Cairo – Sharikat Mubasher: Hazem Al-Tawab, CEO of ReNile a company specializing in agriculture technology, announced the closure of the company’s first investment round, raising an 8-digit figure in local currency.

According to the CEO’s announced on social media, the round was led by Ahmed Abdelhamid, Founder of Keheilan Fund, a specialized deep-tech investment fund focused on expanding beyond Egypt.

Al-Tawab expressed his gratitude for the support the company received from the Keheilan Fund, noting that Ahmed Abdulhamid was one of the first investors to recognize the strategic value the company offers and the importance of technology in advancing national industries.

He also highlighted that ReNile’s participation in the "Shark Tank" TV Show played a key role in driving demand for the company’s products, opening new avenues for growth and global expansion.

Building on this success, the company is now preparing to launch a new investment round, supported by its advisory board and several entrepreneurship experts, including advisor Mohamed Abu El-Naga, one of the leading figures supporting startups in Egypt and the region.

Al-Tawab confirmed that this new investment round will accelerate the company’s expansion plans outside Egypt and solidify its position as a leader in the deep technology sector.