In Brief: Egypt’s RiseUp raises seed round led by Endure Capital

Cairo-based RiseUp, the company behind one of the leading entrepreneurship events of the region - RiseUp Summit - has raised seed funding. Endure Capital led the round and was joined by Enara Capital, 500 Startups, and Kamelizer.

RiseUp announced the deal at the closing ceremony of RiseUp Summit in Cairo, without disclosing the size of investment.

The round is still open with many other parties interested to join it. However, RiseUp is planning to close the round by January next year.

Founded by Abdelhameed Sharara in 2013, RiseUp connects startups in MENA to relevant resources worldwide. Their biggest product is the RiseUp Summit, an annual entrepreneurship event that has been taking place in Cairo since last five years.

RiseUp recently has also started designing and organizing events on behalf of third-parties. The company helped Saudi government organize Hajj Hackathon earlier this year that went on to break the Guinness World Record to become the largest hackathon in the world with about 3,000 participants.

Source: MENAbytes.

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