2021 Egypt Venture Investment Report
In a fast-evolving market, Egyptian startups were able to leave their mark on the VC map over the past year. Sealing a record-breaking run of VC investment, we explore extensive data with ITIDA to bring you a deep dive into Egypt's top-performing industries and most-funded ventures in 2021.
Access all MAGNiTT's data - Reach out to know more>
Following a four-year consecutive growth in VC funding, the Egyptian ecosystem observed a 168% YoY increase in capital investment to reach a new all-time high record of $491M. Nearing the $500M mark is a great milestone especially as it comes in congruence with unprecedented investor participation, wherein investors backing Egypt-based startups almost doubled between 2020 and 2021. While Egypt was the only geography in MENA’s top 3 to record an increase in the proportion of Early-Stage deals (<$500K), Later-Stage deals also took off accounting for 10% of all transactions for the first time.
E-commerce and FinTech were the most active industries by number of deals over 2021. However, observing a watershed moment for the ecosystem, Egypt recorded its first Mega Deal ($100M+) to date which put Transport & Logistics in first place by total funding.
2021 Egypt Venture Investment Report- Key Highlights
- The Egyptian VC ecosystem observed a 168% YoY growth in capital investment to near the $500M mark in 2021 invested through 26% more deals than FY 2020.
- In an exceptional year for investor participation, Global and Local investors backing Egypt-based startups almost doubled between 2020 and 2021 with more than 50% being international investors.
- Egypt recorded its first-ever mega deal with a $120M investment in Halan as general funding activity inclines towards late-stage deals.
- A record number of 7 Exits were announced in Egypt over 2021 with acquirers from the US, KSA, SA, and Oman.
This report was created with data from MAGNiTT, which is a comprehensive directory of emerging tech and new business strategies through tools like:
• Investment directories, a comprehensive list of all startup venture funding across the Middle East, Africa, Pakistan, and Turkey
• Market sizing tools to visualize investment growth and trends across industries, geographies, and stages
• Startup resources including a deal flow tool for applications to leading Venture Capitalists for investment
• Exit comparisons, looking at Mergers & Acquisitions from across the region
Keep the region's latest venture data at your fingertips. Get in touch with our sales team to access our interactive data charts on Emerging Venture Markets
About the Sponsor
The IT Industry Development Agency (ITIDA) is the executive arm of the Egyptian Ministry of Communication & Information Technology. Since its establishment in 2004, ITIDA’s core ideology has been spearheading the development of Egypt’s IT industry.