{"id":667031,"date":"2025-06-18T00:00:00","date_gmt":"2025-06-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/18\/octane-lands-usd-5-2-mn-in-fresh-funding-to-support-operational-regional-growth\/"},"modified":"2025-06-18T00:00:00","modified_gmt":"2025-06-18T00:00:00","slug":"octane-lands-usd-5-2-mn-in-fresh-funding-to-support-operational-regional-growth","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/18\/octane-lands-usd-5-2-mn-in-fresh-funding-to-support-operational-regional-growth\/","title":{"rendered":"Octane lands USD 5.2 mn in fresh funding to support operational, regional growth"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.octane-tech.io\/\" style=\"\" rel=\"noopener\">Octane<\/a><\/strong><strong> raised USD 5.2 mn in a funding round co-led by Shorooq Partners, Algebra <\/strong><strong>Ventures, and SC Holdings<\/strong>, the local B2B digital payments platform for vehicle-related expenses said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/917.pdf\" style=\"\" rel=\"noopener\">statement<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/917.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Octane?<\/strong> Co-founded by Amr Gamal in 2022, Octane runs a closed-loop digital wallet that centralizes fuel, maintenance, spare parts, and other vehicle-related expenses on a single platform. The company supports diesel, gasoline, and CNG payments, and is testing EV charging integration. It claims to be the largest fleet payments network in Egypt, with access to 2.4k fuel stations and 400 CNG sites, serving 1.6k corporate clients managing a combined 250k vehicles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where\u2019s the money going? <\/strong>Octane will use the newly-raised funds to grow its fleet payments acceptance network, expand across MENA beyond Egypt, and deepen its AI capabilities \u2014 including fraud detection and route optimization. The funds will also allow the company to \u201cstay ahead of the shift toward cleaner, more efficient mobility, without adding complexity for our customers,\u201d Gamal said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What the backers said:<\/strong> \u201cIn a market where bn\u2019s leak through inefficiencies and fraud, Octane brings real accountability and control to fleet operators. Their vision extends far beyond fuel, laying the rails for B2B transactions across Egypt\u2019s logistics and mobility sectors. We\u2019re proud to back a team that\u2019s solving today\u2019s pain points while setting the foundation for a more efficient, transparent future.\u201d Algebra Ventures Partner Laila Hassan said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** We sat down with Gamal last year for our Founder of the Week column. <\/strong>Check out the interview <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/272efc75-86f9-4317-8c86-6590357a7948\/meet-our-founder-of-the-week:-octane%25e2%2580%2599s%253cmark%253e-amr-gamal%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The funding round was led by Shorooq Partners, Algebra Ventures, and SC Holdings<\/p>\n","protected":false},"author":1,"featured_media":667032,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[144,72,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-667031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-automotive","tag-enterpriseam","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"7936e2c9-0aa6-4949-9ea6-3e5a2f585028","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/965.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Octane lands USD 5.2 mn in fresh funding to support operational, regional growth","related_issue":[667012],"teaser":"The funding round was led by Shorooq Partners, Algebra Ventures, and SC Holdings","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.56e29001-9930-40ce-bf9f-477102f2e655.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>Octane lands USD 5.2 mn in fresh funding to support operational, regional growth - 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\/2025\/06\/18\/octane-lands-usd-5-2-mn-in-fresh-funding-to-support-operational-regional-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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PLUS: Acacia invests in Senegal.","author":"enterpriseam admin","date":"10 October 2023","format":false,"excerpt":"Sawari Ventures, Shorooq Partners, and QBN Capital all invested in the semiconductor company","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\/2023\/10\/483.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566759,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/yodawy-lands-usd-7-5-mn-in-a-series-b-funding-round\/","url_meta":{"origin":667031,"position":3},"title":"Yodawy lands USD 7.5 mn in a series B funding round","author":"enterpriseam admin","date":"12 July 2021","format":false,"excerpt":"Yodawy raises USD 7.5 mn in a Algebra, MEVP, Global Ventures-led series B funding: Pharma platform Yodawy has landed USD 7.5 mn in a series B funding round led by Algebra Ventures, Beirut-based Middle East Venture Partners (MEVP) and UAE-based venture capital fund Global Ventures, according to an emailed statement\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569834,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/09\/fintech-startup-khazna-secures-seed-funding-led-by-algebra-ventures\/","url_meta":{"origin":667031,"position":4},"title":"Fintech startup Khazna secures seed funding led by Algebra Ventures","author":"enterpriseam admin","date":"9 March 2020","format":false,"excerpt":"STARTUP WATCH- Khazna secures seed funding led by Algebra Ventures: Egyptian fintech startup Khazna has raised an undisclosed amount of seed funding from a group of investors led by Algebra Ventures, the company said in a statement (pdf). Accion Venture Lab, which had recently secured USD 33 mn in funds\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568796,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/egyptian-food-tech-startup-elmenus-raises-usd-8-mn-in-series-b-round\/","url_meta":{"origin":667031,"position":5},"title":"Egyptian food-tech startup Elmenus raises USD 8 mn in series B round","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"STARTUP WATCH- Elmenus raises USD 8 mn in Algebra, Global Ventures-led series B funding round: Cairo-based food-tech startup Elmenus has raised USD 8 mn in a series B funding round led by our friends at Algebra Ventures and UAE-based venture capital fund Global Ventures, according to an emailed statement (pdf).\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/667031","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=667031"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/667031\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/667012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/667032"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=667031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=667031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=667031"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=667031"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=667031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}