Egypt: Nawah Scientific Bags $23m to Expand Cloud Lab Network

Nawah Scientific, an Egypt-based deeptech company, has raised $23 million in a Series A round made up of equity and debt, as it marks ten years since it was founded.

The round was led by Life Ventures Holding, with participation from Den Ventures, Empire M, AfricInvest and Elsewedy, alongside banks and angel investors.

Founded in 2015 by Omar Saqr, Nawah operates a cloud lab model that allows companies and researchers to access advanced testing services remotely. Its activities span four units:…