Averroes Ventures Mohamed El-Sewedy Acquires Magma via Averroes Ventures for an Undisclosed Amount Averroes Ventures, an Egyptian early-stage VC firm backed by the Mohamed El-Sewedy, has acquired sportswear startup, Magma for an undisclosed sum. Averroes Ventures’ acquisition of Magma, one of Egypt’s By Blessed Frank / 20 Jul 2022
