Foundation Ventures

What is Foundation Ventures?

Foundation Ventures is an early-stage venture capital fund based in Cairo, Egypt, specifically at 23a Ismail Mohamed Street, El Zamalek. They operate with a focus on the Egypt and MENA regions, supporting ambitious entrepreneurs who strive to build industry-defining companies.

With a commitment to the tech-enabled, sector-agnostic startup ecosystem, they invest in ventures that demonstrate the potential to significantly disrupt the markets they operate within. The investment size of Foundation Ventures typically ranges between $100,000 and $500,000, positioning them as a crucial supporter for seed to early-stage funding rounds. Through their investments, they seek to unlock massive growth for portfolio companies by leveraging some of the largest distribution channels available in the country.

Their involvement goes beyond capital provision; by being one of the first backers of a company, they provide extensive access and support across Egypt, playing a transformative role in enabling startups to scale rapidly. Foundation Ventures has a diverse portfolio that spans various innovative sectors such as logistics, fintech, edtech, proptech, retail, and fashion.

Their website showcases a selection of these investments, which include Egypt's first end-to-end digital fulfillment provider Flextock, financial wellness fintech NowPay, educational content platform Abwaab, real estate journey innovator Sakneen, local everything store Rabbit, and fashion experience reinventor TFK.

The fund's philosophy emphasizes backing people and their ventures with great potential to multiply in value with each dollar invested, driving forward the next generation of commerce and services in Egypt and the broader Middle East and Africa region.

What they say:

We invest in tech enabled sector agnostic startups. Foundation Ventures is an early-stage venture capital fund focused on Egypt and the MENA region backing exceptional founders building industry defining companies. We unlock massive growth for our portfolio companies by giving them access to the largest distribution channels in the country.