ArabFinance: Sequence Ventures has launched a new EGP 500 million fund dubbed Egypt Deep-Tech, the company said in a press release.
The fund plans to invest in Egyptian startups operating in health-tech, fintech, ed-tech, prop-tech, logistics, and DevOps.
It also aims to raise between EPG 100-150 million by its first close, which is expected to wrap up before the year is out.
Sequence Ventures has created strategic alliances with 45 VCs and accelerators in four main base regions, the United Kingdom, Germany, the Netherlands, and Russia.
The strategic alliances have to serve as an asset to the startups in our portfolio as they offer to matchmake and later on exit options for Egyptian startups in Europe, such as acquisitions.
Established in 2019, Sequence Ventures is an early-stage venture capital firm focused on supporting young homegrown talent and Egyptian entrepreneurs building technology startups.
It is one of the first venture capital firms in the Middle East and North Africa to focus on technology-based startups
Copyright © 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).