{"id":621451,"date":"2018-11-08T04:04:50","date_gmt":"2018-11-08T04:04:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/new-york-based-modus-capital-launches-in-egypt\/"},"modified":"2018-11-08T04:04:50","modified_gmt":"2018-11-08T04:04:50","slug":"new-york-based-modus-capital-launches-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/new-york-based-modus-capital-launches-in-egypt\/","title":{"rendered":"New York-based Modus Capital launches in Egypt"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- New York-based Modus Capital launches in Egypt: <\/strong>Entrepreneurial venture capital firm Modus Capital, established in 2015, announced on Wednesday<\/a> the official launch of its operations in Egypt. \u201cWe intend to work closely with our local partners to build the ecosystem, drive positive social change, whilst generating profits for investors,\u201d Modus\u2019 Managing Partner and founder Kareem Elsirafy said in a statement. Elsirafy, who did a stint in the US Marine Corps, is a Columbia grad who did a year abroad at AUC. The outfit is reportedly targeting a 60:40 split between SMEs and startups.<\/p>\n

What Modus likes:<\/strong> Fintech, marketing technology, blockchain protocol applications, enterprise and consumer Saas, health IT and direct-to-consumer<\/p>\n

Ticket sizes:<\/strong> As little as USD 50k in seed rounds, up to USD 5 mn invested opportunistically. The firm says it\u2019s looking for \u201c10-40% as a large minority\u201d shareholder.<\/p>\n

Tap here to learn more about their portfolio companies<\/a> (including current holdings and exits) or here to see who else is on their team<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- New York-based Modus Capital launches in Egypt: Entrepreneurial venture capital firm Modus Capital, established in 2015, announced on Wednesday the official launch of its operations in Egypt. \u201cWe intend to work closely with our local partners to build the ecosystem, drive positive social change, whilst generating profits for investors,\u201d Modus\u2019 Managing Partner and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[72,203,2380,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621451","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-entrepreneurship","tag-speed-round","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"5c5e89cc-a16d-471b-bf9f-3aae9f6d9a0f","order":"0","is_powered_by":true,"section_story_id":"0f969aef-b5d6-4980-ad4b-d29020bd194b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621440],"teaser":"","voice_url":""},"yoast_head":"\nNew York-based Modus Capital launches in Egypt - 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