{"id":549520,"date":"2022-09-20T04:00:19","date_gmt":"2022-09-20T04:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/20\/cairo-angels-micro-vc-fund-nears-final-close-a-new-fund-in-the-works\/"},"modified":"2022-09-20T04:00:19","modified_gmt":"2022-09-20T04:00:19","slug":"cairo-angels-micro-vc-fund-nears-final-close-a-new-fund-in-the-works","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/20\/cairo-angels-micro-vc-fund-nears-final-close-a-new-fund-in-the-works\/","title":{"rendered":"Cairo Angels\u2019 micro-VC fund nears final close + a new fund in the works"},"content":{"rendered":"

<\/a> Angel investment group <\/strong>Cairo Angels<\/a><\/strong> will <\/strong>reach a third and final close of USD 5 <\/strong>mn on its micro-VC fund this quarter<\/strong>, CEO Aly El Shalakany (LinkedIn<\/a>) told us, confirming news first published by Amwal El Ghad. The fund reached its second close earlier this year, after closing its first round<\/a> in late 2021, El Shalakany said, without mentioning the size of either round.<\/p>\n

About the fund: <\/strong>The Cairo Angels Syndicate Fund (CASF) was launched last year with the aim of investing USD 100-250k in 20 startups in the Middle East and Africa over two and a half years, with a focus on Egypt, the UAE, KSA, Nigeria, Kenya and South Africa.<\/p>\n

CASF has <\/strong>so far deployed eight of those 20 investments: <\/strong>The fund has invested in scientific research startup Nawah Scientific<\/a>, edtech startup Orcas<\/a>, Kenyan fintech startup FlexPay<\/a>, fintech startup Finclusion Group<\/a>, and Nigerian BNPL fintech startup CredPal<\/a>. The remaining three investments are yet to be announced, El Shalakany told us.<\/p>\n

More investments earmarked for 2022: <\/strong>The fund will invest in three more startups before the end of the year \u2014 a local fintech firm, an Egyptian agritech company, and a third startup that has yet to be chosen, El Shalakany said, without disclosing any further details.<\/p>\n

Another fund already in the works: <\/strong>Cairo Angels is looking to launch its second, larger fund before the end of the year, El Shalakany said, without specifying figures. It will have a very similar strategy to CASF, with a focus on early-stage startups across Egypt, Africa and the Middle East, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Angel investment group Cairo Angels will reach a third and final close of USD 5 mn on its micro-VC fund this quarter, CEO Aly El Shalakany (LinkedIn) told us, confirming news first published by Amwal El Ghad. The fund reached its second close earlier this year, after closing its first round in late 2021, El […]<\/p>\n","protected":false},"author":1,"featured_media":549521,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[400,72,95,123,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-cairo-angels","tag-enterpriseam","tag-startup-watch","tag-startups","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"99271727-82d0-424a-be41-67d82d8eb254","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/9\/285.jpg","photo_position":"above","related_issue":[549507],"teaser":"","voice_url":""},"yoast_head":"\nCairo Angels\u2019 micro-VC fund nears final close + a new fund in the works - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/20\/cairo-angels-micro-vc-fund-nears-final-close-a-new-fund-in-the-works\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cairo Angels\u2019 micro-VC fund nears final close + a new fund in the works\" \/>\n<meta property=\"og:description\" content=\"Angel investment group Cairo Angels will reach a third and final close of USD 5 mn on its micro-VC fund this quarter, CEO Aly El Shalakany (LinkedIn) told us, confirming news first published by Amwal El Ghad. 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Angel investment group Cairo Angels reached first close on its Cairo Angels Syndicate Fund (CASF), it said in a statement (pdf) yesterday, without putting a figure on the value of the commitments it locked in for the first close.\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/254.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576027,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/08\/cairo-angels-launches-usd-3-mn-regional-fund\/","url_meta":{"origin":549520,"position":1},"title":"Cairo Angels launches USD 3 mn regional fund","author":"enterpriseam admin","date":"8 November 2020","format":false,"excerpt":"EXCLUSIVE- Cairo Angels launches USD 3 mn regional fund: Cairo Angels has launched a USD 3 mn fund, named the Cairo Syndicate Fund, to invest in tech and tech-enabled startups in Egypt and the wider MENA region, Chairman Aly El Shalakany told Enterprise. The nature of the region\u2019s startup activity,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547240,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/credpal-secures-usd-six-figure-funding-from-cairo-angels-eyes-stepping-foot-into-egypt\/","url_meta":{"origin":549520,"position":2},"title":"CredPal secures USD six-figure funding from Cairo Angels, eyes stepping foot into Egypt","author":"enterpriseam admin","date":"14 June 2022","format":false,"excerpt":"The Cairo Angels Syndicate Fund (CASF) has invested USD six figures in Nigerian BNPL fintech startup CredPal, the VC fund said in a press release (pdf). The capital will be used to finance the company\u2019s expansion into Egypt, Kenya, Ghana, and Cameroon.About CredPal: Launched in 2018 by Fehintolu Olaogun (LinkedIn)\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/CredPal-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546860,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/cairo-angels-syndicate-fund-invests-in-africa-focused-fintech\/","url_meta":{"origin":549520,"position":3},"title":"Cairo Angels Syndicate Fund invests in Africa-focused fintech","author":"enterpriseam admin","date":"31 May 2022","format":false,"excerpt":"Cairo Angels Syndicate Fund (CASF) is making a USD six-figure investment in Africa-focused fintech startup Finclusion Group, which uses AI to provide financial services products, according to a statement (pdf). This is CASF\u2019s second investment outside of Egypt and their third fintech investment, according to the release.About Finclusion: The startup\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/416.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545977,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/19\/cairo-angels-invests-in-uae-family-activities-app-qidz\/","url_meta":{"origin":549520,"position":4},"title":"Cairo Angels invests in UAE family activities app QiDZ","author":"enterpriseam admin","date":"19 April 2022","format":false,"excerpt":"The Cairo Angels Syndicate Fund has made an investment in Gulf family entertainment marketplace QiDZ, the VC fund announced in a statement (pdf) yesterday. A representative from the fund declined to disclose how much was invested when we asked, telling us only that it amounted to \u201csix figures\u201d while declining\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/323.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546585,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/22\/enterprise-is-visiting-planet-startup-in-nigeria\/","url_meta":{"origin":549520,"position":5},"title":"Enterprise is visiting Planet Startup \u2014 in Nigeria","author":"enterpriseam admin","date":"22 May 2022","format":false,"excerpt":"Enterprise is heading to the other side of the continent for a little visit: A couple of hours after we hit \u201csend\u201d on this morning\u2019s issue, one of us will be leaving on a jet plane to Lagos, Nigeria, with our friend Aly Shalakany, CEO of the Cairo Angels Syndicate\u2026","rel":"","context":"In "ENTERPRISE ON THE ROAD"","block_context":{"text":"ENTERPRISE ON THE ROAD","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-on-the-road\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/282.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=549520"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549520\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/549507"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/549521"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=549520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=549520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=549520"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=549520"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=549520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}