# Innoventures

Innoventures is a Venture Capital based in Cairo, Egypt.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Cairo, Egypt
- **Region:** Middle East
- **Address:** 124 Othman Ibn Affan St, Heliopolis, Cairo, Egypt
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** innoventures.me
- **LinkedIn:** https://eg.linkedin.com/company/innoventures

## Regulatory record

- **Reports private funds:** No

## About

Innoventures is an innovation platform that invests in early-stage businesses. It has made 12 investments to date, including a Seed VC investment in Hummingbirds on January 10, 2023.

## People

- Hesham Wahby — CEO and Co-founder
- Ashraf El Sharkawy — Co-founder
- Rafik Dalala — Co-founder
- Sameh Shaheen — Co-founder
- Ahmed Mikkawi — Co-founder

## Questions

### How does Innoventures source proprietary deal flow?

The firm sources through its physical startup campus, Ideaspace Heliopolis, which attracts early-stage founders directly to its Cairo facility, and through its membership in Endeavor Egypt's entrepreneurship network, which provides access to high-potential local founders. Its affiliation with EBAN, the European Business Angel Network, creates cross-border syndication channels linking Egyptian startups to European angel capital.

### Is Innoventures a venture capital fund or a startup incubator?

Innoventures operates as a hybrid — an investment firm that makes seed and start-up equity investments while housing portfolio companies at its Ideaspace Heliopolis campus. This structure combines capital deployment with physical incubation and shared operational infrastructure. The firm is not exclusively a fund manager or a pure incubator but a blended early-stage investment platform.

### Does Innoventures invest outside Egypt?

The firm's primary footprint is Egypt, anchored by its physical campus in Heliopolis, Cairo. However, its collaboration with infoDev/World Bank Group and its membership in EBAN, the European Business Angel Network, point to a mandate that extends across the MENA region. The firm has not publicly disclosed specific non-Egyptian portfolio companies.

## Related profiles

- [INNOventure](https://altss.com/profile/innoventure)
- [INNOVEST Middle East](https://altss.com/profile/innovest-middle-east)

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Last updated: 2026-06-03T20:00:00.000Z

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