Spark Capital Insights Mall is a New Capital investment fund launched in Egypt in 2020. The fund is designed to provide high-return investments for both local and international investors, with a special focus on helping to build the country’s growing tech startup scene. The fund is managed by an experienced team of venture capitalists and private equity professionals, and is backed by major international investment firms.
The fund's strategy involves identifying promising technology startups, advising them in their growth plans, and providing long-term capital support. Through this approach, Spark Capital Insights Mall aims to give entrepreneurs access to world-class resources and expertise so that they can build and scale their businesses. In addition, the fund will be supporting and incubating early-stage companies in order to help create jobs, spur growth, and create positive social impact.
Spark Capital Insights Mall is targeting a portfolio size of up to $100 million, and has already made several investments. In 2020, the fund invested in five FastRider, a ride-hailing firm; Mofosec, a cybersecurity solutions provider; Graviti, a cloud-based payment platform; Kifah Technologies, a fintech company;