Cairo Angels announced its investment in Orcas, an edtech startup for education, tutoring and caregiving services.
Formerly Cairo Sitters, Orcas is a digital marketplace founded by Hossam Taher, Omar Fayez, Ahmed Ismail and Amira Gharib, and has already a loyal customer base in Egypt.
Taher, who is also the CEO of Orcas, said: “We are delighted to partner with the Cairo Angels and to achieve this important milestone. We are now well capitalized to take Orcas to the next level and we look forward to working with some of the strongest mentors in the region to enhance our product offering and expand regionally”.
The Orcas investment marks the Cairo Angels 20th investment in startups in the MENA region and underlines their long-standing commitment to funding high growth, innovative technology driven startups.
Aly El Shalakany, chairman of Cairo Angels, said: “We are very pleased to have closed the Orcas deal and look forward to working closely with the team to help them to realize their full potential. Education is a critical area for the region and we need to support businesses that can revolutionize this space”.
The Cairo Angels is Egypt's first formal network of angel investors and is located in Cairo, with a standalone chapter in London, UK. 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.