The 138 Pyramids venture capital fund, managed by Delta Inspire, has named Inas Abdel Moneim as its new Managing Director.
Abdel Moneim is to spearhead the company’s service expansion, and help portfolio startups connect to corporates for further growth. She brings hands-on expertise and best practices from her work with multinationals and corporates to the portfolio companies.
With over 25 years of experience in corporate strategy and business transformation, Abdel Moneim has worked on major international mergers and acquisitions abroad. It also includes work with mega investments in PepsiCo, GlaxoSmithKline, and Kingdom Hotels.
She has been active in multiple industries, including healthcare, banking, investments, financial institutions, government, oil and gas, fast-moving commodity goods (FMCGs), hospitality and real estate. Throughout her career path, Abdel Moneim has marked her presence in HSBC Bank, the Abu Dhabi Government – Ministry of Tourism, Kraft Foods and many others.
“138 Pyramids has a very energetic, young team and they need to have a ‘deep bench’. Under the leadership of Neveen El Tahri, I am excited to steer the company towards strategic growth, and supporting our portfolio companies,” Abdel Moneim said. “With our core values of transparency and integrity, we aim for 138 Pyramids to be perceived as the ideal model of action and caring.”
The company was founded by Neveen El Tahri, Chairperson of Delta Inspire, with the aim of building 138 strong Egyptian companies. The 138 Pyramids team guides and delves deep into each portfolio company’s decision-making processes, advising them towards corporate governance best practices, and ensures the business reaches its goals through financial analysis and planning.
“138 Pyramids is a venture capital firm that co-builds and invests in growth startups, by giving them access to networks, expertise and guidance at every stage. With a strong commitment to building modern-day ‘pyramids’, the firm strengthens the solid foundation of businesses through a customised investment model,” El Tahri said. “This falls directly in line with Inas’ expertise and background, strengthening our confidence in taking our portfolio companies to the next level.”
As a company, 138 Pyramids invests in different sectors including, but not limited to, food, fashion, and services. With a strong commitment to building modern-day “pyramids”, 138 Pyramids strengthens the solid foundation of businesses through a customised investment model, and has helped 15 startups since its inception in 2014.