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Since 2021, EQ2 Ventures has backed 3 African startups across 4 disclosed funding rounds totaling $23M, most heavily in Kenya and E-commerce & Retail.
EQ2 Ventures is a Dubai-based evergreen venture capital firm investing in Seed to Series A startups across MENA and Africa. It originated as a spin-off from Equitrust, the corporate VC arm of Choueiri Group launched in 2015, and has operated independently since 2020 with decisions screened by an independent Investment Committee. The firm has actively backed African startups from May 2021 to August 2024, participating in four funding rounds totaling $23.0M. It focuses on Seed stage (three investments) and Series A (one investment), with geographic preferences in Kenya, Côte d'Ivoire, and Egypt. Sectors include Marketing & CRM, Fintech, and E-commerce & Retail, with portfolio companies such as Flowcart (Kenya), Julaya (Côte d'Ivoire), and Homzmart (Egypt). EQ2 Ventures has co-invested alongside partners like CRE Venture Capital, Musha Ventures, and Quona Capital, supporting founders addressing opportunities in emerging markets.
Data updated · Jul 29, 2026
EQ2 Ventures has backed 3 African startups across 4 disclosed funding rounds tracked on Liners, totaling $23M since 2021.
Mostly Seed: 3 of its 4 tracked rounds are at that stage, followed by Series A (1).
EQ2 Ventures's tracked rounds are concentrated in Kenya (2), Côte d'Ivoire (1), Egypt (1).
Its tracked rounds lean toward E-commerce & Retail (3), Fintech (1).
EQ2 Ventures most often shares rounds with CRE Venture Capital (2 shared deals), Musha Ventures (1 shared deal), Accion (1 shared deal).
EQ2 Ventures has backed Flowcart (Kenya, Marketing & CRM), Julaya (Côte d'Ivoire, Fintech), and Homzmart (Egypt, E-commerce & Retail). These investments span Seed and Series A rounds.
EQ2 Ventures is based in Dubai, United Arab Emirates. It operates as an evergreen venture capital firm targeting MENA and Africa.