ALEX ANGELS NEWS & UPDATES
|
|
Alex Angels First Member Luncheon
|
|
|
Alex Angels was delighted to kick start 2019 by conducting the first member luncheon on Saturday 23rd of Feb at Byblos restaurant, Four Seasons Hotel Alexandria.
We were able to review and discuss the Q4 2018 Pitches with our valuable members, share the due diligence we performed on startups, announce the deals we negotiated, and will soon come to a final investment decisions. In addition, we shared with our members our 2019 vision and plans as a network.
|
|
Alex Angels New Members On Board
|
|
|
We are delighted to welcome two new members on board.
|
|
|
|
|
|
ALBERT SHEHFE
CHIEF OPERATING OFFICER
SHEHFE CASINGS CO.
|
|
|
|
|
|
HUSSAM MAZEN
MANAGING PARTNER
UNIMAS SHIPPING AGENCY
|
|
|
|
|
The 2018 Global CVC Report
|
|
|
A comprehensive, data-driven look at global corporate venture capital activity in 2018.2018 CVC funding increased approximately 47% over 2017 and deals increased 32% over the same period. Q2’18 saw a record 757 CVC deals and $14.1B in funding. Download Report
|
|
The 2018 MENA Venture Investment Report
|
|
|
In case you missed this in our last newsletter!
The report highlights strong growth with a record number of transactions and an increase in total funding across MENA-based startups, up 31% from 2017... Download Report
|
|
How Egypt became the fastest-growing nation for start-ups in Mena
|
|
|
For the inaugural Wamda X fellowship programme in Dubai, 600 applicants were whittled down to 27 hopeful start-ups to present their business ideas, go through interviews and answer case study questions over a couple of days before eight finalists were selected. Read more
|
|
INVESTMENT HIGHLIGHTS | LOCAL
|
|
|
Cairo-based online grocery startup GoodsMart has raised additional funding from Algebra Ventures, ahead of its upcoming Series B round, the startup announced today. Algebra had previously invested $750,000 in Series A round of the startup in May 2017. Read more
|
|
|
Trella, the trucking marketplace that connects shippers with carriers, announced that it has raised $600k+ in a pre-seed funding round led by Algebra Ventures, with participation from strategic investors, global VCs, and notable angel investors including Esther Dyson and Jambu Palaniappan. Read more
|
|
|
GoodsMart, the household shopping app that has transformed the shopping experience using unattended delivery, has announced that it has secured additional funding from Algebra Ventures, Egypt’s leading venture capital fund, ahead of its upcoming Series B round. Read more
|
|
|
Egypt-based solar energy firm, KarmSolar, has signed a $90 million solar distribution contract with Cairo3A Poultry, a subsidiary of Cairo3A Group, to power its farm with solar energy.This is one of KarmSolar’s biggest signed agreements and has doubled its subsidiary, KarmPower's, pipeline of projects. Read more
|
|
INVESTMENT HIGHLIGHTS | REGIONAL
|
|
|
Dubai-based property website Bayut.com’s parent company Emerging Markets Property Group (EMPG), also headquartered in Dubai, has raised $100 million Series D, the company announced today. The round was led by a US-based family investment fund KCK Group and eight other investors including Exor Seeds, an investment fund associated with Exor – one of Europe’s leading diversified holding companies with a capitalization of about $24 billion.Read more
|
|
|
Tunisian doctor booking platform Med.Tn has raised little over $650,000 (2 million Tunisian Dinars to be precise) in funding from one of country’s leading insurance companies, Carte Groupe. Med.Tn had first announced the round in December last year and closed it last month. Read more
|
|
|
Cincinnati-based learning platform Besomebody that specializes in job placement and employer services has acquired a Dubai-founded augmented reality startup Pixelbug, Besomebody announced last week, without disclosing financial details of the deal.Read more
|
|
|
Tunisia-founded mobility solutions platform TravelCar, now headquartered in Europe was acquired by France-based automobile manufacturer Groupe PSA. Through this acquisition, TravelCar plans to speed up the dissemination and optimisation of its services. Read more
