Beltone Holding | Beltone Venture Capital

vc$136BCo-investsLeads rounds

◆ Fund Size

$136B

◆ Location

Egypt

◆ Portfolio

2 companies

◆ Activity

Statusactively investing

◆ Links

Website ↗@_beltone_ on X ↗

◆ Investment Thesis

Supporting Egyptian consumer brands through initial investment stage and regional expansion into Saudi Arabia and the Gulf.

◆ About Beltone Holding

Beltone Holding is a leading pan-African group headquartered in Egypt, with operations spanning eight countries across North and Sub-Saharan Africa. The firm offers a comprehensive range of financial services, including leasing, factoring, mortgage finance, consumer finance, asset management, securities brokerage, investment banking, private equity, venture capital, and more, all aimed at fostering financial inclusion and sustainable growth.

◆ Sectors

CPG & BeveragesD2C BrandsE-commerceRetail Tech

◆ Stages

seedseries-aseries-b

◆ Geography Focus

EgyptGulf RegionSaudi Arabia

◆ Team

Name	Title	Role	Links
Dalia Khorshid	Group CEO and Managing Director	Executive	in
Hassan Moussa	CEO – Beltone Investment Banking	Executive	in
Khaled Darwish	CEO Beltone Asset Management	Executive
Syed Basar Shueb	Chairman	Executive	in
Hussein Marei	Independent Non-Executive Board Member – Founding Partner and Head of the Corporate and Mergers & Acquisitions (M&A) Department at Marei, Fayez, Dardiry & Partners Law Firm (MFDP)	Board Member
Khalil El Bawab	chief executive officer markets local & regional	—	in
Mirian Khalaf	Non-Executive Board Member – Beltone Holding & Chief Investment Officer at Chimera Investment	Board Member
Mohamed Hesham	Non-Executive Board Member – Beltone Holding and Chief Investment Officer – 2PointZero	Board Member	in
Wael Abdallah	Independent Non-Executive Board Member – Beltone Holding and Associate Professor of Finance at The American University in Cairo (AUC) School of Business	Board Member	in

◆ Notable Investments

Baobab GroupYakeeyBaobab (digital microfinance provider)Two equity transactions in Morocco (company names not disclosed)National Seeds CompanyMorocco equity transactions (venture capital arm)ariikaLycheeBirdNestBosta

◆ Traits

Leads rounds

Co-invests

◆ FAQ

What does Beltone Venture Capital invest in?

Beltone Venture Capital invests in CPG & Beverages, D2C Brands, E-commerce and Retail Tech at the seed, series-a and series-b stages.

Which geographies does Beltone Venture Capital focus on?

Beltone Venture Capital focuses on Egypt, Gulf Region and Saudi Arabia, and is headquartered in Egypt.