DisrupTech
Egypt-based early-stage venture capital firm that began with fintech and now backs technology and AI founders across the Middle East, North Africa and Africa. Its first fund is reported at USD 36 million.
Industry: Venture capital | Location: Giza, Egypt | Founded: 2021
About DisrupTech
DisrupTech Ventures is an early-stage venture capital firm based in Egypt. Its website says it has backed early-stage technology founders across the Middle East, North Africa and Africa since 2021 and aims to be the first money in, often within a company's first 18 months. The firm began with a focus on fintech and fintech-enabled startups and now names technology and artificial intelligence as its themes. Its office is at Capital Business Park in Sheikh Zayed, Giza.
Mohamed Okasha is founder and managing partner and chairs the investment committee. IFC described him in 2022 as a former managing director of Fawry, the Egyptian payments company. Yehia Abouelwafa is partner and chief investment officer, and Malek Sultan is a partner. The team page lists nine people. The website gives 2021 as its start, while two May 2025 interviews give 2020.
The first fund was reported at 25 million US dollars in March 2022 and at 36 million dollars from May 2023, raised from development finance institutions, funds of funds and family offices. IFC committed 5 million dollars in March 2022, Proparco 5 million in May 2023, and Egypt's MSMEDA about 4 million, according to Launch Base Africa. In May 2025 Launch Base Africa and Tech in Africa reported 21 early-stage portfolio companies, cheques of 250,000 to 1.25 million dollars and about two-thirds of the fund deployed, with investing to continue through 2026.
Portfolio companies named in those reports include MNT-Halan, Khazna, Bokra, Connect Money, BanknBox, Mozare3, i'SUPPLY, Sprints, WideBot and Hamilton. In March 2022 DisrupTech led a pre-seed round in Mumerz and led Nexta's 2.2 million dollar pre-seed round, according to Enterprise.
In October 2024 Okasha told Asharq Business the firm was studying a 70 million dollar fund for launch in 2026. In May 2025 a second fund was under consideration with no official timeline.
In April 2026 DisrupTech and KAUST Innovation Ventures co-led the 1.45 million dollar pre-seed round of Sinai.ai, a book platform, with participation from Maza Ventures and YOUXEL Ventures, according to Middle East AI News.
Leadership
- Mohamed Okasha, Founder and Managing Partner
- Yehia Abouelwafa, Partner and Chief Investment Officer
- Malek Sultan, Partner