Egypt-based venture capital firm Averroes Ventures is preparing to launch a new USD 50 million fund aimed at startups turning waste into valuable products across the Middle East and North Africa. The move signals a growing investor appetite for companies strengthening local supply chains and resource efficiency in the region.
Quick Facts
- Fund Target: USD 50 million
- Investment Focus: Waste-to-value startups in MENA
- Target Close: Q3 2026
A Bet on Regional Supply Chains
The new fund will direct capital towards startups operating in waste recycling, industry, agriculture, and energy. According to Dr. Ahmed A. Alsharif, Founding Partner and CEO of Averroes Ventures, the strategy is designed to back companies that can reduce the region’s reliance on imports and better withstand global supply chain disruptions.
This focus aligns with a broader shift in investor interest toward startups building domestic industrial and infrastructural capacity, particularly at the intersection of sustainability and manufacturing.
Securing a Mix of Backers
Averroes Ventures plans to raise the capital from a combination of international investors, development finance institutions, and local banks. The firm is working towards a final close for the fund in the third quarter of 2026.
This approach aims to bring together different pools of capital to support a new generation of industrial and circular economy businesses across MENA.
Building on an Existing Track Record
Founded in 2017, Averroes Ventures is an active seed and early-stage investor. The firm currently manages a portfolio of investments valued at approximately USD 10 million.
Its portfolio includes investments in companies like the scientific research platform Nawah and warehousing startup Khaznly. The VC has also successfully exited its investments in food-tech company Breadfast and logistics platform Trella.
Tapping into a Sector-Specific Trend
The fund’s launch highlights a growing trend of sector-specific investment vehicles in the region. VCs are increasingly looking beyond fintech and e-commerce to target industries tied to real economy activity, such as manufacturing, agriculture, and energy.
This could open up new funding pipelines for startups in waste management and circular economy models, sectors that have historically attracted less venture capital.
About Averroes Ventures
Averroes Ventures is an Egypt-based seed and early-stage venture capital firm founded in 2017. The firm invests in startups across the industrial, agricultural, and energy sectors, with a particular focus on waste recycling and circular economy models in the Middle East and North Africa.
Source: Waya
