Founded in 2004 and based in Cairo, Egypt, Ideavelopers is a subsidiary of EFG-Hermes Private Equity that manages the Technology Development fund, a $50 million fund focused on early stage technology companies. The firm has invested over $25 million in 17 companies operating inside and outside Egypt, providing not only risk capital but also strategic advice and industry access to startups with great potential. Ideavelopers evaluates startups based on strong teams with differentiated offerings that target sizable markets and can realize attractive financial returns.