Funded Startups in Al Qahirah
Al Qahirah governorate — with virtually all activity concentrated in Cairo — produced at least 50 tracked funding rounds between August 2023 and July 2025.
Al Qahirah governorate — with virtually all activity concentrated in Cairo — produced at least 50 tracked funding rounds between August 2023 and July 2025. Financial Services is the dominant vertical: companies like Thndr ($16M, May 2025), Money Fellows ($13M Series C, May 2025), enza ($7M Seed, March 2025), and MNZL ($4M Seed, May 2024) represent a dense cluster of fintech activity ranging from investment platforms to embedded finance. The two largest disclosed rounds, however, sit outside fintech: NERIC raised $99M in Transportation (December 2024) and Cheiron closed $75M in Energy (February 2025), signaling that infrastructure-adjacent sectors are also drawing significant capital.
Stage distribution skews early — Seed and Pre-Seed rounds make up the majority of named stages — but later-stage activity is present. Khazna closed a $16M Series B in February 2025, and Money Fellows reached Series C the following quarter. Sixteen of the fifty rounds closed in the first seven months of 2025, with deal flow distributed across Commerce and Shopping (Rabbit mart, Grinta, Mrkoon), AI (Qme solutions, intella, Tatbeek), and Apps (ElGameya, Zeal, Lucky), reflecting a broad-based startup ecosystem rather than single-sector concentration.
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Frequently asked
What are the largest disclosed funding rounds among Al Qahirah startups in this dataset?
The largest disclosed rounds are NERIC at $99M (Transportation, December 2024) and Cheiron at $75M (Energy, February 2025). Behind them sit Thndr and Khazna, each at $16M in the first half of 2025, and Money Fellows at $13M in May 2025.
Which sectors attract the most funding activity in Al Qahirah?
Financial Services is the dominant sector, accounting for at least 12 of the 50 companies shown — including Thndr, Money Fellows, enza, Kredit, MNZL, and DigiMaaya. Apps (Khazna, Zeal, Bekia, Lucky) and Commerce and Shopping (Rabbit mart, Grinta, Sylndr, Mrkoon) are the next most active clusters.
What funding stages are most common in this Al Qahirah dataset?
Seed is the most represented named stage, with roughly 15 companies at that level. Pre-Seed accounts for around 8 companies, while only three companies — Khazna (Series B), Money Fellows (Series C), and ariika (Series A) — have closed later-stage rounds. A significant share of rounds are logged as Series Unknown, reflecting incomplete public disclosure common in the Egyptian market.
How has deal pace in Al Qahirah trended across the period shown?
The 50 rows span August 2023 through July 2025. Sixteen rounds closed in the first half of 2025 alone (January through July), compared to 23 across all of 2024 and 11 in the partial-year window of mid-to-late 2023 — suggesting sustained, if not accelerating, deal flow into 2025.
Are Al Qahirah startups concentrated in one part of the governorate?
The overwhelming majority list Cairo as their city. Three exceptions appear: EFreshli in Zamalek, MNZL in Heliopolis, and Meta Egypt in Nasr City — all established urban districts within the greater Cairo metropolitan area.
Which Al Qahirah companies have raised multiple or notably large rounds recently?
Money Fellows reached Series C in May 2025 ($13M), indicating prior institutional backing across earlier rounds. Thndr ($16M, May 2025) and Khazna ($16M Series B, February 2025) represent the largest fintech rounds in 2025 within the dataset, while NERIC ($99M, December 2024) stands out as the single largest disclosed raise across the full period shown.
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