Africa Funding Mobile

Egypt’s Instabug Secures $46 Million in Series B Funding Led by Insight Partners

Instabug, the leading mobile monitoring, crash, and bug reporting solution for mobile teams, today announced $46 million in Series B

EGYPT'S MYLERZ RAISES $9.6 MILLION IN FUNDING ROUND LED BY LORAX CAPITAL PARTNERS
Africa Funding Logistics

Egypt’s Mylerz Raises $9.6 Million in Funding Round Led by Lorax Capital Partners

Mylerz, an Egyptian last-mile delivery and fulfilment innovation company, today announced the closing of a $9.6 million round led by

Fintech Funding Investment Startup

Egypt’s Paymob Secures $50m Series B Investment

Paymob, the Egyptian fintech startup, has raised $50 million funding led by PayPal Ventures, Kora Capital, and Clay Point. The

The Food Lab
Funding Investment Venture Capital

The Food Lab, Egypt’s Cloud Kitchen Startup, Secures Pre-seed Round of $4.5m

The Food Lab (TFL), Egypt’s first cloud kitchen services operator, has closed a $4.5m pre-seed funding round co-led by Nuwa

Product Launch

OPay Gets Initial Approval to Issue Prepaid Cards in Egypt

OPay, the African payment firm, has announced that the Central Bank of Egypt has granted it the initial approval to

Pylon
Funding Investment

Egypt’s Pylon Secures $19m Seed Funding Round

Pylon, an Egyptian infrastructure management platform for water and electricity companies in emerging markets, has raised a $19 million seed

Sprints
Edtech Funding Investment

Egypt’s Sprints Closes $1.2m Seed Round Led by Alexandria Angels Network

Sprints, an Egyptian edtech startup, has raised $1.2 million in a seed round led by Alexandria Angels Network as well

Algebra Ventures
Venture Capital

IFC Invests $15m in Algebra Ventures to Support Egyptian Tech Startups and Drive Innovation

The International Finance Corporation (IFC) has announced an investment in the second fund from venture capital firm Algebra Ventures to

O7 Therapy
Health

Egypt’s O7 Therapy Secures $2.1m Seed Round Led by Hikma Ventures

O7 Therapy, an Egyptian psychoytherapy start up, has secured a $2.1 million seed round led by Hikma Ventures with the

Swvl
Business Ride-hailing

Egyptian Bus-hailing Firm Swvl Commences Trading on Nasdaq

Swvl, the Egyptian mass transit and shared mobility services provider, has begun trading on the Nasdaq. The firm’s co-founder and