Foundation Ventures
Cairo, Egypt · Invests in MENA; Africa · Website
Check size
🔒 $•• – $••Thesis
We back exceptional teams leveraging Egypt's currency-driven cost advantage and local market expertise to build industry-defining companies that scale across MENA and Africa. We provide patient capital, operational support, and regional network access to first-time founders and technical teams.
Likely not a fit for
We do not invest in companies without clear path to MENA-scale market opportunity, pure software with no operational defensibility, or teams without demonstrated ability to execute
How they invest
- Lead or follow
- Usually leads
- Typical decision
- ~2 weeks
- Warm intro
- Not required
- Involvement
- Takes a board seat
- Fund status
- Actively deploying
- Assets under mgmt
- $25M
- Decision process
- Partnership vote
Partners & team
8 contacts on file
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Rabbit is the leading MENA 20 minutes delivery company, providing a wide range of supermarket staples and favorite brands delivered quickly and efficiently.
NowPay is a financial-wellness platform for employees in emerging markets, enabling the workforce to better manage their budgets and overcome cash flow problems by offering instant cash advances backed by the employee’s monthly salary.
Abwaab is an online learning platform that allows students to learn at their own pace through a series of short, concept-based lessons, providing expert tutoring and assessment tools.
Sakneen provides software solutions specifically designed for real estate developers, enabling them to manage inventory, facilitate online payments, and enhance sales experiences through a digital platform.
Minly is a platform that connects fans with celebrities through interactive online events, personalized video messages, and official merchandise, while also contributing to charity.
Kenzz is an online marketplace offering a wide range of products including electronics, home appliances, fashion, and groceries, with a focus on discounts and promotions.
Swypex is an all-in-one financial platform that empowers businesses with control, visibility, and efficiency in managing their finances, offering services like corporate cards, expense management, business banking, and invoice management.
Trella is a trucking platform that connects shippers and carriers, aiming to streamline logistics and enhance efficiency in the transportation industry.
Aydi is a platform designed to enhance agricultural practices through advanced technology, providing growers with the tools needed for smarter decision-making and improved efficiency in farming.
Flextock is a tech-enabled fulfillment company operating in Egypt, Saudi Arabia, and the UAE, offering a comprehensive range of dependable and scalable warehousing and delivery services to ecommerce businesses.
Recent activity
- Feb 2026
Flextock
Series A · Participated
- Sep 2025
aydi
Seed · Participated
- Nov 2021
Rabbit
Pre-Seed · Lead
- May 2021
Flextock
Pre-Seed · Lead
- Aug 2020
Sakneen
Seed · Lead
- Jul 2020
Abwaab
Seed · Lead
- Jun 2020
NowPay
Seed · Lead
Foundation Ventures in the news
Pulse 2.0
Prolo Raises £4.2 Million Seed To Bring AI-Powered Procurement To SME Construction Contractors
1 month ago
africaprivateequitynews.com
TLcom Capital in e-commerce infrastructure deal
6 months ago
Arab News PK
Startup Wrap: MENA ventures draw $190m in multi-sector funding wave
6 months ago
Arab News
Startup Wrap: MENA ventures draw $190m in multi-sector funding wave
6 months ago
Arab News
Startup Wrap: MENA ventures draw $190m in multi-sector funding wave
6 months ago
Arab News PK
Startup Wrap: MENA ventures draw $190m in multi-sector funding wave
6 months ago
Dabafinance
Flextock Raises $12.6M to Expand Egypt and Saudi Logistics Operations
6 months ago
Wamda
Flextock targets e-commerce bottlenecks with $12.6 million Series A
6 months ago
EnterpriseAM
MSMEDA and Egypt-active VCs to launch Egypt’s first unified startup portfolio platform with World Bank backing
Jun 2025
waya.media
Egypt’s MSMEDA and World Bank Launch VC Reporting Standard
Jun 2025
africaprivateequitynews.com
Egypt: Foundation Ventures unveils $25m fund
Feb 2025
Arab News
Startup Wrap — Saudi firms continue to raise funding ahead of LEAP25
Feb 2025
waya.media
Giza Systems and Egypt Ventures Partner to Foster Innovation
Feb 2025
Forbes Middle East
Foundation Ventures Raises $25M To Fund Egypt’s Startups
Feb 2025
Wamda
Foundation Ventures concludes first close of $25 million fund
Feb 2025
africaprivateequitynews.com
Egypt: Agency commits $7.5m to private capital funds
Feb 2025
waya.media
Foundation Ventures Launches Second VC Fund with USD 25M First Close
Feb 2025
WeeTracker
P1 Ventures, Two Other Funds Receive USD 7.5 M Backing from Egypt’s Fund of Funds
Jan 2025
CairoScene
MSMEDA Invests $3M in Foundation Ventures Fund to Aid Egypt’s Startups
Dec 2024
waya.media
Empowering Startups: MSMEDA Invests USD 3M in Foundation Ventures Fund
Dec 2024
Wamda
Egypt’s Kenzz raises $3.5 million Seed round
Oct 2022
businesstodayegypt.com
B2B e-commerce startup Capiter removes co-founders for “inability to fulfill duties”
Sep 2022
MENAbytes
Egyptian 20-minute grocery delivery startup Rabbit raises $11 million in region’s largest pre-seed
Nov 2021
TechCrunch
Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA
Sep 2021
analyticsindiamag.com
How is Ati Motors Revolutionizing Autonomous Vehicles?
Jul 2021
analyticsindiamag.com
How is Ati Motors Revolutionizing Autonomous Vehicles?
Jul 2021
My Startup World
Trella secures $42 million funding
Jun 2021
MENAbytes
Egypt’s Trella raises $42 million Series A led by Maersk and Raed Ventures
Jun 2021
MENAbytes
Egyptian ecommerce logistics startup Flextock raises $3.25 million in region’s largest pre-seed
May 2021
KrASIA
Foundation Ventures closes its debut fund to invest in early-stage Egyptian startups
Oct 2020
waya.media
Foundation Ventures Launches its Egypt-Focused Fund
Oct 2020
MENAbytes
Foundation Ventures closes its debut fund to invest in early-stage Egyptian startups
Oct 2020
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