{"id":621621,"date":"2018-11-13T04:18:20","date_gmt":"2018-11-13T04:18:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/modus-capital-plans-to-fund-10-ict-startups-in-the-next-12-months\/"},"modified":"2018-11-13T04:18:20","modified_gmt":"2018-11-13T04:18:20","slug":"modus-capital-plans-to-fund-10-ict-startups-in-the-next-12-months","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/modus-capital-plans-to-fund-10-ict-startups-in-the-next-12-months\/","title":{"rendered":"Modus Capital plans to fund 10 ICT startups in the next 12 months"},"content":{"rendered":"<p>New York-based Modus Capital intends to fund 10 ICT startups in the coming year, Modus\u2019 founder and CEO Kareem Elsirafy told <a href=\"https:\/\/www.almalnews.com\/Story\/398221\/17\/%C2%AB%D9%85%D9%88%D8%AF%D9%8A%D9%88%D8%B3-%D9%83%D8%A7%D8%A8%D9%8A%D8%AA%D8%A7%D9%84%C2%BB-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%89-%D9%8A%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%AA%D9%85%D9%88%D9%8A%D9%84-10-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D9%86%D8%A7%D8%B4%D8%A6%D8%A9\">Al Mal<\/a>. Having <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/08\/new-york-based-modus-capital-launches-in-egypt\/\">recently launched in Egypt<\/a>, the entrepreneurial venture capital firm is planning to expand in the second quarter of 2019 to Dubai. Modus is currently in the process of reaching agreements with three startups working in the fields of social media, health IT and smart software solutions, each of which will receive USD 100-250k in funding in exchange for non-controlling stakes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York-based Modus Capital intends to fund 10 ICT startups in the coming year, Modus\u2019 founder and CEO Kareem Elsirafy told Al Mal. Having recently launched in Egypt, the entrepreneurial venture capital firm is planning to expand in the second quarter of 2019 to Dubai. Modus is currently in the process of reaching agreements with [&hellip;]<\/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":[9315],"tags":[72,203,2390,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621621","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-entrepreneurship","tag-other-business-news-of-note","tag-startups","wpautop","entry"],"acf":{"mongo_id":"e8458385-3b45-4687-9fe5-22d305bd59f5","order":"0","is_powered_by":true,"section_story_id":"bb4b285b-7af4-4aca-a846-6249b9122d8b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621586],"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>Modus Capital plans to fund 10 ICT startups in the next 12 months - 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\/2018\/11\/13\/modus-capital-plans-to-fund-10-ict-startups-in-the-next-12-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Modus Capital plans to fund 10 ICT startups in the next 12 months\" \/>\n<meta property=\"og:description\" content=\"New York-based Modus Capital intends to fund 10 ICT startups in the coming year, Modus\u2019 founder and CEO Kareem Elsirafy told Al Mal. Having recently launched in Egypt, the entrepreneurial venture capital firm is planning to expand in the second quarter of 2019 to Dubai. Modus is currently in the process of reaching agreements with [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/modus-capital-plans-to-fund-10-ict-startups-in-the-next-12-months\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-13T04:18:20+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/modus-capital-plans-to-fund-10-ict-startups-in-the-next-12-months\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/modus-capital-plans-to-fund-10-ict-startups-in-the-next-12-months\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Modus Capital plans to fund 10 ICT startups in the next 12 months\",\"datePublished\":\"2018-11-13T04:18:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/modus-capital-plans-to-fund-10-ict-startups-in-the-next-12-months\/\"},\"wordCount\":94,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"entrepreneurship\",\"Other Business News of Note\",\"startups\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/modus-capital-plans-to-fund-10-ict-startups-in-the-next-12-months\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/modus-capital-plans-to-fund-10-ict-startups-in-the-next-12-months\/\",\"name\":\"Modus Capital plans to fund 10 ICT startups in the next 12 months - 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The fund will invest in companies that use AI and blockchain technology\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\/11\/275.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577445,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/23\/modus-usaid-launch-local-venture-builder-to-promote-digital-inclusion\/","url_meta":{"origin":621621,"position":1},"title":"Modus, USAID launch local venture builder to promote digital inclusion","author":"enterpriseam admin","date":"23 November 2022","format":false,"excerpt":"A new venture builder on the scene: MENA-focused venture capital firm ModusCapital and our friends at USAID have launched MV Builder II, an Egyptian venture builder targeting startups working to drive digital inclusion among women and underserved populations, according to a joint statement(pdf) out yesterday.MV Builder II is sector agnostic,\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\/11\/354.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571169,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/egypt-based-blockchain-email-service-provider-pravica-raises-usd-500k-pre-seed-funding-round\/","url_meta":{"origin":621621,"position":2},"title":"Egypt-based blockchain email service provider Pravica raises USD 500k pre-seed funding round","author":"enterpriseam admin","date":"3 May 2020","format":false,"excerpt":"STARTUP WATCH- Egypt-based blockchain email service provider Pravica has raised a USD 500k pre-seed funding round led by 500 Startups, Magnitt reports. 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