|
|
|
Jeddah-based fitness startup GetMuv has raised $1.5 million investment from Saudi Aramco’s venture capital arm, Wa’ed Ventures, the firm announce today. Read more
|
|
|
Kuwait-based Cofe has raised $3.2 million in Pre-Series A funding for its coffee-centric marketplace app, the startup announced today, adding that the investment came from different VC funds of the region and Silicon Valley. The round was led by Kuwait’s KISP Ventures with Lebanon’s Cedar Mundi, Oman’s Towell Holding International, Takamul Capital and Dividend Capital from Bahrain, and Nizar AlNusif Sons Holding and Arab Investment Company from Kuwait. Read more
|
|
|
Lunch:on, a Dubai-based office lunch delivery startup has raised $3 million Series A investment, Wamda reported today, adding that the first closing of the round was led by Wamda Capital, EATventure, Arzan VC, Abu Nayyan Holding, and others. Dubai Angel Investors and AlJammaz Group also joined the round, MENAbytes has learned. Read more
|
|
|
Lebanese beauty ecommerce startup has raised Series A funding round, the startup announced in a statement to MENAbytes last week, without disclosing the size of the investment. The investment round that was closed late last year came from Equitrust, investment arm of leading media conglomerate of the region Choueiri Group, and some other private investors. Read more
|
|
|
Dubai-based delivery and logistics management platform Mile has raised seed funding in a round led by Saudi VC Riyad TAQNIA Fund, the Riyadh-based VC that was founded by Riyad Capital and TAQNIA announced today without disclosing size of the investment. Read more
|
|
|
Kuwait-based online fashion marketplace Nalbes has raised $2 million in its Series B round, the startup announced today. Read more
|
|
|
Saudi perfume and cosmetics ecommerce platform Golden Scent has closed a new round of investment, the startup announced today, without disclosing the size of investment. The startup had earlier raised its Series A investment a little over a year ago in a round led by Saudi Aramco’s Wa’ed, Entrepreneur Venture and EquiTrust and joined by Wamda Capital and Raed Ventures. Golden Scent had not disclosed the size of that investment that as well. Read more
|
|
|
Beirut-based tech accelerator Speed has just raised new funding from the Central Bank of Lebanon, which they’ll be using to run its acceleration cycles for the next 3 years. Read more
|
|
|
Bahrain’s Al Waha ‘Fund of Funds’ has allocated approximately $45 million of the $100 million announced at its launch in May 2018, according to fund manager Areije Al Shakar. Read more
|
|
|
Texas startups will soon have two new sources for capital.Crunchbase News has learned that two Austin-based venture capital firms,ATX Seed Ventures and Quake Capital, are in the process of each raising $100 million funds.Read more
|
|
|
Horizon Robotics, a Chinese AI semiconductor unicorn, has raised a massive $600 million Series B that takes its valuation to $3 billion, according to an announcementfrom the company.The latest round follows an October 2017, Intel Capital-led $100 million Series A. Read more
|
|
|
Scaleworks, a company that deals financially with SaaS businesses, announced its second fund this week. The new capital pool, dubbed “Fund II,” totals $80 million. That’s $20 million larger than its first $60 million fund, which closed two years ago this month. Read more
|
|
|
Rockets of Awesome, which operates a clothing subscription service and e-commerce site for kids, is the latest recipient of funding from Foot Locker Inc. Read more
|
|
|
Call it the Amazon effect. Since Amazon launched its two-day prime delivery service in 2005, retailers everywhere have clamored to get their stuff delivered faster in order to compete.Now, The Home Depot has put money into Atlanta-based startup Roadie to make sure its customers can get their orders faster. Roadie’s $37 million Series C round, announcedthis morning, also included participation from Warren Stephens and Eric Schmidt’s TomorrowVentures. Read more
|
|
|
|
|
