Egypt Launches Standardised Reporting Framework for Startups and Investors
Egypt's Micro, Small and Medium Enterprise Development Agency (MSMEDA), backed by World Bank, has collaborated with several venture capital firms and the US-based platform Visible.vc to introduce a standardised portfolio reporting framework for startups and investors across the country.
Led by Foundation Ventures, the initiative includes participation from Algebra Ventures, Sawari Ventures, Shorooq Partners, Endure Capital, Camel Ventures, DenVC, LoftyInc Capital, DisrupTech Ventures, and the Climate Resilient Africa Fund.
The aim is to establish common metrics, reporting timelines, and formats, addressing the longstanding issue of inconsistent data practices within Egypt's startup ecosystem.
Although Egypt's startup scene has expanded significantly in recent years, inconsistent reporting standards remain a key challenge.
Startups frequently contend with producing varied reports to meet different investor requirements, while venture capital firms face difficulties in assessing portfolio performance due to the absence of unified benchmarks.
The initiative seeks to simplify reporting processes for both general partners (GPs) and portfolio companies through a centralised data platform designed to enhance transparency, reliability, and operational efficiency.
'We are excited about enhancing Egypt's investment attractiveness by providing the necessary transparency to encourage foreign direct investment,'
said Mazen Nadim, Managing Partner at Foundation Ventures.
Following a competitive selection process, Visible.vc was chosen to develop and operate the platform.
The company is working in partnership with Egyptian GPs to tailor the system to local requirements and workflows.
The platform is expected to be fully implemented by the end of the second quarter of 2025, with the first comprehensive ecosystem report anticipated by mid-2026.
By introducing a unified reporting framework, the effort is expected to ease administrative burdens for startups, provide greater clarity for investors, and strengthen Egypt's position as a destination for regional and international venture capital.
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