Exits Mena plans to launch three new investment funds in 2027. The funds will target artificial intelligence, export companies, and real estate. Chairman Mohamed Abu El Naga Naguib announced the plans during the Global Entrepreneurship Festival 2026.
Acquisition support
Exits Mena recently acquired Avance Capital to expand its investment activities. Avance Capital operates as one of the largest fund of funds managers in Egypt and Africa. The deal supports the company's push into fund management.
Track record
Naguib also makes angel investments of between US$10,000 and US$50,000 per company. He participates in a US$35 million fintech fund. His portfolio includes Breadfast, Sukna, SwipEx, Tactful AI, Gameball, and Talam.
Investment approach
He prioritizes founder competence, market understanding, and a strong founding team. Supportive backers also matter in his decisions. He pointed to Careem's acquisition by Uber for US$3 billion as an example.
Africa still receives about 0.6% of global venture capital funding. Naguib said around 80% of global venture funding now goes to artificial intelligence companies. He called for African startups to build operational readiness before accepting large investments.