DPI Venture Capital Closes Nclude Fund at More Than $112 Million to Back Technology Companies Across Africa and the Middle East
Monday, October 26, 2026 · first reported by بوابة التكنولوجيا المالية and 2 others
DPI Venture Capital, the venture platform of Development Partners International, has held the final close of its Nclude Fund with commitments above $112 million. Nclude was set up in Egypt in 2022 as a fintech fund and came under DPI's investment advisory management in 2025, when DPI Venture Capital was launched.
The fund backs fintech and related technology companies in Africa and the Middle East, from seed to Series C, writing cheques of $500,000 to $10 million. It has 15 portfolio companies, among them Nawy, Paymob, FlapKap and Money Fellows. Up to 30% of its mandate can go outside Egypt.
- Fund
- Nclude Fund
- Size
- $112M
- Stage
- Final close
- Asset class
- Venture
- Geography
- Africa, Middle East
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
Coverage
3 sources- بوابة التكنولوجيا الماليةDPI Venture Capital Closes Nclude Fund at More Than $112 Million to Back Technology Companies Across Africa and the Middle East
- Innovation VillageDPI Venture Capital’s Nclude Fund raises over $112M to drive financial inclusion in Africa
- Africa Private Equity NewsDPI Venture Capital’s Nclude Fund closes at over $112m
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