–
- Sequence Ventures seeks to launch their USD 50 million “Africa Deep Tech” fund by 2026.
- The firm aims to close its EGP 500 million “SV Deep Tech Investment” fund by the end of Q1 this year.
- The venture capital firm focuses on deep-tech companies in sectors such as healthcare, education, agriculture, logistics and climate.
Africa Deep Tech
The Egyptian deeptech investment firm Sequence Ventures, seeks to launch their USD 50 million “Africa Deep Tech” fund by 2026. The fund intends to invest in emerging technology companies in Africa.
Seif Zoghbi, Managing Director of Sequence Ventures, states that the firm expects to close its “SV Deep Tech Investment” fund valuing at EGP 500 million by the end of Q1 this year. Additionally, the amount is expected to be invested across an estimated 20 deals over the next two years. The fund will involve local banks, financial institutions and private sector companies.
Deep-Tech
Sequence Ventures is an early stage deep tech venture capital firm focusing on deeptech companies in sectors such as healthcare, education, agriculture, logistics and climate. Furthermore, they target companies working on the development of AI technologies, robotics, advanced materials, synthetic biology, future computing, and renewable energy.
At a time when venture capital funding is down in the region, Sequence Ventures aims to support startups building the next wave of transformational technologies.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.