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Since 2022, Nclude has backed 4 African startups across 6 disclosed funding rounds totaling $145.1M, most heavily in Egypt and Fintech.
Nclude is a venture capital firm focused on fintech innovation, headquartered in Cairo, Egypt. It was launched in 2022 as a specialist fund to back technology companies that advance financial services and inclusion in Egypt and the wider region. Within Africa, Nclude invests from seed through Series A, with activity also recorded in later venture rounds. The firm has participated in four funding rounds between March 2022 and May 2025, deploying a total of 107.5 million US dollars. Its African portfolio, based on confirmed data, is concentrated in Egypt and includes Nawy, Khazna, and Partment. These investments reflect a focus on real estate and property technology and fintech, including earned wage access, bill payments, and digital platforms for property discovery, financing, and co ownership. Nclude frequently invests alongside other venture capital firms and institutional investors. Documented co investors in its African deals include Quona Capital, Speedinvest, Endeavor Catalyst, Partech, e& capital, Disruptech Ventures, ICU Ventures, Aljazira Capital, and others, highlighting its role in syndicated rounds with regional and international partners.
Data updated · Aug 6, 2026
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Nclude has backed 4 African startups across 6 disclosed funding rounds tracked on Liners, totaling $145.1M since 2022.
Mostly Series A: 2 of its 6 tracked rounds are at that stage, followed by Seed (2).
Nclude's tracked rounds are concentrated in Egypt (6).
Its tracked rounds lean toward Fintech (4), Real Estate & Property (2).
Nclude most often shares rounds with Outliers Venture Capital (2 shared deals), Quona Capital (2 shared deals), Speedinvest (2 shared deals).
Nclude is a venture capital firm based in Cairo, Egypt, established in 2022 to invest in technology companies that drive fintech innovation and financial services. It focuses on backing startups that operate in or are connected to the Egyptian market.
Confirmed African portfolio companies backed by Nclude include Nawy, Khazna, and Partment. Nawy offers an online platform to find, finance, and buy property in Egypt, Khazna provides access to earned salary and bill payments from one app, and Partment enables co ownership of premium second homes at a fraction of the cost.