How to apply to Beltone Venture Capital as an African founder

TL;DR

Beltone Venture Capital invests in sector-agnostic companies at Pre-Seed, Seed, Series A, Series B+, and Growth, writes cheques of $200K -- $3M (estimated, varies by stage and structure), and takes applications through direct outreach to the team.

Who Beltone Venture Capital is

Beltone Venture Capital is a Egypt and MEA investor headquartered in New Cairo, Egypt. The fund describes its mandate as sector-agnostic. The thesis, in the fund's own words: Providing sustainable funding for early-stage tech and tech-enabled startups across Africa and the MEA region, with a focus on inclusion for underserved, untapped customer segments.

On the ground, Beltone Venture Capital operates as a Pre-Seed, Seed, Series A, Series B+, and Growth investor with an Africa focus described as "Egypt primary, expanding across North Africa and MENA (Morocco, Iraq, broader MEA)". The fund's ceo and managing partner, beltone vc is Ali Mokhtar, alongside Syed Basar Shueb (Chairman, Beltone Holding) and Dalia Khorshid (Group CEO, Beltone Holding).

What they invest in

Stages: Pre-Seed, Seed, Series A, Series B+, and Growth
Sectors: Sector-agnostic. The fund calls itself sector-agnostic, but its actual portfolio tells a more concentrated story: 27% of classified portfolio companies are in E-commerce, and 20% are in Logistics.
Cheque size: $200K -- $3M (estimated, varies by stage and structure)
Geography focus: Egypt and MEA / Yes -- Egypt primary, expanding across North Africa and MENA (Morocco, Iraq, broader MEA)

How to apply

Beltone Venture Capital's application path is: "mailto:IR@beltoneholding.com". This reads as direct outreach rather than a public form, which means the fund is more reachable through a warm introduction or a well-targeted cold message than through a portal. Ali Mokhtar (CEO and Managing Partner, Beltone VC) is the name most associated with the fund publicly, and a specific, well-prepared message referencing why you fit their stated thesis is a better opener than a generic pitch blast. Check https://www.beltoneholding.com/en/business-line/venture-capital first in case a form or dedicated email address has since gone live.

Portfolio pattern

Beltone Venture Capital's portfolio, as listed in their Trampoline fund page, includes:

Bosta (Egypt): Last-mile delivery and logistics platform, Growth
Trella (Egypt): Digital freight and trucking platform, Growth
Khazna (Egypt): Financial services for blue-collar workers, Growth
Taager (Egypt): Social commerce and dropshipping platform, Growth
Grinta (Egypt): Healthcare distribution and pharmacy platform, Growth

That spread gives you a sense of what a real check from Beltone Venture Capital has funded, not just what the thesis claims it funds.

Before you apply

Have these ready before you reach out:

Deck: Check your readiness first so you know where the gaps are
Metrics dashboard: Set up your metrics dashboard so you can show real traction, not slides
Cap table
A one-line description of what your company does
A short, specific note explaining why you fit their stated thesis, ready to send cold or through a warm intro

FAQ

Does Beltone Venture Capital have a sector focus?

Beltone Venture Capital describes its mandate as sector-agnostic, meaning it does not restrict itself to a fixed list of sectors.

What stage does Beltone Venture Capital typically write cheques at?

Beltone Venture Capital invests at Pre-Seed, Seed, Series A, Series B+, and Growth, with cheque sizes of $200K -- $3M (estimated, varies by stage and structure).

Do you need a warm intro to apply to Beltone Venture Capital?

Beltone Venture Capital's application path is direct outreach rather than a public form, so a warm introduction generally carries more weight than a cold message, though it is not stated as a hard requirement.

Does Beltone Venture Capital invest outside Egypt and MEA?

Beltone Venture Capital's Africa focus is described as "Egypt primary, expanding across North Africa and MENA (Morocco, Iraq, broader MEA)". Check the full fund profile for the exact geographic boundaries before you apply.

Is Beltone Venture Capital a remote or in-person fund?

Beltone Venture Capital's format is listed as Hybrid.