Cairo-based Nawah Scientific has raised $1 million in pre-Series A funding. The round was led by Endure Capital and joined by 500 Startups, Averroes Ventures and recently launched Egypt Ventures.
An angel investor Dr. A. Abdelhamid also joined the round. Though,
Egypt’s Ministry of Investment-backed recently launched VC Egypt Ventures is the biggest investor in this round.
The startup was founded in 2015, by Dr. Omar Sakr, who holds a PhD in pharmaceutical sciences from the University of Geneva.
Nawah Scientific has established a ‘core hub’ of advanced equipment specialized in natural and medical sciences. Here, they conduct different scientific research tests on behalf of scientists and universities who normally don’t have access to such facilities.
Source: MENAbytes.