Nawah Scientific Raises $23 Million in Funding Round Led by Life Ventures Holding
Egyptian deep-tech company Nawah Scientific has secured $23 million in a new funding round led by Life Ventures Holding, marking a major milestone as the company celebrates its 10th anniversary since inception.
The announcement was made during a high-profile ceremony held at the historic Saladin Citadel of Cairo, under the patronage of the Ministry of Higher Education and Scientific Research. The event was attended by senior government officials, representatives of financial and research institutions, and local and international partners.
Among the notable attendees was General Authority for Investment and Free Zones (GAFI), represented by its CEO Hossam Heiba, alongside a wide range of strategic stakeholders from Egypt and abroad.
During the celebration, Nawah Scientific announced the completion of the $23 million funding round, which aims to support the company’s regional and international expansion plans and to further strengthen its research and technological capabilities in the coming phase.
Dr. Omar Shokry Sakr, Founder and CEO of Nawah Scientific, stated that the new funding will enable the company to scale its operations locally and regionally while reinforcing its research and technical infrastructure. He also highlighted that Nawah was recently selected as one of the winning alliances under Egypt’s presidential initiative “Alliance and Development,” underscoring the company’s growing national and regional role.
For his part, Hossam Heiba described Nawah Scientific as an inspiring national model that successfully bridges scientific research with development needs. He emphasized that the company’s journey over the past decade reflects the Egyptian private sector’s ability to invest in science and transform it into an economic driver that serves both society and the state. He added that Nawah represents a leading example of knowledge-based and deep-tech enterprises, aligning with Egypt’s strategic shift toward a value-added, technology-driven economy.
Heiba further noted that Nawah’s achievements represent institutional scientific excellence rather than mere commercial success, stressing that GAFI places strong emphasis on supporting such entities through an enabling investment environment, streamlined procedures, and growth incentives. He also affirmed that Nawah’s regional and international expansion, while maintaining its research roots in Egypt, strengthens the country’s position as a regional hub for research and innovation.
Dr. Sakr explained that the company’s 10th anniversary comes at a pivotal moment as Nawah transitions into a new phase of broader scientific and geographic impact. He added that the successful funding round reflects strong investor confidence in Nawah’s research-driven business model and its ability to achieve long-term, sustainable growth. The next phase will include expanding research infrastructure, launching a global research center in Rwanda, and doubling the capacity of its existing laboratories in Egypt and Saudi Arabia.
The funding round follows a hybrid structure combining equity and debt, led by Life Ventures Holding, with participation from specialized deep-tech and life sciences investors including Den Ventures, Empire M, AfricInvest, Elsewedy, in addition to a group of angel investors and banks.
Over the past decade, Nawah Scientific has developed its proprietary Cloud Lab model, enabling advanced testing and experimentation to be conducted remotely. The company has also expanded into pharmaceutical and food testing, becoming one of the few specialized global players in the production of certified reference materials. To date, Nawah has tested more than one million samples, employs around 160 researchers across multiple countries, supports the development of hundreds of pharmaceutical and food products, and serves clients in more than 30 countries worldwide.