Egyptian AIM Technologies raises Seed round from Sequence Ventures

Egyptian AIM Technologies raises Seed round from Sequence Ventures

Cairo-based AI-based customer experience platform AIM Technologies has raised an undisclosed amount in a Seed round, led by Sequence Ventures, a newly-launched Egyptian VC.

Sequence Ventures plans to raise $31.76m over the next three to five years, with the first tranche of $9.5m presently being raised. The funds will be invested in Egyptian companies in transformational and critical industries such as artificial intelligence, Fintech, Healthtech, Edtech, logistics, and development operations.

Founded in 2018 by John Saad and Mohamed Moaz, AIM Technologies is an end-to-end automated customer research tool that provides its customers with a multi-lingual text analytics solution.

More than nine billion words were used to create AIM Technologies’ proprietary AI engine. AIM Technologies has watched 2,000 brands and collected the voices of 300,000 research customers in the previous 24 months.

The startup is currently serving more than 20 of the region’s largest organizations, including Vodafone, Coca-Cola, Nielsen IQ, Etisalat UAE, and Wunderman Thompson.

“Sequence Ventures is led by a team of experienced individuals with more than one hundred years of combined experience in multiple fields such as investment, business strategy, and asset management, who we believe will be of great value to our current regional and future global growth plans,” said John Saad, co-founder and Chief Executive Officer of AIM Technologies.

“Our mandate is to support young home-grown talent who are developing a solution to some of our chronic issues as well as new challenges and that are stalling our economic growth and our human capital,” said Karim Helal, Executive Chairman of Sequence Ventures.

Sequence Ventures has a panel of highly qualified technical and investment advisors who provide mentorship to startups in the portfolio. The company has also created a network of strategic alliances with more than 45 venture capital firms and accelerators in the European region who provide matchmaking and exit opportunities for portfolio companies.

 

Author

  • Storyteller and Data analyst. Passionate about startups and innovators leveraging tech to promote financial and social inclusion in Africa and for Africans

Joel Nwankwo

Storyteller and Data analyst. Passionate about startups and innovators leveraging tech to promote financial and social inclusion in Africa and for Africans

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