Venture Capital
Beltone Venture Capital and Citadel International Holdings have announced the successful exit of their joint investment in the Egyptian logistics startup Bosta, delivering a 75% internal rate of return.
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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.
Venture capitalists invested $155 million in 14 crypto startups this week, pushing yearly totals to nearly $25 billion. This marks a 160% increase from last year, surpassing analyst expectations. Key backers range from crypto specialists to traditional finance giants.
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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.