TLDR:
Key points:
- Egyptian VC firm Glint completes first close of its second venture fund at $3 million.
- Fund will invest in early-stage startups in Egypt, with tickets ranging from $250,000 to $500,000.
Egypt-based VC firm Glint has announced the first close of its second venture fund at $3 million. The fund, led by Tarek Aboualam and Youssef Helmy Habib, will focus on empowering Egyptian entrepreneurs with investment opportunities in the early stages, with tickets ranging from $250,000 to $500,000. Glint, which has been in operation for six years, has already helped build successful businesses such as Darwinz.ai, Iqraaly, and Wasla. The fund is anchored by Wadi Degla Group and will support startups through its proprietary venture studio model, offering not only capital but also business, operational, and technical support as well as access to regional markets.
