Egyptian startups secure $228mln in funding in 5 months
This represents a 130% increase over the same period in 2024.
The group reported 16 deals executed during the first five months of the year, 11 of which involved investments totaling $156 million.
Additionally, two startups, Nawy and MNT-Halan, secured substantial debt financing, receiving $23 million and $49 million, respectively.
In addition to funding, Egypt's startup sector has seen notable exit and acquisition activity, including Dubizzle's acquisition of the online car trading platform Hatla2ee and MaxAB-Wasoko's acquisition of Fatora.
The proptech sector led in terms of investment volume, contributing to 33% of total funding, while the fintech sector dominated in deal volume with five transactions, accounting for 32% of the total investment.
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