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Saturday, September 25, 2021

Cairo Angels launches a micro VC fund to invest in startups in MENA region & Africa

Cairo Angels, one of the leading and oldest angel networks of the region that has been eagerly investing in Egyptian startups, has launched a micro Venture Capital fund, it announced today in a statement to MENAbytes, saying that the fund will invest in early-stage startups in the Middle East & Africa

The angel networks normally source deals and share them with their members to have them invest in these opportunities. Unlike VCs, they don’t have funds that they can invest in startups directly (with the approval of their investment committee). So they’re basically raising money for every opportunity.

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