Beltone Venture Capital (BVC), the venture capital arm of Beltone Holding, has announced its successful exit from Morocco’s last-mile delivery and logistics platform, Cathedis. The exit yielded an exceptional 100% Internal Rate of Return (IRR), marking a significant milestone for the Egypt-based VC firm.
A Landmark Regional Exit
This transaction represents BVC’s first regional exit and its third overall since its inception in 2023. The high-return exit from Cathedis underscores the firm’s strategic performance and commitment to identifying and nurturing high-growth tech companies across the MENA region.
“We saw a clear opportunity in Cathedis Morocco’s leading last-mile delivery and logistics platform. We invested with vision, supported its growth, and exited with success,” said Ali Mokhtar, CEO and Managing Partner of Beltone Venture Capital.
Data-Driven Strategy Pays Off
Since its establishment, Beltone Venture Capital has quickly become a key player in the regional investment landscape. The firm manages USD 50 million in assets under management (AUM) and a USD 5 million venture debt portfolio.
Its current portfolio consists of 21 high-growth, technology-driven companies across various strategic sectors, reflecting a disciplined, data-driven investment strategy aimed at regional expansion and fostering innovation.
About Beltone Venture Capital
Beltone Venture Capital is a subsidiary of Beltone Financial Holding, established in 2023. It aims to stimulate and provide sustainable funding for early-stage tech and tech-enabled startups in Egypt with regional ambitions, taking on an early leadership role alongside the founders.
Source: Zawya
