Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Thursday, July 10
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Africa»Egypt-Based Sequence Ventures to Invest In 10 Startups Through its $8 Million Deep-Tech Fund
    EGYPT-BASED SEQUENCE VENTURES TO INVEST IN 10 STARTUPS THROUGH ITS $8 MILLION DEEP-TECH FUND

    Egypt-Based Sequence Ventures to Invest In 10 Startups Through its $8 Million Deep-Tech Fund

    0
    By Oluwasegun Olukotun on March 24, 2022 Africa, Funding, Investments, Startups

    Egypt-based VC Sequence Ventures is planning to invest $8 million (EGP150 million) in 10 tech companies this year via its Egypt Deep-Tech fund.

    The fund is currently in talks with 22 startups to deploy EGP12-17 million in 10 transactions starting as early as May.

    According to Sequence Ventures Executive Chairman Karim Helal while speaking with Enterprise, Deep-Tech plans to reach its first close of $8 million by the end of April, with two more closes ahead, ranging from $8-11 million each, to reach its $27 million final closing target.

    Launched in October 2021, the Egypt Deep-Tech Fund is focused on acquiring companies operating in a range of tech sectors, including healthtech, fintech, edtech, proptech, logistics, and DevOps.

    The fund made its first investment last year, committing an undisclosed amount of seed capital to AIM Technologies, an AI-driven customer experience platform.

    Related

    Egypt Sequence Ventures Startups
    Share. Facebook Twitter Pinterest LinkedIn Email
    Oluwasegun Olukotun

    Related Posts

    IFC and Proparco invest $50M in Helios Sports and Entertainment to boost Africa’s creative economy

    DStv prices to rise again in Kenya as MultiChoice adjusts rates and refocuses on mobile offerings

    MEST opens applications for fully-funded AI Startup Programme for young African tech founders

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.