{"id":640647,"date":"2024-08-29T00:00:00","date_gmt":"2024-08-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/"},"modified":"2024-08-29T00:00:00","modified_gmt":"2024-08-29T00:00:00","slug":"egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/","title":{"rendered":"Egyptian startups raised USD 88.7 mn in the first half of 2024"},"content":{"rendered":"

A health check on Egypt\u2019s startup scene in 1H 2024: <\/strong>The first half of 2024 was a turbulent one, with exchange rate instability, the float of the EGP, and rising interest rates. Many sectors found themselves struggling to keep up with the rapidly-changing macroeconomic conditions of the country, but how did the startup scene fare? <\/p>\n

By the numbers: <\/strong>Local startups raised a combined USD 88.7 mn across 39 transactions during the first half of the year, according to data compiled by Cairo-based think tank Entlaq for its Egyptian<\/a>Entrepreneurship Sector Diagnostics Report<\/a> that dives into the trends that drove the startup scene during the six-month period.<\/p>\n

The bigger picture: <\/strong>Egypt currently houses over 2.1k startups with a total valuation of more than USD 8 bn. The country\u2019s startup ecosystem employs over 50k people. <\/p>\n

Who received the lion\u2019s share of the funds? <\/strong>One of the biggest funding rounds the local startup scene saw this year was F&B logistics startup OneOrder raising USD 16 mn<\/a> in a series A round. Other startups that received big funds during the period include pharma delivery startup Yodawy, which raised USD 10 mn<\/a> from Egypt-based private equity firm Ezdehar Management, fintech Connect Money, which raised USD 8 mn in seed funding<\/a>, and Sahl, which closed a USD 6 mn funding round<\/a> led by the government\u2019s Ayady for Investment and Development.<\/p>\n

Who contributed the funds? <\/strong>Among the top local investors were Acasia Ventures, Ezdehar, and Nahdet Misr\u2019s VC armEdVentures, while the top foreign investors included Saudi\u2019s Sukna Ventures and Nigeria-based Ingressive Capital.<\/p>\n

FLUCTUATIONS THROUGHOUT THE YEAR- <\/p>\n

Despite the large number of funds raised and rounds closed<\/strong>, startup funding showed significant volatility during the first six months of the year. <\/p>\n

It started off s<\/strong>trong: <\/strong>January recorded the highest amount invested in local startups all year long \u2014 investors poured some USD 28.0 mn into our startups during the month. The figure dipped to USD 4.6 mn in February as investors grew cautious of the Egyptian market, which at the time was looking at major discrepancies between the official EGP \/ USD exchange rate and the black market rate. <\/p>\n

Then the float of the EGP in March appeared to reignite investor confidence <\/strong>and investments started picking up again to hit USD 25.2 mn in May and USD 15.1 mn in June. <\/p>\n

Rat<\/strong>ing our VC fu<\/strong>nding: <\/strong>The report gave venture capital financing a score of 2.81, placing it between the 2.0 below average score and the 3.0 average adequacy score. <\/p>\n

WHATS NEXT- <\/p>\n

What is to be done?<\/strong> To boost the startup ecosystem and push it to the next level, the report lays out a number of recommendations. These include offering targeting programs for growth-stage startups, introducing tax breaks for VC firms and investors to stimulate VC funding, and introducing incentives for foreign investors. <\/p>\n

Also on the agenda: <\/strong>The report also recommends strengthening the financial infrastructure for smooth cash transfers, encouraging private sector players to set up incubators and accelerators, and setting up PPP funds. <\/p>\n

