Wamda

Egypt's Tanmiya Capital closes $130 million fund backed by EIB, IFC and EBRD

Egypt-based private equity firm Tanmiya Capital Ventures (TCV) has announced the final close of its second fund at $130 million, exceeding its $120 million target, following a $37.5 million commitment from the European Investment Bank (EIB) through its development arm, EIB Global. The fund is backed by international and local institutional investors, including the Egyptian-American Enterprise Fund (EAEF), European Bank for Reconstruction and Development (EBRD), International Finance Corporation

By Wamda

1 min read
Egypt's Tanmiya Capital closes $130 million fund backed by EIB, IFC and EBRD
AI-generated illustration

Got news to share with the events industry?

Submit a press release or story tip and reach thousands of event professionals.

Get in touch→

More in Startups & Entrepreneurship

Related Insights