In a major step forward for Egypt’s startup ecosystem, the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), backed by the World Bank, has announced a new initiative to standardize venture capital (VC) reporting. The aim? To increase transparency, streamline portfolio data, and make Egypt more appealing to international investors.
A First for Egypt’s VC Landscape
This is one of the first ecosystem-wide efforts in Egypt to create a unified reporting framework for VCs and startups. The program brings together a powerhouse coalition of venture firms, including:
- Foundation Ventures (the initiative’s lead)
- Algebra Ventures
- Sawari Ventures
- Shorooq Partners
- Endure Capital
- Camel Ventures
- Climate Resilient Africa Fund
- DenVC
- DisrupTech Ventures
- LoftyInc Capital
Together, these firms are partnering with Visible.vc, a global portfolio management platform chosen through a competitive review process.
Why is this initiative so important for Egypt?
Currently, every VC in the market has its own reporting format and schedule. That means startups often waste time producing different reports for different investors. This lack of standardization also causes issues for VCs, who struggle to analyze scattered and inconsistent data.
The new system aims to solve this by:
- ✅ Standardizing metrics used across the ecosystem
- ✅ Unifying reporting formats for better clarity
- ✅ Improving accuracy and availability of startup performance data
- ✅ Reducing time and effort required from startup founders
- ✅ Creating a more transparent environment for international investors
Benefits for the Entire Ecosystem
For founders, this change means less time spent on manual reporting and more time focused on growing their businesses. For investors, it creates a consistent and reliable data flow that makes it easier to assess risk and opportunity.
Mazen Nadim, Managing Partner at Foundation Ventures, summed it up well:
“We are excited about enhancing Egypt’s investment attractiveness by providing the necessary transparency to encourage foreign direct investment — and give startups better access to capital.”
What’s Next?
Visible.vc is now co-developing the rollout plan alongside Egyptian VCs to ensure it fits the local context. The rollout is expected to complete by the end of Q2 2025.
The first ecosystem-wide report will be published one year after the rollout, offering a clear picture of Egypt’s startup landscape backed by standardized, high-quality data.
The Bottom Line
This initiative is more than just a tech upgrade, it’s a bold step towards turning Egypt into a VC-friendly hub. By aligning investor expectations and startup reporting, the country is laying down a smarter foundation for long-term innovation and foreign capital inflow.