{"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 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-05-21T04:03:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alex Angels launching EGP 100 mn fund to support tech and communications startups\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Alex Angels launching EGP 100 mn fund to support tech and communications startups - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/","og_locale":"en_US","og_type":"article","og_title":"Alex Angels launching EGP 100 mn fund to support tech and communications startups","og_description":"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;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-05-21T04:03:13+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@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 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2020-05-21T04:03:13+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/alex-angels-launching-egp-100-mn-fund-to-support-tech-and-communications-startups\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Alex Angels launching EGP 100 mn fund to support tech and communications startups"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":574794,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/22\/alex-angels-postpones-launch-of-egp-100-mn-fund-to-november-2020\/","url_meta":{"origin":571730,"position":0},"title":"Alex Angels postpones launch of EGP 100 mn fund to November 2020","author":"enterpriseam admin","date":"22 September 2020","format":false,"excerpt":"STARTUP WATCH- Alex Angels is setting up an offshore vehicle to manage its EGP 100 mn startup fund. 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. El Kady said the fund would be writing cheques in the EGP 500k to EGP 2\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":572578,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/flat6labs-cairo-to-triple-capital-to-egp-150-mn-invest-in-fintech-startups\/","url_meta":{"origin":571730,"position":2},"title":"Flat6Labs Cairo to triple capital to EGP 150 mn, invest in fintech startups","author":"enterpriseam admin","date":"30 June 2020","format":false,"excerpt":"STARTUP WATCH- Flat6Labs Cairo to triple capital to EGP 150 mn, has appetite for fintech: Flat6Labs Cairo, sub-fund of regional tech accelerator Flat6Labs, is in the process of raising its capital to over EGP 150 mn, from an original EGP 50 mn, through a private placement that will close today,\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":576065,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/09\/egypt-ventures-to-invest-egp-62-mn-in-2020\/","url_meta":{"origin":571730,"position":3},"title":"Egypt Ventures to invest EGP 62 mn in 2020","author":"enterpriseam admin","date":"9 November 2020","format":false,"excerpt":"STARTUP WATCH- Government-backed VC fund Egypt Ventures plans to close out 2020 having invested EGP 62 mn over the previous 12 months, CEO Ahmed Gomaa said during a meeting with International Cooperation Minister Rania Al Mashat. 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":557676,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/28\/flat6labs-raised-usd-7-mn-in-second-close-for-tunisia-fund\/","url_meta":{"origin":571730,"position":4},"title":"Flat6Labs raised USD 7 mn in second close for Tunisia fund","author":"enterpriseam admin","date":"28 September 2021","format":false,"excerpt":"Flat6Labs announced the second close for its Tunisia-based Anava Seed Fund, during which it raised USD 7 mn, pushing the fund\u2019s total commitments to USD 10 mn, the company announced (pdf). The fund aims to invest in 75 Tunisian early-startups in a five-year period.The fund was launched in 2017 in\u2026","rel":"","context":"In &quot;Startup watch&quot;","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\/9\/377.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554019,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/16\/aim-technologies-closes-sequence-ventures-led-seed-round\/","url_meta":{"origin":571730,"position":5},"title":"AIM Technologies closes Sequence Ventures-led seed round","author":"enterpriseam admin","date":"16 December 2021","format":false,"excerpt":"AIM Technologies closes Sequence Ventures-led seed round: Cairo-based AIMTechnologies has raised an undisclosed amount during a seed round led by local VC firm Sequence Ventures, according to a joint statement (pdf) out yesterday.This is the first investment in Sequence\u2019s Egypt Deep-Tech fund, which was launched earlier this quarter to channel\u2026","rel":"","context":"In &quot;Startup watch&quot;","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\/367.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\/571730","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=571730"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/571730\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/571714"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=571730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=571730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=571730"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=571730"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=571730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}