Egypt’s Endure Capital Closes First Round Of USD 50 Mn Fund

Egypt-based Endure Capital has completed the first close of its new USD 50 Mn fund to invest in early-stage startups across Africa. The limited partners who have invested in the fund include British International Investment (BII), and Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA). Endure 21 is Endure Capital’s second early-stage VC fund that will focus its investments on impact-driven startups in Africa, with a selective approach to investing in growth-stage startups globally.