HIMangel, Alex Angels, Cairo Angels, And AUC Angels Sign A Syndication Protocol

Yesterday, March 23^rd Alex Angels, AUC Angels, HIMangel, and Cairo Angels signed a syndication agreement that entailed co-investing in upcoming deals with the purpose of sealing more deals as business angel networks and building a pipeline of startups who have high potential for growth.

This was part of a masterclass and info session organised by Alex Angels. Khaled Ismail, Chairman of HIMangel, talked about the fundamentals, key concepts, and strategies of angel investing. Ismail also showcased what was happening in the region in terms of funding.

Following the masterclass, a panel discussion spurred addressing syndication which included Aly El Shalakany Chairman of Cairo Angels, Tarek El-Kady Chairman of Alex Angels, Ahmed Amin General Manager of the  AUC Angels, and Chairman of HIMangel, who highlighted that such an agreement will foster the collaboration between the various angel groups, capitalising on the strengths of the different members, and hopefully attracting more professionals to consider angel investing as an asset class. 

The event concluded with Alex Angels Q1 startup pitches where seven startups pitched to the investors of the three angel networks; which included Osta, Seater, Bel Shifa, Noqood, Opio, MayDay, and Eksab.