Back to the complete issue
Monday, 2 December 2019

Egyptian tech investment fund A15 plans to invest EGP 250 mn

INVESTMENT WATCH- Tech investment fund A15 plans to invest EGP 250 mn over the coming period in fintech, e-commerce, digital advertising technology, and digital development projects, CEO Fadi Antaki tells Hapi Journal. The investments will be distributed between A15 and other investment partners, and the fund will announce the new projects successively in 1H2020, Antaki says. The new investments include entering two distinct areas related to e-commerce, he said, noting that A15 has invested an undisclosed sum in courier service provider R2S Logistics as part of its investment plans for the sector.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2020 Enterprise Ventures LLC.