Glint Fund II Completes Initial Close At USD 3 M

Glint, an Egyptian prominent boutique consulting and investment  firm, today announced the first close of its second venture fund. With an initial close of USD 3 M, anchored by Wadi Degla Group, Glint’s new fund will focus on supporting startups through  its proprietary venture studio model.

Glint Fund II seeks to support innovative entrepreneurs to  build disruptive, tech-based Egyptian companies with the capability and mandate, to penetrate  the regional and international markets and aims to invest between the Seed and Series A stages  with tickets ranging from USD 250 K to USD 500 K. 

Founded in 2018 by Tarek Aboualam and Youssef Helmy, Glint has supported several startups in Egypt, including Darwinz.ai, Iqraaly, Wasla, Kashier and Filkhedma. Glint’s Venture Studio model is  designed to provide much more than just capital, it provides an integrated platform offering  business, operational and technical support as well as access to the regional market. The fund focuses on digital and disruptive industries,  planning to make significant inroads into AI, fintech, and other cutting-edge technologies.