“Egypt Ventures” leads $1M financing round for Start-up Nawah

SourceEgypt Today
SectorTechnology
CountryEgypt

Egypt Ventures - Press Photo CAIRO – 14 January 2021: Egypt Ventures led a financing round for the emerging company, Nawah, the first private Egyptian multidisciplinary research center for natural and medical sciences, with a value of $1 million, Chairman and Managing Director of Egypt Ventures Ahmed Gomaa said Thursday   “This is in line with Egypt Ventures to support and promote entrepreneurship in tech companies and technology-backed companies at the local and regional level,” Gomaa clarified.   Gomaa added that they were one of the first institutions supporting Nawah in enabling its scientific research in the Middle East and Africa. The new financing round will enable the company to expand its business and enter new markets.   He added that the new financing round raised the capital of Nawah to $2 million, led by Egypt Ventures. This also succeeded in attracting private sector investors, namely, Alexandria Fund, Cairo Angels, Alex Angels, Hult Alumni Angels, and ...read more...