• Tuesday, 14 February 2023

    USD 1 bn for expansion at CIB, the wind-down of CVentures, and pharma goods stuck in port?

    BANKING- CIB could raise USD 1 bn for expansion: CIB is seeking regulatory approval to issue financial instruments worth up to USD 1 bn or the equivalent in EGP or other currencies to finance the bank’s expansion, according to an...
  • Monday, 12 July 2021

    Yodawy lands USD 7.5 mn in a series B funding round

    Yodawy raises USD 7.5 mn in a Algebra, MEVP, Global Ventures-led series B funding: Pharma platform Yodawy has landed USD 7.5 mn in a series B funding round led by Algebra Ventures, Beirut-based Middle East Venture Partners (MEVP) and UAE-based...
  • Monday, 15 June 2020

    CVentures makes undisclosed investment in MagicCube

    STARTUP WATCH- CIB’s VC arm CVentures has made an undisclosed investment in US-based mobile security startup MagicCube, according to a statement (pdf). CVentures joins a group of investors led by Bold Capital, Epic Ventures, Sony, NTT Data, Azure Capital, Visa...
  • Sunday, 10 May 2020

    Egypt-based CVentures invests in UK small business accounting app Countingup

    STARTUP WATCH- CIB’s venture capital arm CVentures has invested in UK-based small business banking and accounting app Countingup, according to an emailed statement (pdf). The investment is part of a GBP 4 mn bridge round led by ING Ventures, Triple...
  • Tuesday, 12 November 2019

    Egypt’s Yodawy raises USD 1 mn in Algebra-led Series A funding round

    STARTUP WATCH- Egypt’s Yodawy raises USD 1 mn in Algebra-led series A funding round: Yodawy, Egypt’s largest online digital pharmacy benefits platform, has raised USD 1 mn in a series A funding round led by our friends at Algebra Ventures...
  • Thursday, 24 October 2019

    My Morning Routine: Amr Shawki, director at CVentures

    Amr Shawki, director at CVentures: My Morning Routine looks each week at how a successful member of the community starts their day — and then throws in a couple of random business questions just for fun. Speaking to us this...

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