*Data updated daily at 18:00 EAT
GIZ Egypt, in collaboration with the Egyptian Micro Small and Medium Enterprises Development Agency (MSMEDA), Endure Finance, and Changelabs, has launched a USD 120 Mn funding initiative called ‘VC University’ aimed at first-time venture capital (VC) funds.
The year-long program will provide mentorship to aspiring fund managers and access to various LPs from around the world and educate early-stage fund managers on how to raise capital and navigate challenges.
The VC University program is open to funds based in Egypt and those based elsewhere in MENA who have a strong mandate to invest in Egyptian startups. It looks to onboard three to four fund managers, who will receive USD 30-36 Mn each.