Cairo Angels, a global network of investors focused on supporting startup opportunities in Egypt, the Middle East and Africa, announced its plans for expanded participation in the region’s leading startup event: RiseUp 2016.
Cairo Angels will hold its annual follow-on funding event in conjunction with RiseUp under the name Bridge Rounds. This will include finalists from the MEA region and will be attended by leading regional and global venture capital firms.
Aly El-Shalakany, chairperson of Cairo Angels, said the organisation is very pleased to be joining forces with RiseUp this year to address this important gap in the ecosystem. “We have built a good record in angel investments and want to help startups obtain their next rounds of investment—perhaps bigger than angel investment levels but lower than the typical series A levels,” he added.
He pointed out that follow-on investment address the gap between $100,000 and $1m.
Menna Adelrahman, general manager of Cairo Angels said they received a large number of applicants from 10 countries and have been able to narrow this down to seven winners who will present their ideas at the summit.
In addition to the follow-on funding conference, Cairo Angels will be conducting workshops to answer questions by both first-time investors and entrepreneurs on “securing your first investment” and “effective deal leadership” by providing in-depth practical insights on due diligence, deal structuring, and closing.