Cairo Angels Syndicate Fund Announces First Close

Cairo Angels, one of the Middle East and Africa’s leading network of business angels announces the first close of the Cairo Angels Syndicate Fund (CASF), a Delaware-based angel fund. The Cairo Angel Syndicate Fund (CASF) will invest ticket sizes of USD 100 K – USD 250 K in early-stage startups across the Middle East and Africa, with a focus on Egypt, the UAE, Saudi Arabia, Nigeria, Kenya, and South Africa. The fund also negotiates additional co-investment rights for its LPs on a deal-by-deal basis, allowing the funds’ investors to double down on opportunities.