Cairo Angels has launched a syndicate investment fund to back pre-Series A startups in Africa and the Middle East. Cairo Angels, which invests in and supports startups and early-stage, high-growth businesses, said it has already started fundraising and aims to close during the first quarter of next year. The syndicate fund will target startups that are pre-Series A and looking to fuel growth and expand regionally, and Cairo Angels believes its executive team, investment committee and board will provide a unique value proposition, leveraging its expertise and relationship capital in order to maximise impact on portfolio startups. Investors who are interested in this asset class are invited to apply to join as a limited partner in the fund, and Cairo Angels will be hosting an information session in this regard on November 16.
SOURCE: DISRUPT AFRICA
More Stories
Local Footballers Protect Ghana’s Sea Turtles
Economic Pinch Forces Sudan’s Hand
Kenyan Stowaway Recuperating after Gruelling Flight
It’s Important to have Satellites Collecting Data about Africa, for Africa
African Innovation is Attracting More Interest from Global Investors
Was the Recent Vogue Cover The Best Way to Celebrate Black Beauty?
Kenya Selected for Listing in the Register of Good Safeguarding Practices
Malawi President Takes a Long Hard Look at His Cabinet
Africa’s Chief Health Leader Hopes to Put the Brain Drain into Reverse
Burkina Faso is the Latest West African State to Have a Coup
Las Vegas Resident Enjoys a Three-week Adventure through Egypt
Traveling along Namibia’s Skeleton Coast