Ideavelopers

Ideavelopers is a venture capital firm that helps innovative startups become great companies. As a subsidiary of EFG-Hermes Private Equity, it manages the Technology Development Fund, focusing on early-stage technology companies. The firm has invested over $25 million in 17 companies operating inside and outside Egypt.

The firm's investment strategy emphasizes providing risk capital, strategic advice, and industry access to startups with strong teams and differentiated offerings targeting sizable markets. Ideavelopers has invested in various sectors, including technology, financial services, e-commerce, health tech, ed tech, mobility, transport, and logistics.

Notable investments include Offerna, Egypt's first group buying site, and Nefsak.com, an e-commerce platform. These investments reflect Ideavelopers' commitment to fostering the growth of innovative startups in Egypt and the broader region.