THE MIDDLE EAST’S
1. Ali Mokhtar
Company: Beltone Venture Capital
Designation: CEO & Managing Partner
Nationality: Egyptian
Headquarters: Egypt
Established: 2023
Mokhtar assumed his current role when Beltone Venture Capital was established in April 2023. The company is a wholly-owned subsidiary of Beltone Holding, where Mokhtar held positions in corporate finance and asset management between 2010 and 2020. Beltone Venture Capital’s portfolio includes 10 startups, such as WayUp Sports, Bosta, Trella, and ariika. In the first nine months of 2024, the company executed six equity and follow-up investments and increased its managed portfolio to more than $40 million. In April 2024, it signed a partnership agreement with CI Venture Capital to manage a $30 million fund to back fast-growing startups in the region.