Modus Capital Launches First Fund, at $75M
Summary
The vehicle will invest in companies that have strong positive social impact as a by-product, including those with a focus on women and financial inclusion, health, education, and battling unemployment. Led by Kareem Elsirafy, Founder and Managing Partner, Modus Capital is making investments through an incubation program starting from USD $50k to $250k and up to $1m for Seed and Series A rounds. The fund has built its portfolio with 8 companies including: – DXwand, an AI driven Cognitive CRM software that automatically responds to businesses communications through various social channels, converting chats into proprietary insights and analytics further supporting data driven business and growth decisions. – Arbor, an app that lets users create, share, and manage a network in an efficient and green way. – Yumzy, an app where home and professional chefs can receive tips for their culinary masterpieces.