New Cairo Angels Syndicate Fund is a Gamechanger for Early Stage Startups
The Egypt-based venture capital firm has launched a new fund for early stage startups with big potential across Africa and the Middle East.
With a global network of investors, spanning from the UK all the way to the UAE, the Cairo Angels are no strangers to the high impact startup landscape. Having invested early on in the likes of Instagbug, Eventus, Zoomaal and Elves, the eager investors certainly have a knack for spotting the next big thing. Hoping to spread their midas touch, the venture capital firm has announced a new fund, targeting high impact early stage startups across the Middle East and Africa, with a new micro venture format.
The newly announced Cairo Angels Syndicate Fund aims to close and start investment by Q1 2021, targeting pre-Series A startups that are looking to fuel regional growth and expansion. “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 democratize 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,” explains Aly El Shalakany, a member of the Fund’s investment committee and Chairman of the Board at the Cairo Angels.
The Fund has already started fundraising and opens the door for interested investors to join as limited partners, hosting a special informational session on the fund and its structure on November 16th, 2020 (you can register to attend here). “This is an exciting time for Cairo Angels as we embark on this new venture to create our first fund. Since we’ve been pioneers in the industry, we are confident that this fund will bring a lot of value to investors, startups and the community. This fund will create a unique opportunity for people to have access to innovative ideas at an affordable initial investment that is available for everyone,” says Nader Aboushadi, a member of the Fund’s board.
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Jan 31, 2024