Egypt: Alexandria Angels launches $6.3mln seed fund to support startups
Tuesday, 28 April 2020 10:17
Egyptian investment firm Alexandria Angels launched a seed fund called Alex Angels Fund aiming at mobilizing $6.3 million to back tech startups in Egypt.
The company said the first investment is expected by the end of the third quarter of this year. It targets startups with promising development opportunities in big markets.
Alexandria Angels was operational since December 2016 and has already carried out three operations on the Egyptian market. The company has the support of a group of investors, mainly foreign financial institutions and organizations dedicated to financing the private sector.
Chamberline Moko
Live News
-
Africa’s True Size: The African Union Pushes to Redraw the World Map
06:57
-
South-Africa Based FirstRand Eyes Kenya as the Banking Capital Rules Opens M&A Opportunities
05:22
-
Dakar’s Art Revolution: Why Galerie36 Is Your Gateway to Contemporary African Creativity
19:50
-
Tanzania Launches Five Special Economic Zones to Boost Industrial Investments
18:51
-
Togo Secures €22.5 Million from Luxembourg to Accelerate Eco-Transition and Biodiversity Protection
13:59
-
After Burkina Faso and Mali, Niger Extends Salkadamna Coal Project Invitation to Togo
13:28
-
Nunya Tomey Connects Beauty Professionals With Clients Across Ghana
08:48
-
Cameroon Seeks CFA165bn IsDB Aid to Rebuild Douala-Yaoundé Road
08:31
-
With 60% of Africans Projected in Cities by 2050, Smart Solutions Gain Urgency
07:53
-
Togo Calls on Organic Producers to Align with Updated European and American Certification Requirements
16:38
Nearly 400,000 mango seedlings distributed to farmers nationwide from June to August 2025. Pr...
Starlink lost 2,000 Kenyan users in Q1 2025, dropping to 17,066, as local ISPs grew 8%. High...
• New system will link banks, fintechs, and mobile operators in a single platform• Real-time transfe...
President Bola Tinubu signs NIIRA 2025, replacing the 2003 insurance law. The law raises capi...
Abdul Samad Rabiu is now the richest investor on NGX, with ₦15.23 Trillion in BUA Foods and Cement...
• AU launches campaign to replace distorted Mercator map projection• Equal Earth map promoted to show Africa’s true size• Goal: restore Africa’s global...
Five SEZs near Dar es Salaam target textiles, pharmaceuticals, automotive, and agri-processing. Investors offered land, tax breaks, and...
The plant could produce over 10 million tires annually at full capacity. First phase of the project to start in 2026. Project aims to cut Africa’s...
(GSMA)-MWC25 Kigali, the African continent's largest and most influential connectivity event, will return on 21- 23 October with a dynamic agenda...
Galerie36 in Dakar showcases modern African art, fostering cultural exchange. Ayofemi Kirby’s intimate gallery redefines art spaces with a community...
EU rolls out biometric Entry/Exit System in Oct 2025, replacing passport stamps. Visa-free African states face new checks, longer queues, and strict...