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.

Hyder Alabed

Program Director

Ethan Austin

Director

Sarah Bain

Managing Director

Ravid Chowdhury

Investment Manager

Saalim Chowdhury

Managing Director

Andrew Cleland

Chief Investment Officer

Todd Deacon

Managing Director

Maelle Gavet

CEO and Board Member

Kirstin Hunter

Managing Director

Matt Kozlov

Managing Director

Scott Kraege

Managing Director

Ryan Kuder

Founder and Managing Director, Techstars Anywhere Accelerator

Kerty Levy

Managing Director

Raphaele Leyendecker

Managing Director

Bob Moczydlowsky

Managing Director and Founder, Techstars Music

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

KJ Singh

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 that facilitates the booking and payment for health and beauty services catering specifically to Arab women. Launched in 2019 and based in Nasr City, Egypt, the platform allows users to select their preferred location and service, schedule appointments, and choose payment methods for a range of offerings, including hair care, skincare, nails, and makeup. In addition to serving individual consumers, Glamera operates as a B2B2C SaaS platform that empowers beauty salons, spas, gyms, and barbershops by optimizing their sales, booking processes, marketing, inventory management, and human resources. Furthermore, the platform provides a white label service, enabling service providers to create customized websites for pre-booking their services. Glamera also features Glamera Pay, a SoftPOS solution for seamless transactions.

Dopay

Convertible Note in 2019
dopay offers a cloud-based payroll service designed to facilitate electronic salary payments for employers, particularly targeting unbanked and financially underserved populations. With approximately 2 billion individuals globally lacking bank accounts, many companies face challenges managing cash for their employees and customers. dopay addresses this issue by providing a payroll and cash management solution that includes a prepaid card and a mobile app, giving employees access to essential banking services. The company has partnered 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 offers a cloud-based payroll service designed to facilitate electronic salary payments for employers, particularly targeting unbanked and financially underserved populations. With approximately 2 billion individuals globally lacking bank accounts, many companies face challenges managing cash for their employees and customers. dopay addresses this issue by providing a payroll and cash management solution that includes a prepaid card and a mobile app, giving employees access to essential banking services. The company has partnered 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 offers a cloud-based payroll service designed to facilitate electronic salary payments for employers, particularly targeting unbanked and financially underserved populations. With approximately 2 billion individuals globally lacking bank accounts, many companies face challenges managing cash for their employees and customers. dopay addresses this issue by providing a payroll and cash management solution that includes a prepaid card and a mobile app, giving employees access to essential banking services. The company has partnered 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 offers a cloud-based payroll service designed to facilitate electronic salary payments for employers, particularly targeting unbanked and financially underserved populations. With approximately 2 billion individuals globally lacking bank accounts, many companies face challenges managing cash for their employees and customers. dopay addresses this issue by providing a payroll and cash management solution that includes a prepaid card and a mobile app, giving employees access to essential banking services. The company has partnered 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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