Alex Angels (Alexandria Angel Network)

What is Alex Angels (Alexandria Angel Network)?

Alex Angels, also known as the Alexandria Angel Network, is an investment fund established in December 2016 as the first angel network in Alexandria and the second within Egypt. They bring together an extensive network of over 70 experienced investors to fund and support early-stage startups, focusing primarily on FinTech and financial services industries. The fund is dedicated to bridging the funding gap present at the seed stage by offering financial support ranging from a minimum investment of $5,000 to a maximum of $50,000, with a sweet spot of $25,000 for investments.

They specialize in Pre-Seed, Seed, and Series A funding rounds, and boast an impressive portfolio of more than 30 companies. Alongside funding, they provide hands-on assistance to foster high-growth potential in these early ventures. Alex Angels has achieved successful exits, reflecting their astute investment strategies and support system, with a current return on investment (ROI) between 4X to 8X on two full exits and three partial ones.

The overall portfolio ROI stands at a remarkable 6X, highlighting both realized and unrealized gains. Their mission goes beyond money; they strive to connect entrepreneurs with the necessary people and resources to facilitate autonomous growth and success in sizable, flourishing markets.

Alex Angels proudly reports that 70% of their investee companies are still active, demonstrating the efficacy of their investment approach and the value of their contributions to the startup ecosystem in Egypt and the MENA region. The fund manages assets totaling $6,300,000 and features a team of experts committed to nurturing investor relations and engaging with the startup community to achieve sustainable business growth and lucrative returns for their network of investors.