Egypt’s T-Vencubator Fund Launches to Back Tech Startups
T-Vencubator’s focus will be investing in startups in their early stages up to the Series A stage.
A new tech startup incubator and venture capital firm, T-Vencubator, announced the start of operations in Egypt.[1]
According to T-Vencubator, its mission is to provide Egyptian startups and budding entrepreneurs with incubation and financial support through a combination of venture capital and incubation. T-Vencubator’s focus will be on investing in startups in their early stages up to the series A stage, especially in the field of artificial intelligence.
Its first incubation program will launch in July 2024, and it also aims to invest in five startups during the upcoming year.
Early stage startups are beginning to receive more attention as investors in the region become more selective and begin to direct investments to fill the gap in funding for early stage startups.
T-Vencubator was founded by Reem Safy, CEO of Al Safy Group which oversees a wide range of independent companies in a variety of areas, such as technology, retail, financial solutions, real estate, and automotive.