Cubit Ventures
Cairo, Al Qahirah, Egypt
Overview
Cubit Ventures is a USD10m seed stage venture fund backing tech and SaaS startups driving digital transformation in Egypt; one of the fastest growing economies in the world and undergoing a massive digital transformation.. We have a strategic relationship with Founder Institute, supporting our portfolio companies with access to the world's largest network of mentors and investors (14,000+), and a global network of 4000 companies ($20B portfolio value) across over 200 cities.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Financial Services
- FinTech
- SaaS
- Software
Investment portfolio
- Sprints
Participated · Seed · Apr 2022
Sprints is an AI-powered educational technology company that delivers personalized learning journeys and a job guarantee aimed at closing the tech talent gap. The company was founded in 2019 by Ayman Bazaraa and Bassam Sharkawy and is based in Maadi al Khahiri, Cairo, Egypt. Sprints reports 51–200 employees and a stated goal to educate one billion students in ten years. The startup says it will expand into new markets across the MEA region to establish the area as a tech talent hub. Financially, the company has reported $3.0 million in total funding to date, raised as bridge financing. Sprints is a Cairo-based EdTech startup that provides an end-to-end solution to bridge the tech talent gap. Founded in 2019 by Ayman Bazaraa and Bassam Sharkawy, it identifies talent pools and offers tailored learning paths plus job-placement support. Its programs use a comprehensive learning method in which students meet role-played customers, gather design requirements, and build software products on a weekly basis. Sprints runs guaranteed-to-hire programs across MEA and assists alumni with ongoing professional development. Graduates who secure employment pay via 0% interest payments over three years. The company recently raised $1.2 million in a seed round.
- ILLA
Participated · Equity · Oct 2021
Founded in 2019, ILLA provides delivery and logistics solutions across Egypt, operating in 24 governorates. The company serves both corporates and SMEs, with notable clients including Coca-Cola, P&G, Nestle and Pepsico. ILLA has been described as a trailblazer in logistics solutions for the FMCG sector and is noted for its diverse team and market expertise. The startup received follow-on support from Flat6LabsCairo and has now closed a $500,000 seed round with participation from Averroes VC, AUC Angels and regional strategic angels. Reporting highlights that ILLA’s positioning and operations have gained attention amid shifts in Egypt’s logistics landscape during the pandemic. Specific future plans and detailed financial metrics were not disclosed in the articles.