EGYPTIAN CHATBOT STARTUP ELVES RAISES $2 MILLION SEED INVESTMENT

December 1, 2017

Elves, Egypt's first ‘Human Siri’ that connects people to real assistants, announced the successful closing of its seed round at more than $2 million, now the largest seed in the region’s history. Participating investors included Emaar Industries & Investments, The Dubai Angels, the Kauffman Fellows Syndicate, and several others from the region and t ...

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Cairo-based B2C delivery startup Bosta raises seed investment from Fawry

December 16, 2017

Egyptian on-demand delivery startup Bosta has raised an investment from Fawry, country’s leading electronic payment provider. The size of investment was not disclosed but we have confirmed that it’s a six-digit (US dollar) round. It’s the third time that the startup has raised an investment this year. They had raised $225,000 in two more rounds (also seed) fr ...

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Eventtus Raises US$2 Million From Algebra Ventures And 500 Startups

November 16, 2017

Eventtus, an events management platform, leverages the momentum, and has announced its successful raise of US$2 million in a Series A round from Algebra Ventures and 500 Startups. The startup has previously raised $175,000 in November 2013 from Cairo Angels and Vodafone Ventures, followed by a $450,000 from Raed Ventures and MEVP in 2016, raising a total of $2.65 m ...

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Cairo Angels' Powerhouse Menna Abdel Rahman Reveals How to Approach an Investor and Strike a Deal

October 24, 2017

"Angel investing is not just about money," she says. "If the startup has active angels, they organically provide mentorship, access to networks and support with both human and social capital, in addition to the financial capital they invest. Ultimately, the mindset is that the support from the angel needs to go all the way, because a startup’s succ ...

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Cairo Angels is Looking For The MENA'S Most Determined Startups

September 22, 2017

"We host regular investment rounds and are always looking to find brilliant and innovative entrepreneurs who are working on a great product or service," Abdelrahman says. "Through Cairo Angels they can access seed funding from the leading business angels in Egypt; we are looking for startups looking to propel their first leg of growth into the market ...

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How A Cairo Startup Used Facebook's Messenger To Make $80,000 A Month

July 30, 2017

Elves is interesting for three reasons. It’s a sign of how fast the Egyptian ecosystem is evolving; it offers a window into how Facebook’s Messenger is evolving as a platform for third-party software, and it offers a (somewhat disturbing) window into the way artificial intelligence is evolving.

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Cairo Angels Follows Numu Capital By Investing in Egypt’s Bosta

July 16, 2017

“We are very pleased to have closed the Bosta deal and we look forward to working closely with the team to help them realize their full potential,” Aly El Shalakany, Chairman of Cairo Angels, said.

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Cairo Angels invests in Orcas

May 24, 2017

Taher, who is also the CEO of Orcas, said: “We are delighted to partner with the Cairo Angels and to achieve this important milestone. We are now well capitalized to take Orcas to the next level and we look forward to working with some of the strongest mentors in the region to enhance our product offering and expand regionally”.

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Egyptian jobs startup HireHunt raises funding from Cairo Angels

October 13, 2016

HireHunt is a recruitment platform where applicants can showcase their skills by completing tasks, after which they are findable and can be hired by employers.The funding from Cairo Angels, plus a handful of individual angel investors, will be used to scale the startup further in what is a competitive market.

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