And on the regulatory front<\/strong>, the report recommends the establishment of a unified government strategy for entrepreneurship coupled with effective policy and regulatory mechanisms. It also recommends the state simplifies and updates existing regulations to make the process easier for entrepreneurs and investors and boost dialogue between the state and entrepreneurs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Local startups raised a combined USD 88.7 mn across 39 transactions during the first half of the year<\/p>\n","protected":false},"author":1,"featured_media":640648,"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":[72,7126,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-entlaq","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"e07e490d-bef8-49cc-b40a-50bdcd342ac3","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/2568.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian startups raised USD 88.7 mn in the first half of 2024","related_issue":[640642],"teaser":"Local startups raised a combined USD 88.7 mn across 39 transactions during the first half of the year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.fb47ee66-0480-4ffe-98ba-a9e7d54a5144.mp3"},"yoast_head":"\nEgyptian startups raised USD 88.7 mn in the first half of 2024 - 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\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian startups raised USD 88.7 mn in the first half of 2024\" \/>\n<meta property=\"og:description\" content=\"Local startups raised a combined USD 88.7 mn across 39 transactions during the first half of the year\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-29T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2568.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egyptian startups raised USD 88.7 mn in the first half of 2024\",\"datePublished\":\"2024-08-29T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/\"},\"wordCount\":548,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2568.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Entlaq\",\"Startup watch\",\"startups\"],\"articleSection\":[\"Startup watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/\",\"name\":\"Egyptian startups raised USD 88.7 mn in the first half of 2024 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2568.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-08-29T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2568.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2568.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egyptian startups raised USD 88.7 mn in the first half of 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Egyptian startups raised USD 88.7 mn in the first half of 2024 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/","og_locale":"en_US","og_type":"article","og_title":"Egyptian startups raised USD 88.7 mn in the first half of 2024","og_description":"Local startups raised a combined USD 88.7 mn across 39 transactions during the first half of the year","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-08-29T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2568.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egyptian startups raised USD 88.7 mn in the first half of 2024","datePublished":"2024-08-29T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/"},"wordCount":548,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2568.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM","Entlaq","Startup watch","startups"],"articleSection":["Startup watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/","name":"Egyptian startups raised USD 88.7 mn in the first half of 2024 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2568.jpg?fit=%2C&ssl=1","datePublished":"2024-08-29T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2568.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2568.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/29\/egyptian-startups-raised-usd-88-7-mn-in-the-first-half-of-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egyptian startups raised USD 88.7 mn in the first half of 2024"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2568.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2568.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2568.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":653748,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/22\/sawari-ventures-is-launching-its-usd-200-mn-sawari-ventures-fund-ii\/","url_meta":{"origin":640647,"position":0},"title":"Sawari Ventures is launching its USD 200 mn Sawari Ventures Fund II","author":"enterpriseam admin","date":"22 October 2024","format":false,"excerpt":"The fund will target local and African startups and fintech players","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1843.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567939,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/egypt-ranks-third-in-november-startup-funding-league-table-wamda\/","url_meta":{"origin":640647,"position":1},"title":"Egypt ranks third in November startup funding league table -Wamda","author":"enterpriseam admin","date":"13 December 2020","format":false,"excerpt":"Egyptian startups raised USD 6.6 mn in venture capital funding last month, putting them in third place in MENA behind the UAE and Saudi Arabia, Wamda said in a recent report. Egypt saw nine transactions in November (tying with the UAE in first place), that included creative tech startup Argineering,\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648307,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/08\/local-startup-funding-rose-219-m-o-m-in-september-but-still-lag-behind-regional-startup-scene\/","url_meta":{"origin":640647,"position":2},"title":"Local startup funding rose 219% m-o-m in September, but still lag behind regional startup scene","author":"enterpriseam admin","date":"8 October 2024","format":false,"excerpt":"Saudi Arabia dominated regional startup funding in September","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/528.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558208,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/01\/egyptian-startups-raise-26-of-mena-funding-in-1h2021\/","url_meta":{"origin":640647,"position":3},"title":"Egyptian startups raise 26% of MENA funding in 1H2021","author":"enterpriseam admin","date":"1 August 2021","format":false,"excerpt":"Egyptian startups landed some USD 194 mn in venture capital finance in the first half of this year and accounted for 26% of all transactions inked across MENA in the same time period, ITIDA CEO Amr Mahfouz said last week in a statement (pdf). Mahfouz said in public comments that\u2026","rel":"","context":"In "Startup watch"","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\/8\/37.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566712,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/08\/eight-egyptian-startups-raise-usd-52-mn-in-june\/","url_meta":{"origin":640647,"position":4},"title":"Eight Egyptian startups raise USD 52 mn in June","author":"enterpriseam admin","date":"8 July 2021","format":false,"excerpt":"Egyptian startups were the second highest recipients of funding in MENA in June, with eight businesses raising USD 52 mn, according to Wamda. The majority of that figure comes from Trella\u2019s USD 42 mn funding round co-led by Maersk Growth that was closed late last month. The Trella financing was\u2026","rel":"","context":"In "SPEED ROUND: STARTUP WATCH"","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":565441,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/paymob-raises-usd-18-5-mn-series-a-round\/","url_meta":{"origin":640647,"position":5},"title":"Paymob raises USD 18.5 mn series A round","author":"enterpriseam admin","date":"8 April 2021","format":false,"excerpt":"Payment gateway Paymob completed its series A round with USD 18.5 mn raised, the company said in a statement (pdf). Paymob raised USD 15 mn from existing investors in the second tranche of its series A led by UAE-based Global Ventures, A15, and the Dutch entrepreneurial development bank (FMO). Paymob\u2026","rel":"","context":"In "SPEED ROUND: STARTUP WATCH"","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\/4\/374.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\/640647","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=640647"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/640647\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/640642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/640648"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=640647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=640647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=640647"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=640647"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=640647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}