Nahdet Misr’s Edventures seeks to invest $5M in 2024 to back start-ups

Updated 12/25/2023 9:17:00 AM
Nahdet Misr’s Edventures seeks to invest $5M in 2024 to back start-ups

Arab Finance: Edventures, Nahdet Misr Group’s corporate venture capital, is targeting to invest around $5 million in 2024 to back start-ups locally and regionally, the Edventures' General Manager Maged Harby told Al Borsa News.

The new investments will be allocated to 10 to 12 start-ups in the sector of business incubation with around $500,000 for each one, Harby noted.

He added that Edventures is also seeking to cooperate with international entities that have not invested in the Egyptian market yet.

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