Monday December 11th, 2023
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Beltone Launches VC Fund to Back Egypt’s Tech Startups

Beltone Venture Capital will primarily focus on pre-seed and seed funding rounds, with additional support in follow-up rounds.

Startup Scene

Beltone, a leading regional investment bank, has recently announced the launch of a new venture capital (VC) fund that aims to provide sustainable funding for early-stage tech startups in Egypt. Beltone Venture Capital (BVC) will primarily focus on stimulating and providing sustainable funding for early-stage tech startups taking on an early leadership role along with the founders, and will continue to support the best-performing portfolio companies in follow-up rounds.

“At Beltone Venture Capital, we are committed to fostering a culture of collaboration and mentorship to help startups scale up and reach their full potential,” Ali Mokhtar, CEO of Beltone Venture Capital, tells StartupScene. “We are sector agnostic and will focus on investments that offer inclusion to under-served untapped customer segments. Our investment approach, combined with our highly experienced professionals and extensive network in the region, allow us to actively support our portfolio companies in building strong teams capable of achieving sustainable scalable businesses.”

Egypt's tech startup ecosystem has been growing at an unprecedented pace, attracting significant investments from local and foreign investors alike. The Beltone Venture Capital Fund's launch is a significant development in the Egyptian startup ecosystem, providing much-needed capital and support for early-stage startups.