{"id":592061,"date":"2019-12-25T04:24:28","date_gmt":"2019-12-25T04:24:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/25\/egypt-tops-african-countries-in-vc-transactions-in-2019-says-venture-burn\/"},"modified":"2019-12-25T04:24:28","modified_gmt":"2019-12-25T04:24:28","slug":"egypt-tops-african-countries-in-vc-transactions-in-2019-says-venture-burn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/25\/egypt-tops-african-countries-in-vc-transactions-in-2019-says-venture-burn\/","title":{"rendered":"Egypt tops African countries in VC transactions in 2019, says Venture Burn"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Egypt tops African countries in disclosed VC transactions in 2019: <\/strong>Egyptian startups received the biggest number and funding value of venture capital (VC) transactions that went to early-stage African startups in 2019, <a href=\"https:\/\/ventureburn.com\/2019\/12\/deals-african-startups-2019\/\">according to Venture Burn<\/a>. <strong>Egypt accounted for 27% of disclosed transactions by volume and 25% by value.<\/strong><\/p>\n<p><strong>The breakdown: <\/strong>Out of a total of 88 disclosed VC transactions with a total value of USD 290 mn raised by African startups this year, Egyptian startups closed 24 transactions worth USD 73.3 mn. Last year, Egypt was the fastest-growing startup market in MENA as well as the second-largest, <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/10\/egypt-fastest-growing-startup-market-in-mena-which-raised-usd-893-mn-in-2018\/\">according to start-up platform Magnitt\u2019s<\/a> 2018 MENA Venture Investment Report. Egypt\u2019s share of the total number of seed funding agreements grew 7% y-o-y to USD 196.5 mn, representing 22% of all MENA closes in 2018.<\/p>\n<p><strong>Swvl tops funding transactions in Africa:<\/strong> Egyptian ride-hailing app Swvl\u2019s USD 42 mn series B-2 funding round was the top VC transaction in African startups for the year, accounting for more than 57% of the total funding amount in Egyptian startups. The round <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/23\/swvl-raises-usd-42-mn-largest-ever-funding-round-for-an-egyptian-startup\/\">was co-led by<\/a> Swedish VC Vostok Ventures and Dubai-based BECO Capital.<\/p>\n<p><strong>Egypt\u2019s Adzily came sixth in the list:<\/strong> Cairo-based indoor advertising platform <a href=\"https:\/\/www.adzily.com\/\">Adzily<\/a> enjoyed the sixth top VC transaction in Africa for the year with its <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/28\/egyptian-indoor-advertising-platform-adzily-raises-usd-12-2-mn-from-saudi-company-7247\/\">USD 12.2 mn funding round<\/a> from Saudi-based Al Tharawat Private Investment Holding Company.<\/p>\n<p><strong>The transport and mobility sector received the largest share of funding in Africa this year<\/strong>, followed by fintech and the distribution sector. Out of eight transport startups that closed transactions in Africa this year, three were Egyptian. Meanwhile, fintech saw 25 companies close on funding across the continent, with only two of these being Egyptian startups.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt tops African countries in disclosed VC transactions in 2019: Egyptian startups received the biggest number and funding value of venture capital (VC) transactions that went to early-stage African startups in 2019, according to Venture Burn. Egypt accounted for 27% of disclosed transactions by volume and 25% by value. The breakdown: Out of a total [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":592062,"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":[8572],"tags":[10991,72,203,183,145,2380,123,507,207,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-adtech","tag-enterpriseam","tag-entrepreneurship","tag-fintech","tag-logistics","tag-speed-round","tag-startups","tag-swvl","tag-transport","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"74bc906c-6775-4d9a-bbb8-7d314e348bf9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/12\/1210.jpg","photo_position":"above","related_issue":[592056],"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>Egypt tops African countries in VC transactions in 2019, says Venture Burn - 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\/2019\/12\/25\/egypt-tops-african-countries-in-vc-transactions-in-2019-says-venture-burn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt tops African countries in VC transactions in 2019, says Venture Burn\" \/>\n<meta property=\"og:description\" content=\"Egypt tops African countries in disclosed VC transactions in 2019: Egyptian startups received the biggest number and funding value of venture capital (VC) transactions that went to early-stage African startups in 2019, according to Venture Burn. Egypt accounted for 27% of disclosed transactions by volume and 25% by value. The breakdown: Out of a total [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/25\/egypt-tops-african-countries-in-vc-transactions-in-2019-says-venture-burn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-25T04:24:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1210.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\/2019\/12\/25\/egypt-tops-african-countries-in-vc-transactions-in-2019-says-venture-burn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/25\/egypt-tops-african-countries-in-vc-transactions-in-2019-says-venture-burn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt tops African countries in VC transactions in 2019, says Venture Burn\",\"datePublished\":\"2019-12-25T04:24:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/25\/egypt-tops-african-countries-in-vc-transactions-in-2019-says-venture-burn\/\"},\"wordCount\":279,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/25\/egypt-tops-african-countries-in-vc-transactions-in-2019-says-venture-burn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1210.jpg?fit=%2C&ssl=1\",\"keywords\":[\"adtech\",\"EnterpriseAM\",\"entrepreneurship\",\"Fintech\",\"logistics\",\"SPEED ROUND\",\"startups\",\"Swvl\",\"transport\",\"venture capital\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/25\/egypt-tops-african-countries-in-vc-transactions-in-2019-says-venture-burn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/25\/egypt-tops-african-countries-in-vc-transactions-in-2019-says-venture-burn\/\",\"name\":\"Egypt tops African countries in VC transactions in 2019, says Venture Burn - 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Egypt\u2019s VC funding inflows jumped 31% y-o-y in 2020, helping it to increase\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\/1\/144.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564705,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/mena-startups-break-records-in-2020-with-256-active-investors\/","url_meta":{"origin":592061,"position":4},"title":"MENA startups break records in 2020 with 256 active investors","author":"enterpriseam admin","date":"22 February 2021","format":false,"excerpt":"A record number of venture capital investors provided finance to MENA-based startups last year, despite the disruption caused by the covid-19 pandemic, according to Magnitt\u2019s 2021 MENA Investor Ranking Report (pdf). Last year saw 256 active investors provide capital to startups in the region, up 19% from 2019, the report\u2026","rel":"","context":"In &quot;SPEED ROUND: STARTUP WATCH&quot;","block_context":{"text":"SPEED ROUND: STARTUP WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/491.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567102,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/13\/mena-startups-break-records-in-2019-egypt-top-country-by-number-of-agreements\/","url_meta":{"origin":592061,"position":5},"title":"MENA startups break records in 2019, Egypt top country by number of agreements","author":"enterpriseam admin","date":"13 January 2020","format":false,"excerpt":"Egypt was the most active venture capital market in MENA last year with 25% of all transactions in the region, according to startup platform Magnitt\u2019s 2019 MENA Venture Investment Report. Egypt\u2019s share of total number of seed funding agreements fell 1% y-o-y, but the UAE, which topped the ranking in\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\/2020\/1\/583.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/592061","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=592061"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/592061\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/592056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/592062"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=592061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=592061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=592061"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=592061"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=592061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}