Glint secures first close of its second venture fund to help Egyptian startups scale
- Glint raised $3 million in the first close of its second venture fund with the support of the Wadi Degla Group.
- The firm aims to empower Egyptian entrepreneurs and startups to create disruptive, tech-based businesses.
- Glint plans to invest between the Seed and Series A stages, with tickets ranging from $250,000 to $500,000.
The investment by Glint and the support from the Wadi Degla Group is a positive development for the Egyptian startup ecosystem. The focus on empowering entrepreneurs and fostering innovation aligns with the growth potential of the technology sector in Egypt. The availability of funding from various venture capital firms and government-backed initiatives further strengthens the ecosystem.
