Cairo – Sharikat Mubasher: Egypt-based venture capital fund DisrupTech Ventures is currently studying possibilities of launching a new investment fund of $70 million by 2026 to support new startups.
Mohamed Okasha, Co-founder and Managing Partner from DisrupTech Ventures told Asharq Business that the company is considering dedicating $16 million to invest in fintechs within a period of 18 months, adding that the company is currently conducting feasibilities on 7 to 8 companies.
Okasha revealed that the new fund will be launched in 2026, right after the closure of the $36 million current one pointing out that the fields of investments are yet to be decided.
Founded in 2021, DisrupTech is an early-stage VC fund that aims to provide Seed capital to up to 28 startups with a prime focus on fintech. The fund has raised $36 million from several investors, including Development Finance Institutions, Funds-of-funds, and family offices.
