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Ecommerce platform builder ExpandCard secures $2.7M to expand to new markets

The funding round was led by Hong-Kong based Betatron Venture Group with participation from existing investors

MENA saw 138% growth in VC funding in 2021 | MAGNiTT

FinTech also led EVM industry funding at $2,139 million (up 549%), followed by Transport and Logistics at 1,658 million (up 460%)

Egyptian startups take 7 spots on Forbes ME’s top 50 most-funded startups in MENA

Egypt’s seven entries raised a total of $248.6 million, with the top Egyptian company in 8th place

Egypt-based B2B fashion marketplace Gahez closes $2M pre-seed

Using a data-driven approach, Gahez successfully relieved fashion retailers from issues stemming from procurement and facilitated their selection of products and sourcing options

MoIC’s Egypt Ventures supported local startups with investments worth EGP 92M

In their year-end report, the Ministry of International Cooperation revealed their 2021 efforts in supporting support entrepreneurship, innovation and startups through Egypt Ventures