Foundation Ventures, the Egyptian venture capital firm, has announced the launch of its second investment fund, FVFII, with an initial funding of $25 million to support startups in Egypt and Africa.
The fund aims to empower entrepreneurs to expand locally and regionally, with participation from prominent investors such as the Egyptian-American Enterprise Fund (EAEF), MSMEDA, and Egyptian businessman Onsi Sawiris.
Additionally, the Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has committed $3 million to support high-growth startups.
Besides funding, Foundation Ventures offers startups access to a vast network of connections, helping them refine their business models before scaling.
