New York-based Modus Capital, an entrepreneurial development and investment fund, officially launched its operations branch in Egypt on November 7, Invest-Gate reports.

“We are very excited to announce our official launch in Egypt; we have been preparing for the last thirteen months, and we intend to work closely with our local partners to build the ecosystem, drive positive social change, whilst generating profits for our investors,” Managing Partner and Founder of Modus Kareem Elsirafy said in an official statement.

Founded in 2015, the company’s vision is to develop a sustainable MENA entrepreneurial ecosystem that empowers business owners to thrive and solve market challenges. It operates with four verticals that provide entrepreneurs with the foundation to establish successful companies: Modus Capital, Modus Collective, Modus Events, and Modus Operations.

The Modus Capital is the investment arm of the company and provides a de-risked investment product via a diversified portfolio construction, funding strategy, and focus on ecosystem development. Whilst Modus Operations was designed to develop, operate, and grow companies by offering “consistent, holistic support” throughout the company’s growth stages.

As per Modus Events, it is set up to contribute to the ecosystem’s development through strategic events that facilitate knowledge transfer and collaboration; and Modus Collective is set up for both prospective and existing portfolio companies as the collaborative space of Modus.