Averroes Ventures Targets $50M Fund for Waste-to-Value Startups
The Egypt-based VC firm is preparing a new fund focused on recycling and resource efficiency.
Averroes Ventures, an Egypt-based seed and early-stage investor, is preparing a $50 million fund focused on startups that convert waste into usable materials and products.
The fund, expected to close in the third quarter of 2026, will target companies operating in waste recycling and value-added materials, alongside ventures in industry, agriculture, and energy.
Averroes Ventures plans to raise capital from a mix of international investors, development institutions, and local banks, as it positions the vehicle around resource efficiency and supply chain resilience.
Founded in 2017, the firm manages a portfolio valued at around $10 million, with investments in companies including Nawah and Khaznly. It has also participated in funding rounds for Breadfast and Khaznly, and previously exited investments in Breadfast and Trella.
The strategy for the new fund centres on reducing reliance on imports and strengthening local production systems by supporting technologies that repurpose waste into commercially viable outputs.
The move comes as venture activity across the Middle East and North Africa shows renewed momentum. Startup funding in the region reached $3.8 billion across 688 deals in 2025, marking a 74% increase year-on-year. Egypt-based startups accounted for $614 million of that total, representing around 20% of funding across Africa.
