Ali Mokhtar, CEO and Managing Partner of Beltone Venture Capital, revealed that the company is nearing the completion of new investments in three Egyptian startups operating in the consumer sector, technology, and property technology (PropTech) sectors, noting that negotiations with the three companies have reached their final stages
In exclusive statements to FinTech Gate, Mokhtar said that Beltone Venture Capital has allocated approximately $1 million, equivalent to around EGP 50 million, to invest in the three companies. He explained that two of the startups are at the Pre-Seed stage, while the third is at the growth stage
He added that the three companies currently represent the most advanced investment opportunities among a broader list of startups that Beltone is evaluating, expecting the new investments to be finalized within the next two to three months, or by the end of the current year
Major Exit in Egypt
Regarding its exit plans, Mokhtar revealed that Beltone Venture Capital is currently working on a new exit from one of its portfolio companies in Egypt, describing the transaction as a “major exit.”
He explained that negotiations for the transaction have reached the agreement stage, without disclosing the name of the company or the expected value of the deal, pending completion of the final procedures
Beltone Has Not Exited Bosta
Responding to reports that Beltone had exited Bosta, Mokhtar clarified that the previous exit involved other investors whose investments are managed by Beltone, rather than Beltone’s direct stake in the company
He confirmed that Beltone still holds a direct stake of approximately 5% in Bosta, ruling out a full exit from its direct investment in the startup
Potential Exit from Moroccan Company Could Generate 3x Return
In a related development, Mokhtar revealed that Beltone Venture Capital is studying and negotiating a potential exit from one of the Moroccan companies in its portfolio
He explained that completing the transaction under the terms currently being discussed could generate a return of up to three times Beltone’s investment within a period of less than 18 months
Mokhtar noted that negotiations over the Moroccan transaction are still ongoing and have not yet reached a final agreement, stressing that the targeted return is contingent on completing the deal under the current terms
He also revealed that Beltone Venture Capital has completed five exits since its establishment, providing the company with strong liquidity that can be redeployed into new investments, whether in startups or relatively larger companies through its Private Equity investments
New Investment Funds Under Study
The CEO and Managing Partner of Beltone Venture Capital also revealed that the company is studying the establishment of new investment funds in partnership with Beltone Asset Management and other investors.
He explained that the proposed structure would combine Beltone’s role as an investor with its responsibility for managing the investments.
These funds are still in their early stages, Mokhtar said, noting that the size of their capital and the final structure of the participating investors have not yet been determined
Beltone and Thndr Target Q1 2027 Launch for Startup Fund
Regarding the anticipated startup investment fund in partnership with Thndr, Mokhtar confirmed that work on the fund is ongoing, with a targeted launch in the first quarter of 2027
He said the fund’s capital is expected to exceed EGP 250 million, with the potential for further growth as investor interest in participating increases
Beltone Venture Capital’s activities across multiple fronts—from evaluating new investments in Egyptian startups and pursuing exits and redeploying liquidity to establishing new investment funds—reflect the company’s strategy to expand its investments in startups and technology sectors while diversifying its investment vehicles and strengthening its ability to invest across different stages of the corporate lifecycle
