The Cairo Angels, a global network of angel investors focused on supporting startup opportunities in Egypt, the Middle East and Africa, is delighted to announce the launch of the Cairo Angels Syndicate Fund (the Fund), a micro venture capital fund that will invest in early stage startups in the Middle East and Africa.
The Fund aims to close and start investment in Q1 2021 and will target startups that are pre- Series A and looking to fuel growth and expand regionally. The Fund’s executive team, investment committee and board will provide a unique value proposition and will leverage their expertise and relationship capital in order to maximize impact with the investees.
The Fund has already started fundraising and invites investors who are interested in this exciting asset class to apply to join as a limited partner in the Fund. The Cairo Angels will be hosting an information session about the Fund on November 16th. If you wish to attend, all you have to do is to register through this link: https://bit.ly/3n4kOVQ
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 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”.
Nader Aboushadi, a member of the Fund’s board, said: “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”