Top 5 Egyptian Startups That Raised Money in 2018

2018 was an amazing year for the entrepreneurship ecosystem in Egypt. As 80 startups raised investment, positioning Egypt among the most growing in the region. According to Magnitt data.

In this article, we will cover the top five Egyptian startups that raised money in 2018.

1.  SWVL

Swvl is a premium mass transit app that provides buses to every neighbourhood in Cairo. It allows people to share a ride in a van or bus for a fixed flat fare with no surge pricing.

Money Raised: Undisclosed (estimated between $18-20 Million)

  • Funding Series: Series A and B
  • Investors: Silicon Badia (Jordan), DiGAME (UAE), Sawari Ventures (Egypt), Raed VC (KSA), Arzan VC (Kuwait), BECO Capital (UAE), OTF Jasoor Ventures (Oman) and DASH Ventures (Jordan)
  • Total Funding Amount: Undisclosed

2. Vezeeta

Vezeeta is a digital healthcare booking platform and practice management software. Patients are able to search, compare, and book the best doctors in just few minutes. Doctors also provide Patients with more organized healthcare experiences through the clinic management software.

  • Money Raised: $12 Million
  • Funding Series: Series C
  • Investors: STV (KSA), Silicon Badia (Jordan), CE Ventures (UAE), BECO Capital (UAE) and Vostok New Ventures (Sweden)
  • Total Funding Amount: $22.5 million

3. Basharsoft (Wuzzuf and Forasna)

BasharSoft is a technology firm specialized in developing innovative web-based online recruitment software solutions including Wuzzuf and Forasna. It offers online recruitment, talent management, and workforce planning software systems.

  • Money Raised: $6 Million
  • Funding Series: Series B
  • Investors: Kingsway Capital (UK), Endure Capital (US) and Vostok New Ventures (Sweden)
  • Total Funding Amount: $7.7 million

4. Halan

Halan is a new on-demand ride hailing app for Tuk-tuk and motorcycle in the slum areas in Egypt.

  • Money Raised: Undisclosed (estimated at $4.3 Million)
  • Funding Series: Series A
  • Investors: Battery Road Digital Holdings (India) and Algebra Ventures (Egypt)
  • Total Funding Amount: Undisclosed

5. Aqarmap

Aqarmap is an online real estate marketplace in Egypt.

  • Money Raised: Undisclosed (estimated at $3 Million)
  • Funding Series: Series A
  • Investors: Raed VC (KSA) and KISP Ventures (Kuwait)
  • Total Funding Amount: Undisclosed