Karim Helal, Chairperson of Sequence Ventures, has said that his company is in the process of implementing two new deals in January, in addition to a deal executed last week to invest in Aim Technology.
Helal revealed that the venture capital fund launched by his company under the name “Deep Tech” aims to invest in 30 deals within a year and a half, with a total value of EGP 150m.
The Sequence Fund plans to invest in Egyptian start-ups in the fields of health technology, financial technology, educational technology, logistics, and advanced information technology programs. Helal revealed that the fund aims to raise funds worth EGP 100-150m in its first financial closure, which is expected to take place before the end of the first quarter of 2022.
Helal added that financing new technological applications obtained a large share of the investors’ portfolio over the past few months.
Sequence Ventures has established strategic alliances with 45 venture capital and accelerator companies in four major regions including the United Kingdom, Germany, the Netherlands and Russia.