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 Egyptian VC firm Ideavelopers invests in group buying website

vc egypt deal websiteThe Egyptian venture capital firm Ideavelopers just announced leading a Series A investment round in group buying site Offerna.com

Ideavelopers is a venture capital firm and a subsidiary of EFG-Hermes, the Egyptian private equity firm. The firm manages a $50 million fund focused on early stage technology companies. According to their website, they have invested over $25 million in 17 companies operating inside and outside Egypt. The terms of this deal is not announced. Abdullah Assal is the founder and CEO.

To see a list of venture capital firms from the Middle East check our Middle East Investors Directory

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