The Cairo Angels is delighted to announce the launch of its fund-raising consultancy for early and growth stage startups operating in the Middle East and African regions.
The consultancy services will provide startups with high value advice and support
with the ins and outs of the fund raising process, including building financial
models, preparing a detailed financial plan, formulating strategy and drafting a
strategic direction memo, pitch preparation and delivery training, investor outreach
and assessment and negotiating and finalizing terms with investors.
The Cairo Angels is proud to announce a strategic partnership with Microsoft
through the 4Afrika Initiative to provide unique fund raising consultancy services
to five amazing startups selected by Microsoft located in Morocco, Kenya, Nigeria,
South Africa and Pakistan operating in diverse sectors such as Oil and Gas,
FinTech and HealthTech. The pilot program is well underway and already
demonstrating great results.
Aly El Shalakany, Chairman of The Cairo Angels, said: “We are very excited with
the launch of our consultancy arm to continue supporting early stage startups with
their journey. We are always looking to bring something new to the market and we
are confident that by combining our years of experience as investors and
leveraging our global network of investment partners, we can provide a unique
and compelling solution for startups. We could not have found a better partner
than Microsoft to successfully pilot this and we are deeply grateful for their support. Our objective is to apply our expertise to take the pain out of fund raising
and give founders more time to focus on what they do best: building great
businesses that will change the world.”
“African startups have the potential to address many pressing economic and social
needs. At Microsoft, we believe that empowering startups with funding and
solutions can engender meaningful change, both for those startups and for their
communities and countries. We are excited to partner with Cairo Angels and to
contribute our technological expertise, platforms and solutions to this process,”
said Muhammad Nabil, Head of Partners & Startups Development, Microsoft
About the Cairo Angels
The Cairo Angels is Egypt’s first formal network of angel investors and is
headquartered in Cairo, Egypt with operations in London, UK covering the
European region and Dubai, UAE covering the GCC region. The Cairo Angels
invests in and supports start-ups and early stage, high growth businesses across
the Middle East and Africa. The Cairo Angels is a founding member of MAIN, a
network of the leading angel investment networks in the MENA region.
About Microsoft 4Afrika
Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an
intelligent cloud and an intelligent edge. Its mission is to empower every person and every
organisation on the planet to achieve more.
The 4Afrika Initiative is Microsoft’s business and market development engine in Africa.
Launched in 2013, it aims to unlock and accelerate Africa’s potential to create technology not
only for the continent, but for the world.
In seven years, the 4Afrika initiative has reached 1,7 million small and medium businesses,
supported more than 300 startups, 12 accelerator partnerships, upskilled 108,000 Africans in
Microsoft Cloud Society, placed 926 interns with 176 partners with an 85 percent retention rate,
and produced 2,073 graduates from 19 Skills Labs, with an 85 percent employment rate. The
initiative has been recognised by the International Finance Corporation as a best practice
example of developing skills in sub-Saharan Africa.