Beltone Venture Capital Plans EGP Fund and 3 Deals

In Short

Beltone Venture Capital is preparing three new Egypt startup investments worth around USD 1 million. It is also working on an EGP-denominated startup fund targeted for launch by Q1 2027.

What Happened

Beltone Venture Capital said it expects to close three new investments over the next two to three months. The targets are Egyptian startups across fintech, proptech, and consumer finance. Two deals are at pre-seed, which is the earliest stage when a startup is still proving the basics. One deal is at a more advanced operating stage.

The firm said recent exits are helping fund new bets. An exit is when an investor sells its stake, usually through an acquisition or secondary sale, and returns capital to the fund. Beltone VC said it has completed five exits since launch and is redeploying proceeds into new startups. It also said it is at final signing on what it described as a “big exit” in Egypt.

Regionally, the firm pointed to its exit from Morocco’s logistics platform Cathedis, which it said delivered a 100% IRR. IRR is a way to estimate annualised investment returns. It also said another Morocco holding could be acquired in a deal that would return roughly 3x the original investment in under 18 months.

Beltone VC also clarified its position in Bosta. It said it has not fully exited the delivery company and still holds a direct stake of around 5%. The previously reported exit covered other investors’ stakes, not Beltone’s entire holding.

Why It Matters

An EGP-denominated fund can reduce FX pressure for Egyptian startups, since many costs and revenues are in local currency. It can also widen the pool of local investors who prefer EGP exposure.

The update also signals how some Egypt-based VCs are using exit proceeds to keep deploying, even as fundraising cycles stay uneven. If Beltone follows through on sector sub-funds, it could create more specialised capital for early-stage founders in Egypt through 2027.