Founder · Season 2, episode 5
Ahmed Shaaban
أحمد شعبان
Founder & Chairman, Simplex
Simplex asked
50M EGP
for 6% · valuation 833.3M EGP
The deal
50M EGP
Ahmed Tarek Khalil, Mohamed Farouk and Ahmed El Sewedy
About
An engineer, Ahmed Shaaban turned a Minya University graduation project on CNC technology into Simplex, which he co-founded with Mohamed Mansour in 2013. Simplex manufactures CNC machines in Egypt and raised $13M in 2025. In 2026 it opened a $50M, 40,000 m² factory in 10th of Ramadan City, and he was named a top-10 finalist of Africa's Business Heroes.
Startups on the show
Investors
Frequently asked questions
Who is Ahmed Shaaban?
An engineer, Ahmed Shaaban turned a Minya University graduation project on CNC technology into Simplex, which he co-founded with Mohamed Mansour in 2013. Simplex manufactures CNC machines in Egypt and raised $13M in 2025. In 2026 it opened a $50M, 40,000 m² factory in 10th of Ramadan City, and he was named a top-10 finalist of Africa's Business Heroes.
What company did Ahmed Shaaban pitch on Shark Tank Egypt?
Simplex: Simplex designs and manufactures computer-controlled (CNC) machines such as routers, plasma cutters, fiber lasers and milling machines.
Did Ahmed Shaaban get a deal on Shark Tank Egypt?
Yes, Simplex closed a deal with Ahmed Tarek Khalil, Mohamed Farouk and Ahmed El Sewedy: 50M EGP for 27.5%.
Which shark invested in Ahmed Shaaban's company?
Ahmed Tarek Khalil, Mohamed Farouk and Ahmed El Sewedy.
How much did Ahmed Shaaban ask for on Shark Tank Egypt?
Simplex: 50M EGP for 6%.
When was Ahmed Shaaban on Shark Tank Egypt?
Simplex: Season 2, episode 5 (2023-2024). Details →