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§ Venture Capital · Egypt
Angel investment network & early-stage fund for seed/pre-seed technology-enabled startups in Africa & MENA.
Alex Angels, also known as the Alexandria Angel Network, is an angel investment network and venture capital firm based in Alexandria, Egypt, that provides early-stage funding to technology-enabled startups. The organization pools capital from individual and corporate investors to make direct equity investments in seed and pre-seed ventures across the Middle East and Africa. The network has completed approximately 200 investments in 200 startups and expanded its operations by launching a dedicated $6.3 million early-stage fund in 2020. Recent transaction activity includes executing $100,000 convertible note deals to support emerging financial services and technology companies. The firm operates under the leadership of general partners Tarek El Kady, Loay Shawarby, and Walid Bakr, and maintains strategic affiliations with the broader Med Angels network. Alex Angels was founded in December 2016 by Tarek El Kady.
Key people at Alex Angels (Alexandria Angel Network).
Alex Angels (Alexandria Angel Network) has 2 tracked investments across 2 companies. The latest tracked deal is $1.0M Seed in Sprints in April 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2022 | Sprints | $1.0M Seed | Alex Angels (alexandria Angel Network) | 500 Falcons, Egypt Ventures, Endure Capital, AUC Angels, Cairo Angels, Cubit Ventures, Edventures, Etgar Challenge Fund, Falak Startups |
| Dec 1, 2018 | Nawah Scientific | $1.0M Seed | — | 500 Falcons, Endure Capital, Egypt Ventures |
Key people at Alex Angels (Alexandria Angel Network).
Alex Angels, also known as Alexandria Angel Network, is an early-stage investment firm focused on backing startups with strong management teams, primarily in the financial services and exchanges sectors. Their mission centers on supporting promising seed-stage companies, especially within Egypt and the broader MENA region, by providing capital and strategic guidance to accelerate growth. The firm emphasizes fintech, blockchain, AI, and data science sectors, aiming to foster innovation and sustainability in emerging markets. By leveraging a network of over 70 experienced investors, Alex Angels plays a critical role in nurturing the startup ecosystem in Alexandria and beyond, helping startups scale and achieve successful exits[1][2][3][5].
Founded as Egypt’s second angel network, Alex Angels emerged to fill a gap in early-stage funding for technology-driven startups in Alexandria and the MENA region. The network was established with a focus on seed-stage investments, targeting companies with strong business cases and capable leadership. Key partners include Tarek Kady, Farida Maree, Rawda Mohamed, and Ali Ashraf, who bring extensive experience in early-stage investments across technology and consumer sectors globally. Over time, the firm has evolved to emphasize sectors like fintech and blockchain, reflecting market trends and regional opportunities[1][3].
Alex Angels rides the wave of increasing fintech adoption and digital transformation in emerging markets, particularly in Egypt and the MENA region. The timing is favorable due to rising demand for innovative financial services, blockchain applications, and AI-driven solutions in these markets. By focusing on early-stage companies with strong management, Alex Angels helps bridge the funding gap that often limits startup growth in the region. Their influence extends beyond capital provision, fostering a vibrant ecosystem that encourages innovation, entrepreneurship, and sustainable economic development[1][3][5].
Looking ahead, Alex Angels is well-positioned to capitalize on the accelerating digital finance trends and the growing startup ecosystem in the MENA region. As fintech and blockchain technologies mature, the firm’s focus on these sectors will likely yield new investment opportunities and further successful exits. Their expanding network and hands-on support model suggest a continued influential role in shaping the region’s innovation landscape. The firm’s evolution will likely align with broader market forces such as increased regulatory support for fintech and growing investor interest in emerging markets, reinforcing its mission to empower early-stage companies with strong leadership[1][3][5].
