Where is SANAD's headquarters located?

SANAD's headquarters is located in Bertrange (Luxembourg).

How many companies has SANAD invested in?

SANAD has invested in 8 companies, including Djamo & Khazna.

Which companies has SANAD invested in lately?

Blnk & Khazna are the latest investments by SANAD.

What sectors does SANAD focus on for investments?

Top sectors in SANAD's portfolio are FinTech (3 investments) and Consumer (2 investments).

How many exits has SANAD been involved in?

SANAD's portfolio has seen 1 acquisition.

SANAD - 2026 Investor Profile, Portfolio & Investment Trends

SANAD, established in 2011, is a private debt fund primarily based in Bertrange, Luxembourg. It specializes in financing Series A round of companies based in Egypt. Its portfolio includes 8 firms, spanning the FinTech, Consumer sectors.

As of Jul 2026, SANAD has witnessed 1 portfolio exit so far. Its most notable investments include companies like Djamo, Khazna and Cartona.

Its latest investment was a $12.3M Series A round in Blnk on Jun 08, 2026, which also saw participation from Algebra Ventures and Endeavor.

Key Metrics

Founded Year

2011

Location

Bertrange, Luxembourg

Portfolio Companies

Djamo, Khazna & 6 more

Sectors of Investment

FinTech, Consumer & 5 more

Stages of Investment

Series A, Conventional Debt & 2 more

Locations of Investment

Egypt, Tunisia & 3 more

View SANAD's full profile

SANAD has a portfolio of 8 companies. Their most notable investments are in Skygarden and Enda tamweel.Their portfolio spans across Egypt, Tunisia, Ivory Coast and 2 more locations. They have invested in FinTech, Consumer, Retail and 4 other sectors, across stages such as Series A, Conventional Debt and 2 more. Here is the list of top investments by SANAD:

1. Djamo

App-based platform for expense management. The company offers digital solutions to control expenses. It allows users to manage day-to-day expenses and control finances and make better use of their money.

Key facts about Djamo

Founded Year: 2019
Location: Abidjan (Ivory Coast)
Stage: Series B
Total Funding till date: $34.6M
Employee Count: 323 as on May 31, 2026
Investors: Partech Partners, Y Combinator and 9 Others
Latest Funding Round: Series B, Nov 04, 2024, $*****
Highlight: Editors' Pick

2. Khazna

Digital wallet platform for individuals. It provides point of sale financing options that enable consumers to purchase products and pay in periodic installments. It provides services such as cash withdrawal, money transfers, bill payments, and more. It also enables users to access banking services via mobile phones.

Key facts about Khazna

Founded Year: 2019
Location: Cairo (Egypt)
Stage: Series A
Total Funding till date: $47M
Employee Count: 432 as on May 31, 2026
Investors: EBRD, Quona and 16 Others
Latest Funding Round: Series A, Feb 05, 2025, $*****
Highlight: Editors' Pick

3. Cartona

Operator of a B2B e-commerce marketplace connecting retailers and suppliers. The platform enables retailers to browse and order merchandise. It facilitates connections between retailers, fast-moving consumer goods producers, and wholesalers. The platform offers an interface intended to streamline purchasing. It provides tools for suppliers to manage inventory and track orders.

Key facts about Cartona

Founded Year: 2019
Location: Giza (Egypt)
Stage: Series A
Total Funding till date: $22.1M
Employee Count: 335 as on May 31, 2026
Investors: Algebra Ventures, T5 Capital and 9 Others
Latest Funding Round: Series A, Jul 30, 2024, $*****
Highlight: Editors' Pick

4. Blnk

Online platform offering point-of-sale financing loans for consumers. It offers loans to its users on their own balance sheet with a pay-later facility including an online application, approval, and receiving loans, allowing the users to purchase from its merchant network shops.

