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Beltone Venture Capital

Corporate VC

New Cairo · Pre-Seed–Growth · 9 people tracked

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Investment thesis

Early-stage tech startups in Africa/MEA: venture arm of a fast-growing MENA financial group connects founders to investment banking, asset management and non-bank financial institutions; led by Forbes-recognized Ali Mokhtar.

Source: firm website, verified Sep 27, 2026.

Stage
Pre-Seed–Growth
HQ
New Cairo, EG
Leads rounds
Follows
Instruments
Equity
Last 12 months
2 investments
Tracked investments
4

Team · 9 people

from the firm's website & curated & public directories
Dalia Khorshid· Group CEO and Managing Directorin

Group CEO and Managing Director of Beltone Holding.

Marwa Abbas· Independent Non-Executive Board Member – Beltone Holding; General Manager and Technology Leader – IBM Egypt

Independent non-executive board member of Beltone Holding and General Manager and Technology Leader at IBM Egypt.

Mirian Khalaf· Non-Executive Board Member – Beltone Holding; Chief Investment Officer at Chimera Investment

Non-executive board member of Beltone Holding and Chief Investment Officer at Chimera Investment.

Mohamed Hesham· Non-Executive Board Member – Beltone Holding; Chief Investment Officer – 2PointZero

Non-executive board member of Beltone Holding and Chief Investment Officer at 2PointZero.

Syed Basar Shueb· Chairman – Beltone Holding; CEO, Managing Director and Board Member of International Holding Company

Chairman of Beltone Holding who also serves as CEO, Managing Director and Board Member of International Holding Company.

Wael Abdallah· Independent Non-Executive Board Member – Beltone Holding; Associate Professor of Finance at AUC School of Businessin

Independent non-executive board member of Beltone Holding and Associate Professor of Finance at The American University in Cairo School of Business.

Martin Besl· Board Member and Head of the Governance and Audit Committeein

Creative lead at CK Invest who trained at German agencies such as Jung von Matt and Serviceplan, working on clients like Sixt, MINI, Bosch and Samsung, and now oversees marketing and communications across the group's companies.

Olivia McGee· Chief Executive Officerin

Olivia McGee is an Office Assistant at ECI Partners LLP, where she provides administrative and operational support within a private equity environment. Her responsibilities include diary management, meeting coordination, support to senior team members, and oversight of office facilities and maintenance. She holds an LLB (Hons) degree.

Ali Mokhtar· CEO Venture Capitalin

Ali Mokhtar, CEO and Managing Partner, holds an unusual dual VC and growth-stage PE mandate and connects founders to the group's broader financial‑services ecosystem for strategic, capital‑markets and scaling support.

Founder mafia

2 people who came through Beltone Venture Capital went on to found or lead other companies.

What they invest in

from 3 of 4 portfolio companies

AI & Machine Learning ×1Enterprise Software ×1Future of Work ×1HR Tech ×1Marketing Tech ×1Media & Entertainment ×1SaaS ×1Wellness & Fitness ×1

HQs:Egypt×2

Investments · 4 tracked

founders shown can be your intro path
Bluworksbluworks.ioinNov 2025 · $1M

Bluworks provides HR and workforce operations software designed for businesses with dynamic, shift-based work across multiple locations.

Enterprise SoftwareFuture of WorkHR TechSaaSCairo, EG

HusseinFarah

Co-investorsA15Acasia VenturesCairo Angels Syndicate FundEnza CapitalKhwarizmi VenturesCamel Ventures

Grintagrinta.aiMar 2025

Grinta runs an online marketplace for pharmaceutical procurement in Egypt, linking pharmacies with manufacturers, distributors, and wholesalers.

Wellness & FitnessDover, EG

Mohamed Azab

Co-investors500 GlobalA15RAED VenturesEndeavor Catalyst

Ingressive Capitalingressivecapital.comNov 2025

Ingressive Capital is a venture capital firm that invests up to $500k in pre-seed and seed-stage technology startups across Sub-Saharan and North Africa, typically targeting around 10% ownership.

Sector Agnostic

Maya Horgan Famodu(Founder)in

Co-investorsSand Hill AngelsA15HoaQIngressive CapitalPlus VCTechstars

Lycheelychee.soin

Fame Clips provides a done-for-you podcast and audio clip editing service that combines AI with human editors to produce short-form vertical and square video clips for social platforms like TikTok, LinkedIn, and YouTube.

AI & Machine LearningMarketing TechMedia & Entertainment

Co-investorsFusion VC

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Beltone Venture Capital invest at?
Beltone Venture Capital invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.
What sectors does Beltone Venture Capital focus on?
Beltone Venture Capital focuses on Fintech, Sector Agnostic.
Where is Beltone Venture Capital located?
Beltone Venture Capital is headquartered in New Cairo, EG.
Does Beltone Venture Capital lead rounds?
Beltone Venture Capital typically participates in rounds rather than leading them.

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