Back to the complete issue
Monday, 14 February 2022

Cloud hub startup Takery lands pre-seed funding

Takery Cloud Hubs, an Egypt-based cloud hub startup, has raised an undisclosed amount in a pre-seed funding round, according to a press release (pdf). The funding will be used to expand the company’s cloud branches, grow its team, and develop its tech. Including this first round, the company is looking to secure up to USD 3 mn in 2022, the statement says.

About the company: Takery is Egypt’s first company specialized in establishing and managing cloud hubs, according to founder and CEO Karim Morsi. The company offers fast-food chains and fast-moving consumer goods companies the digital infrastructure to grow their footprints, either by entering new markets altogether or expanding geographically.

More brands to land in Egypt? Takery is looking to bring new international and Gulf brands into the Egyptian market, the press release says, without providing further details.

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. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.