Cairo Angels an Egypt-based network of angel investors recently announced its fundraising and hopes to close in the first quarter of 2021.
The network invests in and lends support to early-stage startups with the potentials of high-growth business rates.
Cairo’s Angel syndicated investment fund targets pre-Series A startups looking to expand beyond their region.
The Cairo Angel team believes that its board and investment committee have the capacity to offer a unique value proposition, through leveraging their relationship to maximise their portfolio startups.
Aly El Shalakany, a member of the fund’s investment committee, said:
“We are always looking at ways to bring new ideas and innovation to our region and launching the fund is the next step in our evolution.
We have enjoyed great success investing in this space and we now want to democratise access to this exciting asset class to active and passive investors alike.
Our new model will bring something different to the market and provide much needed capital to a clear gap in the funding life cycle of startups in our region,”
Interested investors willing to participate are invited to join. Cairo Angels will host a session in this regard on Monday, November 16, 2020.
Featured Image: wamda
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