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Founded to bolster the Egyptian economy, 138 Pyramids is a development finance initiative that focuses on enhancing the startup ecosystem in Egypt. The organization aims to create new companies, known as "Pyramids," which contribute to sustainable economic growth. By targeting the small and medium enterprise (SME) sector, 138 Pyramids plays a crucial role in fostering entrepreneurship and innovation in the region.
Currently, 138 Pyramids operates with a dedicated team focused on early-stage investments, primarily in North Africa. The firm emphasizes the importance of providing not just capital but also strategic support to help startups navigate the challenges of growth. This dual approach positions 138 Pyramids as a key player in the development of Egypt's economic landscape.
138 Pyramids invests in early-stage, high-impact businesses across various sectors, including fintech, healthcare, consumer, and commerce. The organization specifically targets companies that can create significant employment opportunities, reflecting its commitment to economic development in Egypt. Investments are made at the pre-seed, seed, and seed-plus stages, with a focus on acquiring minority stakes to accelerate growth.
In addition to providing funding, 138 Pyramids offers a range of complementary services designed to support SMEs. These services include strategic and financial planning, corporate governance guidance, HR advice, and connections to accounting experts. This comprehensive support structure helps startups overcome the barriers they face in securing traditional bank loans, enabling them to thrive in a competitive market.
While specific portfolio companies are not detailed in the provided data, 138 Pyramids is known for investing in a diverse range of early-stage businesses that align with its focus on high-impact sectors. The firm emphasizes supporting SMEs that contribute to job creation and economic sustainability in Egypt. By fostering the growth of these companies, 138 Pyramids aims to enhance the overall health of the Egyptian economy.
Investors and founders interested in the firm can expect a commitment to nurturing businesses that have the potential for significant impact, particularly in the fintech, healthcare, consumer, and commerce sectors.
To pitch to 138 Pyramids, founders should submit their applications through the official website at 138pyramids.com. A detailed deck that outlines the business model, market opportunity, and potential for job creation is essential. Response times may vary, so patience is advised after submission.
What are the investment criteria for 138 Pyramids?
138 Pyramids focuses on early-stage, high-impact businesses in sectors such as fintech, healthcare, consumer, and commerce. The organization seeks companies that can create significant employment opportunities and often invests in SMEs that struggle to secure traditional bank loans.
How can I pitch to 138 Pyramids?
Interested parties can apply through the organization's website at 138pyramids.com. It is advisable to include a detailed business plan that outlines the potential for job creation and economic impact.
What makes 138 Pyramids different from other investors?
138 Pyramids not only provides funding but also offers complementary services such as strategic planning, corporate governance guidance, and HR advice. This holistic approach supports startups in overcoming challenges and accelerating growth.
What is the geographic focus of 138 Pyramids?
The firm primarily invests in North Africa, with a strong emphasis on the Egyptian market. This focus allows them to tailor their support to the unique challenges and opportunities present in the region.
What is the typical check size for investments?
While specific check sizes are not disclosed, 138 Pyramids targets early-stage investments, which typically range from pre-seed to seed-plus funding rounds.
What kind of post-investment support does 138 Pyramids provide?
Post-investment, 138 Pyramids offers ongoing support through strategic and financial planning, governance advice, and connections to industry experts, ensuring that portfolio companies have the resources they need to succeed.
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