Venture capital firm
Beltone Venture Capital
Beltone Venture Capital is the early-stage investment arm of Beltone Holding, a leading financial services provider in the MENA region. Established in the first quarter of 2023 and based in Cairo, Egypt, the firm provides sustainable funding and strategic support for high-growth, technology-driven startups with regional ambitions. Its investment strategy is disciplined and data-driven, focusing on taking early leadership roles alongside founders to stimulate digital transformation across emerging markets. As part of its broader mandate, the firm also provides venture debt financing and consulting services for external funds, aiming to maximize long-term shareholder value through profitable exits typically targeted within a three-to-five-year timeframe.
Investment focus
- Sectors
- Financial servicesConsumerTechnologyManufacturing and industrialsAgriculture and foodHealthcare
- Stages and strategies
- Pre-seedSeedSeries ASeries B+
- Instruments
- EquityDebt
- Regions
- Pan-African, Middle East
- African markets named in public materials
- Egypt
Funds managed
Selected portfolio and direct investments
- Ariika
- Baobab S.A.S
- Hive Tech Solutions B.V.
- Lychee Egypt
- Yakeey Inc.
Recent investments and transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 28 Jun 2026 | Beltone Venture Capital increases investment in Lychee | Venture Capital | Undisclosed | Egypt |
| 28 Jun 2026 | Beltone Venture Capital increases investment in Ariika | Venture Capital | Undisclosed | Egypt |
| 10 Feb 2026 | Beltone Holdings' Acquisition of Baobab Group's Operations in Africa for EUR 197.6 million | Private Equity, Venture Capital | $235.2m | Democratic Republic of the Congo |
| 28 Jan 2026 | Beltone Venture Capital and Partners' Investment in Yakeey's Operations in Morocco for USD 15 million | Venture Capital | $15m | Morocco |
| 23 Nov 2025 | Enza Capital, A15, and Beltone Venture Capital, Acasia Ventures and Angel Investors' seed investment into Bluworks' operations in Egypt for USD 1 million | Venture Capital | $1m | Egypt |
Sources
- Partner Researchers, accessed 14 November 2026