The Cairo Angels and Microsoft’s 4Afrika initiative want to take the pain out of fundraising for Middle East and Africa startups.
Cairo Angels has just announced the launch of its fundraising consultancy for early and growth-stage startups in the Middle East and Africa. Partnering with Microsoft through their 4Afrika Initiative, which works to improve digital access and support innovation in Africa, the consultancy’s pilot programme is working with five startups in Morocco, Kenya, Nigeria, South Africa and Pakistan operating in diverse sectors such as fintech, healthtech, and oil and gas.
The new consultancy arm is set to make fundraising much easier for entrepreneurs, leveraging Cairo Angels’ expertise and extensive network to take founders through the ins-and-outs of the process. Entrepreneurs will learn how to build financial models, prepare a detailed financial plan, formulate strategy and draft a strategic direction memo, prepare and deliver pitches, as well as the final steps of investor outreach, assessment, negotiations and finalising terms with investors.
“We are confident that by combining our years of experience as investors and leveraging our global network of investment partners, we can provide a unique and compelling solution for startups,” says Aly El Shalakany, Chairman of the Cairo Angels. “Our objective is to apply our expertise to take the pain out of fundraising and give founders more time to focus on what they do best: building great businesses that will change the world.”
“African startups have the potential to address many pressing economic and social needs,” says Muhammad Nabil, Head of Partners & Startups Development, Microsoft 4Afrika. “At Microsoft, we believe that empowering startups with funding and solutions can engender meaningful change, both for those startups and for their communities and countries.”
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