{"id":571730,"date":"2020-05-21T04:03:13","date_gmt":"2020-05-21T04:03:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/"},"modified":"2020-05-21T04:03:13","modified_gmt":"2020-05-21T04:03:13","slug":"alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/","title":{"rendered":"Alex Angels launching EGP 100 mn fund to support tech and communications startups"},"content":{"rendered":"<p><strong>STARTUP WATCH- Alex Angels is setting up a EGP 100 mn fund for local ICT <\/strong><strong>startups<\/strong>, with plans to invest the full EGP 100 mn before the year is out, <a href=\"https:\/\/bit.ly\/2XiMOKa\">according to Al Mal<\/a>. The group will disburse the first EGP 30 mn round to startups by September. The fund is expected to support selected startups by providing up 30-50% of their capital value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>STARTUP WATCH- Alex Angels is setting up a EGP 100 mn fund for local ICT startups, with plans to invest the full EGP 100 mn before the year is out, according to Al Mal. The group will disburse the first EGP 30 mn round to startups by September. The fund is expected to support selected [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[4987,214,72,125,2380,123,639],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-571730","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-alex-angels","tag-cit","tag-enterpriseam","tag-investment-watch","tag-speed-round","tag-startups","tag-technology","wpautop","entry"],"acf":{"mongo_id":"315ff1e9-5870-44be-a84b-305da29df107","is_powered_by":true,"section_story_id":"6e8865f7-5cd2-4c12-9ce9-ed5dcdbd6d18","story_type":"1","photo_url":"","photo_position":"above","related_issue":[571714],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Alex Angels launching EGP 100 mn fund to support tech and communications startups - 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\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alex Angels launching EGP 100 mn fund to support tech and communications startups\" \/>\n<meta property=\"og:description\" content=\"STARTUP WATCH- Alex Angels is setting up a EGP 100 mn fund for local ICT startups, with plans to invest the full EGP 100 mn before the year is out, according to Al Mal. The group will disburse the first EGP 30 mn round to startups by September. The fund is expected to support selected [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-21T04:03:13+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Alex Angels launching EGP 100 mn fund to support tech and communications startups\",\"datePublished\":\"2020-05-21T04:03:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/\"},\"wordCount\":73,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Alex Angels\",\"CIT\",\"EnterpriseAM\",\"investment watch\",\"SPEED ROUND\",\"startups\",\"technology\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/\",\"name\":\"Alex Angels launching EGP 100 mn fund to support tech and communications startups - 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Alex Angels is in the process of setting up an offshore company to manage the portfolio of its planned EGP 100 mn fund, Chairman Tarek El Kady told Enterprise. The group has\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":575868,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/02\/alex-angels-reinvests-in-mumm-ordera-and-el-gameya\/","url_meta":{"origin":571730,"position":1},"title":"Alex Angels reinvests in Mumm, Ordera, and El Gameya","author":"enterpriseam admin","date":"2 November 2020","format":false,"excerpt":"STARTUP WATCH- Alex Angels plans to make follow-on investments in Mumm, Ordera, and El Gameya as part of its new EGP 100 mn startup fund, Chairman Tarek El Kady said, according to Al Mal. 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The fund has invested EGP 257 mn since it was established in 2017, he\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":549520,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/20\/cairo-angels-micro-vc-fund-nears-final-close-a-new-fund-in-the-works\/","url_meta":{"origin":571730,"position":4},"title":"Cairo Angels\u2019 micro-VC fund nears final close + a new fund in the works","author":"enterpriseam admin","date":"20 September 2022","format":false,"excerpt":"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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