Cairo Angels Funding Application

    Our focus is on early-stage companies – across all sectors – looking to raise LE 250,000 to LE 2 million, where we can fund a portion of the round and syndicate with other angel groups or early-stage venture funds. The company should be close or beyond commercialization stage and have a clear and defensible competitive advantage. We are looking for well articulated and cost-efficient businesses that can reach profitability preferably with a total investment of less than EGP 5 million of equity investment over the lifetime of the company. Our minimum target return is 3 – 5 times our money back in 3 – 5 years (“three to five, in three to five”) though we firmly believe that ten times return is achievable in the Egyptian market.

     

    The Ask: Startups raising an amount between 250K - 2M EGP.

    The Stage: Startups looking to fund their initial market growth, with a ready prototype, proof of concept and preferably with some market validation

    The Business Model: Startups should have a scalable business model, and are close to commercialization or post-revenue

    The Sector: We have no sector preference but are interested in tech-based businesses, logistics, renewable energy and agribusiness

    The Team: A strong team with a vision and ability to execute




    Application Criteria

    Industry: Technology, Delivery & Logistics, Agriculture, Renewable Energy

    Development Stage: Launch, SEED

    Geographical Focus: Egypt, Saudi Arabia (KSA), United Arab Emirates (UAE)

    Difficulty applying ? Contact info@magnitt.com