Egypt-based boutique consulting and investment firm Glint has closed its second venture fund at $3 million, supported by Wadi Degla Group.
Glint Fund II seeks to support innovative entrepreneurs to build disruptive, tech-based Egyptian companies with the capability—and mandate— to penetrate the regional and international markets and aims to invest between the Seed and Series A stages with tickets ranging from $250K to $500K.
“Glint’s second fund represents an important step to further develop our ecosystem designed to support Egyptian tech-based startups looking to penetrate the regional and international markets,” said Tarek Aboualam, managing partner at Glint,
According to Tarek Aboualam , Glint’s Venture Studio model is designed to provide much more than just capital; it provides an integrated platform offering business, operational and technical support as well as access to the regional market. We are thrilled to start working with our new LPs as well as continue working with our returning investors.
“Investing in startups that redefine and disrupt markets is more than just financial input; it’s about building a foundation for continuous innovation and significant regional growth,” added Youssef Helmy, General Partner at Glint.
Since its establishment 6 years ago, Glint has helped build many bright businesses like Darwinz.ai, Iqraaly, Wasla, Kashier and Filkhedma.
“The fund focuses on digital and disruptive industries, planning to make significant inroads into AI, fintech, and other cutting-edge technologies.”