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American VC fund 500 Global comes to Egypt despite tech downturn

Some startups in Egypt are struggling, which is part of a wider regional trend.
500 Global.

A major venture capital fund will soon open an office in Egypt and launch several programs to support startups in the country. 

The San Francisco-based 500 Global announced today they signed an agreement with Egypt’s Information Technology Industry Development Agency. Together, they will launch the following programs to support Egyptian startups, according to a press release. 

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