Egypt-based investment firm Exits Mena plans to launch three new funds in 2027, targeting artificial intelligence, exports and real estate, according to comments by Chairman Mohamed Abou El Naga Nagaty.
The plans follow the company’s recent acquisition of Avance Capital, which Nagaty described as one of the largest fund-of-funds firms in Egypt and Africa. The deal is intended to strengthen Exits Mena’s investment and fund management capabilities.
Nagaty also said he makes angel investments ranging from $10,000 to $50,000 per startup and is involved in a $35M fintech fund. His startup portfolio includes Breadfast, Sukna, SwipEx, Tactful AI, Gameball and Talam. He added that he had participated in the growth journeys of three companies that later reached unicorn status.
Discussing startup funding, Nagaty said Africa attracts around 0.6% of global venture capital, while roughly 80% of current funding is directed toward AI companies. He cited valuation pressures, distribution challenges and high staffing levels among the issues facing African startups.
He said investment decisions depend heavily on founder capability, market understanding, team strength and a company’s operational readiness. Nagaty also stressed that startups need the internal capacity to use funding effectively, arguing that gradual growth and stronger institutional foundations can help reduce wasted capital.
Source: Fintech Gate
