Techstars

Techstars is a global platform that invests in and supports early-stage technology companies. Founded in 2006, it operates a mentorship-driven accelerator program, providing seed funding, intensive mentorship, and access to a network of investors and entrepreneurs. Techstars has programs in various locations worldwide, including Boston, Boulder, New York, Seattle, London, Chicago, and Austin. It invests $118,000 in each company, with $18,000 in seed funding and an optional $100,000 convertible debt note. Techstars also has industry-specific accelerator programs, such as Techstars Retail and Techstars Music, focusing on retail and music technology, respectively. Its portfolio includes over 1,000 companies with a combined market cap of $8.1 billion.

Ethan Austin JD

Director

Sarah Bain

Managing Director

Saalim Chowdhury

Managing Director

Timothy Dorr

Managing Director

Maelle Gavet

CEO and Board Member

Terry Gold

Managing Director

Kirstin Hunter

Managing Director

Raphaele Leyendecker

Managing Director

Bob Moczydlowsky

Managing Director

Bruno Morency

Managing Director

Zach Nies

Managing Director

Hilla Ovil-Brenner

Managing Director

Julie Penner

Program Director

Neal Sales-Griffin

Managing Director

Martin Schilling

Managing Director

Sunil Sharma

Managing Director

KJ Singh

Managing Director

Oyin Solebo

Managing Director

Vijay Tirathrai

Managing Director

Kartik Varma

Managing Director

Jenna Walker

Managing Director

Anne Wellington

Managing Director

Past deals in Egypt

Elmetr inc. (500 startups portfolio company)

Seed Round in 2023
Elmetr Inc. operates an online legal platform aimed at connecting users in Egypt and the Middle East with suitable lawyers for various legal needs, including family law, commercial law, criminal law, and administrative judiciary matters. By providing a comprehensive lead-generation hub for legal professionals, Elmetr enhances transparency in legal case handling and facilitates improved client reviews. The platform features detailed lawyer profiles, enabling better specialization and sub-specialization within the legal field. Additionally, it streamlines case management, billing, and client interactions, ultimately increasing the reach of law offices and elevating the quality of legal services available to clients.

Glamera

Seed Round in 2021
Glamera is a mobile application company based in Nasr City, Egypt, specializing in booking and payment solutions for health and beauty services tailored for Arab women. Founded in 2019, Glamera's application allows users to choose their location and desired service, schedule appointments, select payment methods, and confirm bookings for a variety of offerings, including hair care, skincare, nails, and makeup services. Additionally, Glamera provides a B2B2C SaaS platform that empowers beauty salons, spas, gyms, and barbershops to enhance their operations by optimizing sales, bookings, marketing, inventory, and human resources. The company also offers a white-label service, enabling service providers to create their own websites for pre-booking.

Dopay

Convertible Note in 2019
Dopay is a provider of cloud-based payroll and cash management services aimed at addressing the challenges faced by companies with unbanked employees. With an estimated 2 billion people worldwide lacking bank accounts, many employers are burdened with managing large amounts of cash. Dopay offers a solution by enabling electronic salary calculations and payments through its platform, which includes a payment account for employees. This allows workers to receive their salaries via a DoPay card and app, facilitating a full banking experience. The company is currently collaborating with Barclays to deliver payroll services to various multinationals, embassies, and local businesses in Egypt, with plans to expand into other regions with significant unbanked populations.

Dopay

Seed Round in 2016
Dopay is a provider of cloud-based payroll and cash management services aimed at addressing the challenges faced by companies with unbanked employees. With an estimated 2 billion people worldwide lacking bank accounts, many employers are burdened with managing large amounts of cash. Dopay offers a solution by enabling electronic salary calculations and payments through its platform, which includes a payment account for employees. This allows workers to receive their salaries via a DoPay card and app, facilitating a full banking experience. The company is currently collaborating with Barclays to deliver payroll services to various multinationals, embassies, and local businesses in Egypt, with plans to expand into other regions with significant unbanked populations.

Dopay

Seed Round in 2015
Dopay is a provider of cloud-based payroll and cash management services aimed at addressing the challenges faced by companies with unbanked employees. With an estimated 2 billion people worldwide lacking bank accounts, many employers are burdened with managing large amounts of cash. Dopay offers a solution by enabling electronic salary calculations and payments through its platform, which includes a payment account for employees. This allows workers to receive their salaries via a DoPay card and app, facilitating a full banking experience. The company is currently collaborating with Barclays to deliver payroll services to various multinationals, embassies, and local businesses in Egypt, with plans to expand into other regions with significant unbanked populations.

Dopay

Seed Round in 2014
Dopay is a provider of cloud-based payroll and cash management services aimed at addressing the challenges faced by companies with unbanked employees. With an estimated 2 billion people worldwide lacking bank accounts, many employers are burdened with managing large amounts of cash. Dopay offers a solution by enabling electronic salary calculations and payments through its platform, which includes a payment account for employees. This allows workers to receive their salaries via a DoPay card and app, facilitating a full banking experience. The company is currently collaborating with Barclays to deliver payroll services to various multinationals, embassies, and local businesses in Egypt, with plans to expand into other regions with significant unbanked populations.
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