Cairo Angels, Egypt’s leading network of business angels, is accepting applications for its Q1 Pitch Event, the first for the year which will see a few startups receive equity investments.
The event is open to early-stage startups in any sector that are close or beyond commercialization stage and have a clear and defensible competitive advantage.
Startups with export oriented products and services, and those in the agricultural, logistics and energy sectors will be given special consideration, as well as women-led businesses.
Cairo Angels seeks well-runned startups that are able to reach profitability with an investment of US$316,000 or less throughout the lifetime of the startup.
If your startup is based in Egypt (or North Africa) and fits the bill, you can apply here. The winning startups will receive between US$16,000 and US$63,000 in equity investments from Cairo Angels and other angel groups or early-stage venture funds.
Since inception in early 2012, Cairo Angels has invested more than US$700,000 in 15 startups with binding offers being made almost on a quarterly basis. Investees include Zoomaal, Eventtus, Instabug, Taskty and Simplex.