• Egypt-based investment firm Glint has completed the first close of its second venture fund at $3 million, supported by Wadi Degla Group.
• Glint Fund II will empower Egyptian entrepreneurs with investment opportunities in the early stages, with tickets ranging from $250,000 to $500,000. 

• Glint Fund II is led by Tarek Aboualam and Youssef Helmy Habib. Glint has previously supported several startups in Egypt, including Darwinz.ai, Iqraaly, Wasla, Kashier and Filkhedma. 

Press release:

Glint, Egypt’s prominent boutique consulting and investment  firm, today announced the first close of its second venture fund. With an initial close of $3 million, 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 $250K to $500K. Since its establishment 6 years ago, Glint has helped build many bright businesses like Darwinz.ai, Iqraaly, Wasla, Kashier and Filkhedma. 

"Glint's second fund represents an important step to further develop our ecosystem designed to  support Egyptian tech-based startups looking to penetrate the regional and international markets," said Tarek Aboualam, managing partner at Glint, adding: "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. We are  thrilled to start working with our new LPs as well as continue working with our returning  investors. 

"Investing in startups that redefine and disrupt markets is more than just financial input; it’s  about building a foundation for continuous innovation and significant regional growth," added  Youssef Helmy, General Partner at Glint. “The fund focuses on digital and disruptive industries,  planning to make significant inroads into AI, fintech, and other cutting-edge technologies.”