Egypt's MSMEDA and World Bank Launch VC Reporting Standard

In a global first, Egypt's leading venture capital (VC) firms have collectively agreed to implement a unified platform for reporting on their portfolio companies. This groundbreaking initiative, spearheaded by Foundation Ventures in collaboration with MSMEDA (Micro, Small and Medium Enterprises Development Agency) and the World Bank, includes prominent names such as Algebra Ventures, Camel Ventures, Sawari Ventures, Shorooq Partners, and others. This marks the first time an entire country's VC ecosystem has aligned on standardized metrics and reporting practices.

The core aim of this initiative is to streamline data collection and enhance transparency across the startup ecosystem. By addressing existing inefficiencies in performance tracking and communication, it seeks to establish reporting consistency and foster a common, clear language among startups, investors, and other stakeholders.

Mazen Nadim, Managing Partner at Foundation Ventures,said : "This initiative sets a precedent for emerging markets globally. We are excited about enhancing Egypt’s investment attractiveness by providing the necessary transparency to encourage foreign direct investment, as well as providing more opportunities for local startups to access capital."

Following a rigorous evaluation process, the US-based platform Visible.vc was selected by all participating General Partners, with implementation expected by mid-2025.