Egypt-based venture capital firm Averroes Ventures is preparing a new $50 million investment fund focused on “waste-to-value” startups across the Middle East and North Africa, reflecting growing regional interest in sustainability-driven industrial investments, resource security, and economic diversification.
According to regional startup reports, the fund is expected to target companies operating in waste recycling, industrial processing, agriculture, clean technology, and energy-related sectors, with a final close reportedly targeted for the third quarter of 2026.
The initiative comes as governments and investors across the region increasingly prioritize resource efficiency, industrial localization, and supply-chain resilience amid rising import costs and broader economic transformation efforts.
Reports citing Dr. Ahmed A. Alsharif, Founding Partner and CEO of Averroes Ventures, indicate the fund aims to attract support from international investors, development finance institutions, regional banks, and strategic industrial partners.
Founded in 2017, Averroes Ventures has invested in several regional startups and reportedly manages a portfolio valued at around $10 million, with investments spanning logistics, fintech, and consumer technology ventures including Breadfast and Trella.
As The Middle East Observer notes, the planned fund reflects a broader shift in regional venture capital toward industrial sustainability, resource optimization, and strategic economic diversification, with waste-to-value technologies increasingly viewed as important tools for improving industrial efficiency and strengthening long-term productive capacity across the MENA region.
