pic
S. Horndasch / Flickr CC

Behind almost every great innovation, there’s someone with a purse that had to fund it. If it’s a person we call him/ her an angel investor and if it’s a company we generally call it a Venture Capital firm. Venture Capital (VC) is a type of financing that is provided to very young companies with strong growth potential. In addition to funding, most VC firms offer technical or managerial expertise to their portfolio companies.

If you needed money to grow your startup in Egypt, you would have had a very tough time 10 years ago. The startup ecosystem was completely different than how it is nowadays. Almost all VC firms that are currently present in Egypt have been founded in the past decade. As a result, the initial rounds of investments, which are also known as Pre-seed, Seed and Series A rounds, are booming in the region. The bigger Series B and Series C rounds, on the other hand, are still much less common (see here the latest article about the top-funded startups in Egypt).