Beltone VC

Beltone Venture Capital is an investment firm dedicated to providing sustainable funding for early-stage technology and tech-enabled startups across the African and Middle East & Africa (MEA) regions. The firm focuses on identifying ventures with significant potential for rapid growth, actively partnering with visionary entrepreneurs to accelerate innovation and drive sustainable development.

Established in 2023 as a subsidiary of Beltone Holding, a leading financial services provider in the MENA region, Beltone Venture Capital employs a hybrid investment and financing strategy. This approach includes both equity investments and startup debt financing, allowing the firm to support companies through various stages of their development. Beltone Venture Capital has rapidly emerged as a key player in the regional investment landscape, demonstrating a disciplined, data-driven investment strategy and a vision for regional expansion.

The firm boasts a growing portfolio of high-growth, technology-driven companies. Notable investments and successful exits include Bosta, an Egyptian logistics and delivery technology startup, from which Beltone Venture Capital achieved a 75% internal rate of return (IRR). Another significant exit was from Cathedis, a Moroccan last-mile delivery and logistics platform, yielding an exceptional 100% IRR. Other portfolio companies include Yakeey, a Moroccan proptech startup, Lychee Egypt (healthy food options), WayUp Sports (online retail for sports fashion), BirdNest (PropTech), Grinta (HealthTech), Rabbit (Quick Commerce), Trella (logistics), Byit, and Bluworks (Business/Productivity Software).

Ali Mokhtar serves as the CEO and Managing Partner of Beltone Venture Capital, playing a pivotal role in the firm's investment strategy and portfolio expansion. Under his leadership, Beltone Holding has also expanded its multi-stage investment strategy with the launch of a Private Equity platform, which Mokhtar also leads, aiming to support companies from pre-seed through to pre-IPO stages.