Amount$22M
Post-money valuation$1.5B
SeriesPIPE
AnnouncedFeb 3, 2022
RegionEgypt
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far below the typical PIPE round — well under the median.
Syndicate size
2 investors on the cap table.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
