A new entity plans to acquire 5 startup companies in Egypt quest’year

In an interview with Al Arabiya, Sequence Ventures Vice President Majed Shawky expected average startup exit returns would be between 25% and 30%.

Shawky revealed that the company will announce potential deals within a month, indicating that it caters to 25 emerging companies. So the short list of companies reached 10 companiesBased on the negotiation, it is expected to complete the acquisition or companies with 4 or 5 companies by the end of questyear, based on the approvals of the Investment Committee.

He explained that the target would be the start-up run by young Egyptians in the fields of health, artificial intelligence and the development of industrial production lines.

An elite group of specialist investors is launching sequencing initiatives to manage venture capital, aiming to invest around EGP 500 million in start-up and entrepreneurship in the fields of deep technology in Egypt.

The company intends to acquire minority stakes in about 15-20 companies with an investment period of up to 5 years.

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