Cairo – Mubasher: Raya Holding for Financial Investments announced the launch of "Raya Ventures", as the Group's wholly-owned venture capital arm, to invest in early-stage startups, focusing on artificial intelligence and fintech sectors, from pre-seed to Series A funding rounds.
In a disclosure sent to the Egyptian Exchange (EGX) today, Tuesday, the company explained that "Raya Ventures" is an independent legal entity with a dedicated investment mandate, focusing primarily on investment opportunities in Egypt, Middle Eastern, and African markets, in addition to investing in international startups whose technologies and services can scale into these markets.
In the same context, "Raya Ventures" announced the execution of its first investment in "Pidima", a UK-based company founded in 2024 specializing in enterprise AI software, including AI-powered enterprise workflow solutions and product lifecycle management.
The company indicated that this investment aligns with "Raya Ventures" strategy to invest in startups offering scalable technological solutions capable of expanding into regional markets.
