African technology startups could gain access to new investment opportunities following the successful close of more than $112 million by Egyptian venture capital fund Nclude. The funding strengthens the firm's ability to support businesses developing financial technology and artificial intelligence solutions across Africa and the Middle East.

Established in Egypt in 2022, Nclude operates under the investment advisory management of DPI Venture Capital, the venture capital platform of Development Partners International. Its restructuring in 2025 brought DPI on board, helping expand its investor base and strengthen its regional investment strategy.

The fund targets fintech companies, financial inclusion businesses and startups combining artificial intelligence with emerging technologies. Individual investments range from $500,000 to $10 million, covering businesses from seed stage through Series C.

Although Egypt remains its primary investment market, Nclude can allocate up to 30% of its capital mandate to opportunities outside the country. This creates opportunities for startups across other African markets to access funding while helping Egyptian businesses expand regionally.

Nclude has already invested in 15 companies working across affordable insurance, healthcare accessibility, small business financing and digital savings solutions.

The fund's strategy reflects growing interest in technology businesses addressing practical financial challenges, particularly among underserved consumers and small businesses.

According to Ashley Lewis, Managing Partner and Head of DPI Venture Capital, the firm's investment approach focuses on helping entrepreneurs transform successful local businesses into competitive regional companies.

At TheGreyIT, we believe Africa's technology growth depends not only on innovative ideas but also on access to capital that helps businesses develop and scale. Investments in fintech and AI can create meaningful opportunities when they address real economic challenges and improve access to essential services.

With more than $112 million available, Nclude is strengthening its position in Africa's venture capital landscape. The bigger question is whether this investment will help produce fintech and AI companies capable of transforming financial services across the continent.