Averroes Ventures Launches $50 Million MENA Waste-to-Value Fund Aiming for Q3 2026 Close

Context Averroes Ventures, an Egypt‑based VC founded in 2017, manages about $10 million in assets and has backed firms such as Nawah and Khaznly. The new fund will focus on recycling, industrial, agricultural, and energy startups that transform waste into usable products, aiming to cut import reliance and strengthen local supply chains. Waste‑to‑value models take discarded materials—like plastic, agricultural residue, or industrial by‑products—and process them into goods such as recycled packaging, bio‑fuels, or construction inputs, creating revenue while reducing environmental strain.

Key Facts The fund’s $50 million target represents roughly 1.3% of the $3.8 billion MENA venture capital total recorded in 2025, a year that saw 688 deals and a 74% YoY increase. For scale, the French waste‑management giant Suez (ticker SEV.PA) holds a market cap of about €12 billion, with its shares up roughly 1.8% year‑to‑date, while Veolia Environnement (VIE.PA) is valued near €20 billion and down 0.5% YTD. Averroes plans to secure capital from international investors, development institutions, and local banks, with a final close slated for Q3 2026.

What It Means By channeling capital into waste‑to‑value startups, Averroes seeks to boost domestic production of materials that are currently imported, thereby reducing vulnerability to global supply‑chain shocks. The fund could also help bridge a financing gap for circular‑economy ventures, which have attracted less VC attention than fintech or e‑commerce in MENA. If successful, the initiative may encourage more sector‑specific funds and accelerate the scaling of recycling technologies across the region.

Watch whether Averroes hits its Q3 2026 close with the targeted investor mix and how quickly capital flows into startups that turn waste into market‑ready products.