\" style=\"\">GoFuel<\/a><\/span><span>, fintech <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/elgameya.net\/home\/\" style=\"\">ElGameya<\/a><\/span><span>, and discounter <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/cowpay.me\/\" style=\"\">CowPay<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Cashcows\u2019 five partners <\/span><span>are Reda <\/span><span>(<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/in\/byredz\/\" style=\"\">LinkedIn<\/a><\/span><span>), who is chairman of clothing brand NAS Trends; serial founder Mohamed \u2018Nagaty\u2019 Aboulnaga (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/in\/nagaty\/\" style=\"\">LinkedIn<\/a><\/span><span>), co-founder and CEO of regional fintech investment platform Exits; Osman Badran (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/in\/osmanbadran\/\" style=\"\">LinkedIn<\/a><\/span><span>), marketing consultant at Marakez and Madrasetna; Tarek Fahim (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/in\/tarekfahim\/\" style=\"\">LinkedIn<\/a><\/span><span>), managing partner at Endure Capital; and Mohamed Okasha (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/in\/mohamed-el-sayed-okasha-056b87a2\/\" style=\"\">LinkedIn<\/a><\/span><span>), managing partner at DisrupTech Ventures<\/span><span style=\"font-weight:400;\"> and former Fawry MD. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The buyer: <\/span><span>VMS brands itself as a venture studio that offers guidance, financing, networking, and investment to help MENA startups break into the Saudi market. . <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">USD 10 mn fund in the pipeline: <\/span><span style=\"font-weight:400;\">Cashcows wants to launch its own fund early next year, dubbed Soonicorns. \u201cThe fund will be a spinoff from Cashcows which will invest in the most qualified companies from Cashcows and VMS\u2019 cycles,\u201d Reda said, adding that it will be a \u201csmall boutique fund of USD 10 mn.\u201d <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cashcows is eyeing a USD 10 mn fund to support Egyptian, Saudi startups<\/p>\n","protected":false},"author":1,"featured_media":589382,"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":[7258],"tags":[10742,6681,72,95,200,10743],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-589381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-cashcows","tag-egypt-saudi-relations","tag-enterpriseam","tag-startup-watch","tag-venture-capital","tag-vms","wpautop","entry"],"acf":{"mongo_id":"8e13b7ec-96e3-4e02-acaa-b65ad0b7019e","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/6\/1251.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi venture studio VMS acquires minority stake in Egypt\u2019s Cashcows","related_issue":[589369],"teaser":"Cashcows is eyeing a USD 10 mn fund to support Egyptian, Saudi startups","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.9cd788a3-1bd7-470a-9bcf-179d19c57566.mp3"},"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>Saudi venture studio buys into Egypt\u2019s Cashcows - 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\/2023\/06\/26\/saudi-venture-studio-buys-into-egypts-cashcows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi venture studio buys into Egypt\u2019s 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