# Balad funding: rounds and investors

> Balad has raised across 1 round since 2023. Investors include Acasia Ventures, Launch Africa and Magic Fund. Every round with its source.

Source: https://millionrounds.com/company/balad (Millionrounds; every figure on the page links to its filing or article)

Egypt · [Pre-seed startup](https://millionrounds.com/companies)

# Who invested in *Balad*

One round we have observed, with the 7 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fintech

Funding summary Updated 26 Oct 2026

**Undisclosed** raised across 1 round since 2023, from 1 source

- **Latest round:** Pre-seed May 2023
- **Led by:** Acasia Ventures
- **Investors:** 7 (1 led)

See who backed them

## The rounds

- **May 2023** Pre-seed **USD seven-figure** [Acasia Ventures](https://millionrounds.com/fund/acasia-ventures) Lead [Launch Africa](https://millionrounds.com/fund/launch-africa-ventures) [Magic Fund](https://millionrounds.com/fund/magic-fund) [Future Africa](https://millionrounds.com/fund/future-africa) [First Circle](https://millionrounds.com/fund/first-circle) [Sunny Side](https://millionrounds.com/fund/sunny-side) [V&R](https://millionrounds.com/fund/v-and-r) Reported by Acasia Ventures

## Everyone who backed them

[Acasia Ventures](https://millionrounds.com/fund/acasia-ventures) VC firm **1** round, led 1

[Launch Africa](https://millionrounds.com/fund/launch-africa-ventures) VC firm **1** round

[Magic Fund](https://millionrounds.com/fund/magic-fund) VC firm **1** round

[Future Africa](https://millionrounds.com/fund/future-africa) VC firm **1** round

[First Circle](https://millionrounds.com/fund/first-circle) VC firm **1** round

[Sunny Side](https://millionrounds.com/fund/sunny-side) VC firm **1** round

[V&R](https://millionrounds.com/fund/v-and-r) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=balad).

## Also claim to have backed them

This firm lists Balad as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[First Circle Capital](https://millionrounds.com/fund/first-circle-capital) VC firm Per its own site

## Quick answers about Balad

### Who invested in Balad?

Balad's investors include Acasia Ventures, Launch Africa, Magic Fund, Future Africa and First Circle, and 2 more on record. Acasia Ventures led its latest round.

### How much has Balad raised?

Balad has raised 1 round since 2023, none with a disclosed amount.

### When did Balad last raise?

Balad's most recent round was a Pre-seed in May 2023, led by Acasia Ventures.

### Who backed Balad first?

Balad's first round on record, in May 2023, was backed by Acasia Ventures, Launch Africa and Magic Fund and 4 others.

### What stage is Balad at?

Balad's latest named round is a Pre-seed, in May 2023.

### Where is Balad based?

Balad is based in Egypt.

### Who led Balad's rounds?

Acasia Ventures led the Pre-seed in 2023.

## Companies like Balad

In the same sector, and raised in the last eighteen months.

[**MNT-Halan** $425M · Oct 2026](https://millionrounds.com/company/mnt-halan)[**Paymob** $57M · Sept 2026](https://millionrounds.com/company/paymob)[**Fincart** $3.0M · Aug 2026](https://millionrounds.com/company/fincart)[**Blnk** $37M · Jun 2026](https://millionrounds.com/company/blnk)[**Lucky** $29M · Apr 2026](https://millionrounds.com/company/lucky)[**Breadfast** $60M · Feb 2026](https://millionrounds.com/company/breadfast)

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