Averroes Ventures Launches $50M Fund for MENA Waste-to-Value Startups
Egypt-based VC firm Averroes Ventures is establishing a new $50 million fund to invest in waste-to-value startups across the Middle East and North Africa. This initiative provides crucial funding for sustainability-focused ventures in the region.
Averroes Ventures, an Egyptian venture capital firm, plans to launch a new $50 million fund dedicated to waste-to-value startups across the MENA region. The fund aims for a final close in Q3 2026, signaling a significant push towards sustainable innovation.
This new fund will provide vital capital to startups focused on converting waste into valuable resources, addressing environmental challenges while fostering economic growth. It marks a targeted investment in the circular economy within the Middle East and North Africa.
Previously, Averroes Ventures has supported companies like Nawah Scientific and Khaznly, demonstrating its commitment to impactful investments in emerging markets.