Simplex CNC Secures 8-Figure Investment to Boost Egypt’s Manufacturing

Simplex CNC, a leading CNC manufacturing company in Egypt, has secured an eight-figure investment from an angel investor. Facilitated by Exits MENA, this deal reflects the increasing interest in Egypt’s manufacturing sector and the opportunities for growth in the region.

Founded by Ahmed Shaaban, Simplex provides CNC products to a wide range of industries, including manufacturing to automotive. Through this transaction, Exits MENA looked to connect high-impact startups with strategic investors.

The funding will allow Simplex to invest in advanced manufacturing technology and target new markets, with the goal of establishing Egypt as a hub for manufacturing innovation. This fundraising round will help Simplex enhance CNC manufacturing in the region, with the hope of driving economic development, creating jobs and advancing technology.