Cubit Ventures

What is Cubit Ventures?

Cubit Ventures is an Egypt-based seed-stage venture capital fund that specializes in backing tech startups driving digital transformation in North Africa. With a focus on the rapidly growing economies in this region, particularly Egypt, they invest in innovative companies undertaking massive digital shifts.

Their investment thesis centers on projects that demonstrate capital efficiency and solid unit economics, bolstered by strong, complementary teams that include tech talent as core members. They actively seek post-revenue growth in key metrics and prioritize tech solutions that are easy to adopt and address acute pains in the market. Furthermore, Cubit Ventures targets businesses with considerable market size that exhibit the potential for global scaling.

In terms of investment range, they provide funding from a minimum of $100,000 to a maximum of $500,000, which is typical for Seed to Series A financing stages.

The fund draws inspiration from the ancient Egyptian royal cubit, emphasizing the importance of measurement and its role in creating order and encouraging prosperity.

Their portfolio includes startups like Illa, an asset-light logistics company; Rology, an AI-assisted tele-radiology platform; Sprints, an online tech education provider; Elgameya, a collaborative lending and saving solution; and xMap, a SaaS platform offering location intelligence data insights for strategic decision-making.

The team at Cubit Ventures, consisting of Rafeh Saleh, Paul Bragiel, and Ehab Shoukry, brings together their diverse backgrounds to support founders with aspirations to scale their operations globally.

What they say:

We invest in tech startups in Egypt; one of the fastest growing economies in the world and undergoing a massive digital transformation.