About ASEC Cement
ASEC Cement is a company based in Cairo (Egypt) founded in 2005. Manufacturing unit in Middle East. ASEC Cement has raised $34.22 million across 3 funding rounds from investors including IFU and Suez Cement. The company has since been acquired.
Company details
ASEC Holding was founded in 2005 and is headquartered in Cairo, Egypt. Operations in the cement sector are managed through ASEC Cement, with production facilities located in Sudan and Algeria, alongside a facility under construction in Algeria and a license in Syria. Engineering, construction, and management services are handled by subsidiaries including ARESCO, ASEC Engineering, ASEC Automation, and ASENPRO, spanning Africa and the Middle East.
- Headquarters Cairo, Egypt
- Stage Acquired
- Website asecement.com
- Social LinkedIn
- Acquired by Suez Cement (Aug 2005)
- Total Equity Funding$34.22M (USD)
in 3 rounds
- InvestorsIFU
& 1 more
Funding Insights of ASEC Cement
ASEC Cement has successfully raised a total of $34.22M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $34.22M
- Total Rounds 3
- First Round $25.7M
(Mar 2005)
- Investors Count 1
All 3 funding rounds of ASEC Cement with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2013 | Series A | – | – | – | |
| Jun 2010 | $8.52M | Series A | – | IFU | – |
| Mar 2005 | $25.7M | Series A | – | – | – |
2 investors in total: 2 institutional.
Investors in ASEC Cement
ASEC Cement has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include IFU and Suez Cement.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm | 1967 | ifu.dk | Copenhagen, Denmark | |
Cement is manufactured by Suez Cement in Egypt. | 1977 | suezcement.com.eg | Cairo, Egypt |
Investor details for ASEC Cement
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of ASEC Cement
4 dated milestones of ASEC Cement across 8 years, from founding to its latest funding, stage changes and deals.
- Founded ASEC Cement is founded.
- Funding First funding round of $25.7M.
- Exit Acquired by Suez Cement.
- Funding Latest funding round, Series A,.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about ASEC Cement
ASEC Cement was founded in 2005.
ASEC Cement is headquartered in Cairo, Egypt.
ASEC Cement is a funded company, having raised a total of $34.22M across 3 funding rounds to date. The company's 1st funding round was a Series A of $25.7M, raised on Mar 2005.
ASEC Holding was founded in 2005 and is headquartered in Cairo, Egypt. Operations in the cement sector are managed through ASEC Cement, with production facilities located in Sudan and Algeria, alongside a facility under construction in Algeria and a license in Syria. Engineering, construction, and management services are handled by subsidiaries including ARESCO, ASEC Engineering, ASEC Automation, and ASENPRO, spanning Africa and the Middle East.
ASEC Cement has 2 investors. Key investors include IFU, and Suez Cement.
Yes. ASEC Cement was acquired by Suez Cement in August 2005.