What's Hot

    FAB unveils first supply chain finance program in KSA, collaborating with Alfanar

    June 1, 2023

    IATF – Cairo Selected as the venue for the 3rd Intra-African Trade Fair

    May 31, 2023

    AeTrade Group promotes job creation and digital inclusion to boost Intra-African trade

    May 30, 2023
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      Dangote refinery set to be commissioned in two weeks

      May 8, 2023

      An Nisa Taxi a Kenyan women-only taxi service to expand to Saudi Arabia

      May 4, 2023

      AD Ports Group invests Dhs955m to bolster its fleet

      May 1, 2023
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      IATF – Cairo Selected as the venue for the 3rd Intra-African Trade Fair

      May 31, 2023

      AeTrade Group promotes job creation and digital inclusion to boost Intra-African trade

      May 30, 2023

      DP World and Standard Bank to expand trade finance solutions in Africa

      May 30, 2023
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      Riyadh Valley Company invests in STV’s Total Growth Platform

      Business Finance April 4, 2023
      Recent

      Riyadh Valley Company invests in STV’s Total Growth Platform

      April 4, 2023

      South Africa’s Fin acquires Thuthukani

      March 24, 2023

      Fintech dominates African startup funding

      February 15, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Finance

    Endure Capital announces first close of its new USD 50 million fund

    September 15, 20222 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Endure Capital
    Egyptian VC firm Endure Capital launches new fund to target early-stage investments.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Endure Capital, an Egyptian venture capital firm, has completed the first close of its new fund that aims to invest in early-stage startups across Africa.

    Endure Capital, an Egyptian venture capital firm, has announced the first close of its new fund that will invest in startups across the African continent. The firm was established in 2015 by Tarek Fahim and has already made a series of investments, including an early deal with Careem and investments in companies including Egypt’s MaxAB and Breadfast.

    Endure Capital: Focusing on early-stage startups

    The new fund, titled ‘Endure 21’ is the company’s second early-stage fund and is intended to seek investment opportunities in ‘impact-driven early-stage startups in Africa. In addition, the fund will also study opportunities to invest in international growth-stage startups.

    “Endure is committed to adding value to the region’s flourishing startup founders, and ecosystem, and we love to partner with founders that relentlessly pursue entrepreneurship as a means for value creation to society and who are building lasting businesses,” said Fahim.

    International investors

    Partners investing in the fund include British International Investment (BII), the UK’s Development Finance Institution and impact investor, Micro, Small, and Medium Enterprise Development Agency (MSMEDA) – Egypt’s Social Fund for Development and founders of various leading startups of the region. 

    Sector-agnostic

    According to a statement released by Endure Capital, the new fund will invest in 24 companies across a range of sectors and half of the fund’s capital will be reserved for top-performing companies within its portfolio. The new fund has already made several investments including co-leading Series A of Brimore, Egypt’s leading social commerce platform; investing in Cassbana, a BNPL alternative credit solution for SME’s; and in Pylon, a smart infrastructure startup providing a subscription-based “Smart Metering as a Service” (SMaaS) for electricity and water companies in emerging markets.

    “BII is excited to be partnering with Endure Capital, a well-embedded leading local fund manager in Egypt’s entrepreneurial ecosystem. I am delighted that our partnership on Endure21 will help support the next generation of visionary entrepreneurs in Egypt, providing them with the capital to build transformative businesses that are creating innovative solutions and accelerating productive, sustainable and inclusive growth across society,” said Abhinav Sinha, managing director and head of technology and telecoms for BII.

    According to Endure, the company has a portfolio of 46 startups and has invested a total of USD 21 million with 20 follow-up investments.

    Egypt Endure Capital VC Venture Capital
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleACWA Power aims to expand desalination operations across MENA
    Next Article Future Hospitality Summit opening 19 September

    Related Posts

    Business Logistics Logistics

    FAB unveils first supply chain finance program in KSA, collaborating with Alfanar

    June 1, 2023
    Business & Trade Startups

    Cargoz secures bridge funding for expansion into KSA

    May 29, 2023
    Business Commodities Metals & minerals

    Copper 360 lists on JSE as Africa’s newest copper producer

    May 26, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    LATEST STORIES

    FAB unveils first supply chain finance program in KSA, collaborating with Alfanar

    June 1, 2023

    IATF – Cairo Selected as the venue for the 3rd Intra-African Trade Fair

    May 31, 2023

    AeTrade Group promotes job creation and digital inclusion to boost Intra-African trade

    May 30, 2023

    DP World and Standard Bank to expand trade finance solutions in Africa

    May 30, 2023

    Cargoz secures bridge funding for expansion into KSA

    May 29, 2023
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

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