Egypt's Nclude Fintech Fund Closes at $112 Million Under DPI Venture Capital
Egypt's Nclude fund has reached a $112 million final close under DPI Venture Capital, representing one of Africa's largest fintech-focused venture capital fund closes to date. The close positions the fund to deploy capital into financial technology companies across the Egyptian market and potentially broader North Africa.
Nclude's Final Close: Egypt just showed what a regional springboard actually looks like
The $112 million number matters less than the architecture behind it.
Nclude can deploy up to 30 per cent of its capital outside Egypt — meaning the country isn't just a market, it's a launchpad. A seed-to-Series-C fund writing cheques from $500,000 to $10 million, anchored in Cairo but with a live regional mandate, is a structure most North African startups have never had access to before.
For a founder building in Egypt with eyes on the Gulf or East Africa, that combination — patient local capital, a manager with regional reach — is the gap this closes.
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- Egypt’s Nclude fund hits US$112m final close under DPI Venture Capital · disruptafrica.com · T1