Riyadh - Sharikat Mubasher: The Saudi-based venture studio, Value Maker Studio (VMS), plans to inject investments amounting to $50 million into Egyptian startups during the upcoming six years, Founder and CEO Motaz Abuonq revealed.
VMS invested in eight Egyptian startups in almost a year, in line with its strategy to inject investments in three to five Egyptian startups annually, Abuonq stated in an interview with Fintech Gate.
He added that the volume of VMS’ portfolio of startup investments is estimated at as much as $10 million.
The Founder elaborated that VMS’ strategy focuses on attracting startups that meet the needs of the Saudi market, regardless of their sizes.
He further noted that VMS is currently investing in startups in Türkiye, Iraq, Pakistan, London, Morocco, and Tunisia, along with Saudi Arabia and Egypt.
It is worth noting that VMS launched the Bridge Program to empower Egyptian startups to seamlessly expand into the Saudi Arabian market. The program is dedicated to enhancing the strategic capabilities of entrepreneurs, ensuring they are well-prepared to meet the challenges and opportunities of global expansion.
