Saudi JournalSaudi Journal
  • Home
  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Business

Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides

…

Business

SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

…

Stitch raises $10 million seed to extend services to emerging markets

Qatar’s PayLater receives strategic investment from LuLu AI

Facebook Twitter Instagram Pinterest
Latest posts:
  • Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides
  • SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting
  • Stitch raises $10 million seed to extend services to emerging markets
  • Qatar’s PayLater receives strategic investment from LuLu AI
  • Seven Tides appoints Minor Hotels to manage DUKES The Palm
  • PUMA MIDDLE EAST INTRODUCES THE MOSTRO SQUAD
  • CNTXT AI and Beam Partner to Tackle the Gulf’s $5.4 Billion AI Agent Opportunity
  • Gainz closes pre-seed round to expand SME lending solutions
Facebook Twitter Instagram Pinterest
Saudi JournalSaudi Journal
  • Home

    Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides

    SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

    Stitch raises $10 million seed to extend services to emerging markets

    Qatar’s PayLater receives strategic investment from LuLu AI

    Seven Tides appoints Minor Hotels to manage DUKES The Palm

  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Saudi JournalSaudi Journal
Home » Foundation Ventures concludes first close of $25 million fund
Business

Foundation Ventures concludes first close of $25 million fund

Facebook Twitter Pinterest LinkedIn WhatsApp
Share
Facebook Twitter LinkedIn Pinterest WhatsApp

Foundation Ventures, a Cairo-based venture capital firm, has announced the successful first close of its $25 million fund, “FVFII.” This new fund underscores the firm’s mission to strengthen Egypt’s entrepreneurial landscape by driving innovation and supporting startups from early-stage development to regional and global expansion. A portion of the capital will also be directed toward investing in promising African startups.

The fund has attracted prominent investors, including the Egyptian American Enterprise Fund (EAEF), the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), and Onsi Sawiris. Their confidence in Foundation Ventures represents a shared vision to foster a robust entrepreneurial ecosystem in Egypt and across the continent, build disruptive generational businesses, and elevate local innovation onto the global stage.

“Egypt boasts one of the region’s most talented tech pools and one of the largest economies in the Middle East and Africa. The devalued currency offers startups a rare chance to harness superior tech talent and use Egypt as a cost-efficient testbed,” said Mazen Nadim, Managing Partner at Foundation Ventures. “This enables startups to refine their business models locally and emerge as competitive players on the regional and global stages.”

Nadim also highlighted the resilience emerging from Egypt’s evolving market landscape: “The recent market correction has acted as a filter, spotlighting strong, well-managed companies. Founders who prioritised capital efficiency and adaptability have emerged stronger. Shaped by the challenges of the downturn, this new generation of founders is expected to approach business-building with a heightened emphasis on sustainability and operational efficiency.”

Beyond capital investment, Foundation Ventures provides its portfolio companies with access to Egypt’s largest enterprise network. This hands-on approach creates a foundation for startups to thrive locally and scale regionally.

“We are excited to partner with Foundation Ventures and confident in the exceptional talent and vision of their team. This partnership underscores our commitment to supporting innovative entrepreneurs who are shaping the future of the region and our belief in the significant potential of Egypt’s growing venture capital ecosystem to drive economic growth,” commented Yasmine Ghobrial, Chief Investment Officer at the Egyptian-American Enterprise Fund.

Share. Facebook Twitter Pinterest LinkedIn WhatsApp

Related Posts

Business

Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides

Business

SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

Business

Stitch raises $10 million seed to extend services to emerging markets

Business

Qatar’s PayLater receives strategic investment from LuLu AI

Life

Seven Tides appoints Minor Hotels to manage DUKES The Palm

Life

PUMA MIDDLE EAST INTRODUCES THE MOSTRO SQUAD

Business

CNTXT AI and Beam Partner to Tackle the Gulf’s $5.4 Billion AI Agent Opportunity

Business

Gainz closes pre-seed round to expand SME lending solutions

Leave A Reply Cancel Reply

Stay In Touch
  • Facebook
  • Twitter
Business

Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides

Abu Dhabi, UAE, May – Yango Group, the global tech company, has launched the Yango Points program in Abu…

SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

Stitch raises $10 million seed to extend services to emerging markets

Qatar’s PayLater receives strategic investment from LuLu AI

Seven Tides appoints Minor Hotels to manage DUKES The Palm

Yango Group expands ‘Points’ loyalty program to Abu Dhabi with valuable rewards for rides

SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

Stitch raises $10 million seed to extend services to emerging markets

Qatar’s PayLater receives strategic investment from LuLu AI

Seven Tides appoints Minor Hotels to manage DUKES The Palm

Stay informed with Saudi Journal, your trusted source for comprehensive coverage of news, events, and insights from Saudi Arabia and beyond. Explore diverse perspectives, stay updated, and engage with the latest stories shaping our world. Experience news like never before with Saudi Journal.

Facebook Twitter
Categories
  • Business (291)
  • Life (108)
  • Saudi Arabia (67)
  • Technology (64)
  • Uncategorized (1)
  • World (51)
    • Africa (9)
    • Asia (24)
    • Europe (4)
    • US (3)
Our Picks
Saudi Arabia

Investing in the Strong 2024 Stock Market: A Global Perspective

Business

Revolutionizing Footwear in the UAE

Life

The Niyama Luxury Experience Exciting New Packages at Niyama Private Islands Maldives

© 2025 Saudi Journal.
  • Home
  • Saudi Arabia
  • Business
  • Technology
  • Life
  • English
  • العربية

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