What is driving Egypt's current startup boom? | Investasi Emas Online What is driving Egypt's current startup boom? | Investasi Emas Online
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What is driving Egypt's current startup boom?

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Prior to infusing large sums of capital into a startup, venture capitalists ensure that a startup does not pose any potential reputational risk. To help mitigate such risks, venture capitalists utilise social frameworks like conversational intelligence to provide them with a holistic view on a startup's social capital.
Most attempts at segmenting the Mena consumer stack tend to group it into GCC vs. other, or GCC vs. Levant vs. North Africa at best. As such, they are not very helpful for startups and investors looking to navigate the region. Nafez Dakkak, managing director and CEO of the Queen Rania Foundation for Education and Development, shares a guide to market segmentation in Mena.
Last week Mena's technology ecosystem saw the launch of two new venture capital funds in Egypt at a time when deal flow and investment in the country is rising. These two new funds are likely to further invigorate the ecosystem by providing much-needed investment for the country's startups, but what's driving Egypt's current startup boom?
In case you missed it - here's our round-up from News Watch:

Paymob completes $18.5 million Series A funding
Aldar launches second incubator programme
Laverie raises six-figure funding round
Falak awards cash prize to eight Mena startups
Prexle completes its $670,000 Seed round
AUC launches spinoff semiconductor startup
Snoonu raises $5 million in Series A
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