Venture Capital
Saudi-Egyptian venture capital firm Edafa plans to invest $10 million in Egyptian startups in 2026, as it expands its presence across the MENA region. Edafa CEO Essam Aly Mostafa revealed that the firm has already invested about $8 million in Egypt over the past 18 months, supporting more than 20 startups.
Imeripotiwa na AI
Crypto venture firm Dragonfly Capital has raised $650 million for its fourth fund, even as the cryptocurrency market grapples with declining prices and waning investor interest. The new fund targets early-stage investments in a sector facing reduced deal activity. Co-founder Haseeb Qureshi highlighted the firm's candid approach as a key strength.
This week saw U.S.-based startups raise significant venture capital, led by $500 million rounds for cryptocurrency firm Ripple and AI parking platform Metropolis. The funding spanned sectors including biotech, cybersecurity, and neurotech. The total for the top 10 rounds exceeded $2 billion, highlighting continued investor interest in innovative technologies.