Egyptian-led enterprise-AI startup MidLyr has announced that it has raised USD 2.5 million in a pre-seed funding round to back its expansion into Egypt and the broader Middle East region. The company, whose website describes it as offering a “regulated-enterprise intelligence” platform for banks and FinTech’s, says the funds will be used to localize its product for regional compliance environments, build a regional team, and establish a base in Cairo.
According to MidLyr’s website, the platform integrates with more than 100 enterprise tools including Slack, Salesforce, and ServiceNow and is structured to automate financial-services workflows such as customer service, marketing, and risk compliance under strict governance frameworks.
The timing of MidLyr’s raise comes amid strong momentum in Egypt’s startup ecosystem. According to a newsletter by the Information Technology Industry Development Agency (ITIDA), Egyptian startups attracted USD 228 million in venture capital and debt financing between January and May 2025, marking a 130 percent year-on-year increase. Another report from Tech In Africa indicates that the country has raised over USD 330 million so far in 2025 — roughly 31 percent of all disclosed African startup funding this year. Within the broader MENA region, startups secured USD 289 million in May 2025 alone, with Egypt leading that surge, according to Arageek.
MidLyr’s focus on offering compliance-aware, regulated-AI workflows reflects growing regional interest in enterprise and fintech-oriented AI solutions. Similar companies in Egypt have drawn investor attention this year. According to TechCabal, Egypt accounted for three of the eight African AI startups that raised more than USD 1 million in 2025. In a separate analysis, Statista reported that as of February 2025, Egypt’s leading AI startups had collectively raised tens of millions of dollars, including one firm securing USD 38.8 million in total funding.
While MidLyr disclosed its USD 2.5 million funding figure and expansion plans, it has not yet revealed investor names or valuation details. The raise does not currently appear in major third-party databases such as Crunchbase or PitchBook. The company stated that the capital will support its entry into Egypt and the Gulf Cooperation Council (GCC), aligning with regulatory frameworks such as those set by the Central Bank of Egypt (CBE) and the Saudi Central Bank (SAMA), both of which have increased focus on AI governance, data security, and compliance infrastructure.
With funding secured, MidLyr plans to work with regional banks and fintech firms to deploy its compliance-first automation tools, adapt its platform for Arabic-language support, and build out local operations in Cairo and other regional hubs. Egypt’s maturing startup landscape, coupled with growing investment in AI, positions the country as a strategic base for enterprise and regulatory technology startups expanding across the Middle East.
MidLyr raises USD 2.5M to expand in Egypt & Middle East