Key facts about Blnk

Founded Year: 2020
Location: Giza (Egypt)
Stage: Series A
Total Funding till date: $24.8M
Employee Count: 268 as on May 31, 2026
Investors: Algebra Ventures, Endeavor and 10 Others
Latest Funding Round: Series A, Jun 08, 2026, $*****
Highlight: Editors' Pick

5. Skygarden

Online marketplace for multi-category products. The offerings include electronics, fashion, beauty, stationery, home improvement, hardware, baby & kids, and more. The mobile application is available on the Android platform.

Key facts about Skygarden

Founded Year: 2015
Location: Nairobi (Kenya)
Stage: Acquired
Total Funding till date: $5.3M
Employee Count: 19 as on Mar 31, 2026
Investors: 2M2D, TRK Group and 9 Others
Latest Funding Round: Series A, Jun 14, 2021, $*****
Highlight: Acquired

View the full list of portfolio companies

SANAD has invested in 8 companies over the last 9 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment, while as of Jun 2026, it has made 1 investment in this year. Its most recent first time investment was in Blnk and most recent follow-on round was in Cartona.

Here are SANAD's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	1	0	1
2025	1	0	1
2024	1	1	2
2023	0	0	0
2022	1	0	1
2021	2	0	2
2020	0	0	0
2019	0	0	0
2018	1	0	1
2017	1	0	1

View all investments by SANAD

SANAD has made 4 investments in Series A stage with an average round size of $11.1M, 2 investments in Conventional Debt stage with an average round size of $16M, 1 investment in PE stage with an average round size of $30M and 1 investment in Series B stage with an average round size of $17M.

Here are SANAD's investments by stage:

Stage of entry	No. of Investments
Series A	4
Conventional Debt	2
PE	1
Series B	1

Note: We have considered here, only first round of investments

View all investments by SANAD

SANAD has a diverse portfolio, with companies operating in the Financial Services, FinTech, Consumer, Retail and Enterprise Applications. Notably, it has invested in 5 Consumer (B2C) companies, 5 Tech companies, 3 Enterprise (B2B) companies and at least 2 companies focusing on Marketplace.

Here are SANAD's investments by sector:

Sector	No. of Investments
Financial Services	4
FinTech	3
Consumer	2
Retail	2
Enterprise Applications	1
Others	3

Note: We have considered here, only first round of investments

View all investments by SANAD

SANAD has made most investments in Egypt (3), followed by Tunisia where it has made 2 investments.

Here are SANAD's investments by geography:

Country	No. of Investments
Egypt	3
Tunisia	2
Ivory Coast	1
Kenya	1
Lebanon	1

Note: We have considered here, only first round of investments

View all investments by SANAD

SANAD has made 1 investments in 2026 so far - Blnk.

Here are the most recent investments by SANAD:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Jun 08, 2026	Blnk	Egypt	Series A	2425	Algebra Ventures [+2]
Feb 05, 2025	Khazna	Egypt	Series A	4467	Khwarizmi Ventures [+7]
Nov 04, 2024	Djamo	Ivory Coast	Series B	2336	Janngo [+4]
Jul 30, 2024	Cartona	Egypt	Series A	6345	Algebra Ventures [+1]
Jul 25, 2022	Cartona	Egypt	Series A	5484	Silicon Badia [+4]

See more recent investments made by SANAD

1 company from SANAD's portfolio has been acquired. The most recent acquisition was Skygarden in Dec 2022 by Lipa Later for $*****.

Here are SANAD's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Skygarden	Dec 05, 2022	Jun 14, 2021	Series A	1895

View all acquired companies in SANAD's portfolio

Over the past 9 years, 61 investors have co-invested in SANAD's portfolio companies. This includes funds and angels.

Invested before SANAD: Janngo, Partech Partners and 28 others have invested in rounds before SANAD. There is 1 company where Janngo has invested before SANAD and 1 company where Partech Partners has invested before SANAD.
Top Co-investors of SANAD: 24 investors entered a company along with SANAD. These include investors like Oikocredit (1 company).
Invested after SANAD: A total of 7 investors have invested in SANAD's portfolio after their investments. Top Investors include Camel Ventures (1 company) and GlobalCorp (1 company).