Riyadh - Sharikat Mubasher: Edafa Venture Capital, a pioneering Saudi-Egyptian investment company, plans to invest more than $30 million in the Egyptian market throughout the next three years, CEO Essam Ali revealed.
In a press conference held on the sidelines of Edafa’s StartupSync event, Ali stated that the company targets injecting $13 million into the Egyptian market in 2025.
He noted that Edafa Venture Capital has acquired 21 companies since it launched operations in Egypt, with plans to acquire 10 to 12 companies before the end of 2024.
The CEO further said that the company received acquisition requests from around 1,200 companies.
Ali elaborated that Edafa Venture Capital further acquired 35 companies in the Saudi market so far and aspires to expand its operations into Morocco and Kenya in 2025.
Edafa Venture Capital held StartupSync to unite Egypt’s entrepreneurial talent with the dynamic opportunities of the Saudi market, gathering top industry leaders. The event aimed to exchange transformative ideas and unlock strategies to help entrepreneurs grow their businesses.
Moreover, Edafa Venture Capital supports startups of all sizes in their early stages, offering comprehensive feasibility studies and strategic consulting in areas like planning, product development, marketing, and network building.
