DPI Closes Nclude Fund at Over $112 Million
DPI Venture Capital has closed the Nclude fund at over $112 million, after investing in 15 companies, including Nawy, Paymob, and Money Fellows.
DPI Venture Capital announced the final closing of the Nclude fund at over $112 million, according to Wamda.
The fund invests between $500,000 and $10 million per company, starting from the seed stage up to Series C funding rounds.
To date, the fund has invested in 15 companies, including Nawy, Paymob, Money Fellows, and FlapKap, with 30% of its investment mandate allocated to opportunities outside Egypt.
DPI Venture Capital manages around $4 billion in assets and co-investments, giving the new fund the capacity to support startups in advanced stages.
What do these terms mean?
Venture Capital: Funding injected into high-growth startups in exchange for an equity stake.
Funding Round: A stage in which a venture raises money from investors to expand its operations.
Series C: A relatively late-stage funding round that usually precedes an initial public offering or acquisition.
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