Venture capital firm Camel Ventures launches a $16 million investment fund

ChainCatcher news, Camel Ventures, headquartered in Egypt, has launched its first venture capital tool, Camel Ventures for Investment I. The company has a total fund of 500 million Egyptian pounds (16 million USD). It aims to provide funding support for early-stage fintech startups, and this move is expected to accelerate the development of the local cryptocurrency industry and the adoption of digital currencies and blockchain technology. (Source link)