Beltone Venture Capital is the venture capital arm of Beltone Holding, a leading financial services provider in the MENA region. It focuses on early-stage tech and tech-enabled startups, particularly in Egypt with regional ambitions. Led by Ali Mokhtar as chief executive and managing partner, it forms part of Beltone's broader investment offerings, including private equity for growth-stage firms. Beltone Venture Capital has been active from September 2023 to April 2025, investing a total of $7.7 million across three funding rounds in Egypt-based companies. It targets venture (round not specified) stages in two cases and seed in one, with a focus on e-commerce and retail (two investments) and health tech (one investment). The firm backed Rabbit for quick grocery delivery, Taager for e-commerce fulfillment, and Sehatech for health insurance automation. It has co-invested alongside prominent firms such as Raed Ventures, Goodwater Capital, and Global Founders Capital, supporting its portfolio companies' growth.
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