Foundation Ventures

Foundation Ventures is an early-growth stage venture capital fund based in Cairo, Egypt, established in 2018. They specialize in backing founders who are building industry-defining companies, providing access to a vast network of distribution channels across the region to facilitate massive growth for their portfolio companies.

Omar Barakat

Managing Partner

Past deals in Egypt

Kenzz

Seed Round in 2022
Kenzz is an e-commerce platform that brings shopping to the mass market in Egypt and MENA. It offers customers a wide range of products and deals, with the unique feature of allowing users to share these offerings with friends and family for collective purchases at discounted prices.

The Fashion Kingdom

Seed Round in 2022
The Fashion Kingdom is an online fashion retailer offering a wide range of clothing, health, and beauty products. Their catalog includes shirts, jeans, jackets, accessories, liquid lipstick, fragrances, and more, catering to diverse age groups and genders in Egypt.

Capiter

Series A in 2021
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, vendors, wholesalers, and FMCGs on a single platform. Founded in 2019, the company streamlines the supply chain by allowing merchants to order products online and access on-demand credit facilities. Capiter facilitates immediate payment to suppliers for goods sold to buyers, thereby mitigating collection and credit risks. By leveraging advanced technology and machine learning, it enhances operational efficiency and data accuracy across the supply chain. This approach not only supports small businesses in increasing sales and expanding their customer base but also improves cash flow management.

NowPay

Seed Round in 2021
NowPay is a fintech company that develops and operates a platform to improve the financial wellness of corporate employees. The platform enables salary access and early wage payments, allowing employees to receive a portion of their earned wages at any time during the month, with repayment over multiple months via a mobile app. It also includes personal finance management tools for budgeting, saving, spending and borrowing, and provides salary balances and the maximum eligible loan amount. The company partners with employers to deliver these services, aiming to enhance employee happiness, productivity and loyalty. NowPay is based in Cairo, Egypt.

Capiter

Pre Seed Round in 2020
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, vendors, wholesalers, and FMCGs on a single platform. Founded in 2019, the company streamlines the supply chain by allowing merchants to order products online and access on-demand credit facilities. Capiter facilitates immediate payment to suppliers for goods sold to buyers, thereby mitigating collection and credit risks. By leveraging advanced technology and machine learning, it enhances operational efficiency and data accuracy across the supply chain. This approach not only supports small businesses in increasing sales and expanding their customer base but also improves cash flow management.

NowPay

Seed Round in 2020
NowPay is a fintech company that develops and operates a platform to improve the financial wellness of corporate employees. The platform enables salary access and early wage payments, allowing employees to receive a portion of their earned wages at any time during the month, with repayment over multiple months via a mobile app. It also includes personal finance management tools for budgeting, saving, spending and borrowing, and provides salary balances and the maximum eligible loan amount. The company partners with employers to deliver these services, aiming to enhance employee happiness, productivity and loyalty. NowPay is based in Cairo, Egypt.
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