Cairo: Foundation Ventures, has officially launched its first fund focused on early-stage Egyptian investments ranging from Pre-Seed to Series A.
The fund is backed by some of the largest family offices and business leaders from Egypt and the MENA region.
The strategy utilizes local know-how and private capital to support and build solid foundations for its portfolio
Foundation Ventures is a regional venture capital firm that was founded in early 2019 and is managed by Mazen Nadim, Omar Barakat, and Ziyad Hamdy, in partnership with HOF Capital, a US-based VC firm, and BPE Partners, Egypt’s leading private equity company.
The VC backs the best-in-class founders building high-impact new technology companies. FV’s investment strategy revolves around leveraging the resources of their Limited Partners and Enterprise Partners allowing companies to unlock immediate growth.
The network includes some of the leading enterprises across a wide range of industries that help the portfolio companies expand their geographical and market reach, product offering, access to industry experts and leaders, and business development. By working closely with the founders, FV is also able to support the startups’ fundraising activities.