Fund profile / Egypt

Foundation Ventures (II)

Geography: Egypt
Stage: Pre-Seed
Fund size: $25M
Focus: SaaS
Signals: Published

N°01 / About

About Foundation Ventures (II)

Foundation Ventures (II) is a venture capital firm based in Egypt, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in SaaS, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionEgypt

Funding StagePre-Seed

Industry Focus

SaaS

Investor Signals Profile

active

Sweet Spot

First-check MEA founder building tech-first category leader

MEA/MENA focus

early-stage

logistics & commerce

edtech

fintech

retail

proptech

Bullish Signals

Portfolio: Flextock, Abwaab, NowPay, Rabbit, Sakneenexternal

First-check backer, widest country accessexternal

Multi-sector MEA coverage: 5+ verticalsexternal

Covers logistics, edtech, fintech, retail, proptechwebsite

Multiples-focused value per dollar investedwebsite

Flextock: Egypt's first E2E digital fulfilmentwebsite

Rabbit: dark store network, minutes deliverywebsite

Sakneen: redefining developer sales journey regionallywebsite

Abwaab: MENA edtech supplementary content pioneerwebsite

NowPay: wage access financial wellness leaderwebsite

Back people building industry-defining companieswebsite

Largest access across the countrywebsite

Financial wellness, wage access empowerment focuswebsite

Tech-first retail network with dark storeswebsite

Contrarian Signals

No GP info publicly disclosedexternal

Egypt-heavy portfolio concentrationexternal

All 5 portfolio companies Egypt-basedwebsite

MENA claim vs Egypt-only executionwebsite

Founder Do's

Build industry-defining, category-creating companies

Target MEA/MENA market

Show clear sector: logistics, edtech, fintech, proptech, retail

Seek first institutional backer

Demonstrate tech-first approach to regional distribution

Founder Don'ts

Don't pitch outside MEA/MENA geography

Don't come post-Series B or later

Don't ignore regional distribution angle

26 signals on Foundation Ventures (II)

14 bullish · 4 contrarian · 5 pitch do's · 3 don'ts, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$25M

Saves0

Website

People

Key People

Mazen Nadim

N°04 / See also

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