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VC firms Dar Ventures and Acasia Group have joined forces to launch the DarE Incubator in Egypt, aimed at advancing the entrepreneurship ecosystem in the architecture, engineering, and construction (AEC) industry. ....
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MAIN, GIZ launch set of free-standard legal documents for investors and early-stage founders In partnership with the German Development Cooperation implemented by GIZ Egypt (GIZ), The Middle East Angel Investment Network (MAIN), led by Egypt-based angel network Cairo Angels, has launched free standard Egyptian legal documents, in a step to make the deal-making process more efficient and hassle-free. The “open source” set of documents, comprising Equity Term Sheet, Shareholder Agreement and Subscription Agreement, are designed to save founders and investors time and money and help them create better deals. Investors, as well as startup founders, can access and download documents available on MAIN’s website. It is similar to the standard termsheet launched by Clara in December 2020. ....
Rise of angels: More money or more inexperienced investors? Angels are coming forth in the Middle East, more ready than ever to start investing in startups. Over the past year, several new angel investment networks have emerged, while existing networks are expanding their activities, hoping to contribute to, and benefit from the growth of startups and their technology. What began as a rather informal landscape, with keen investors coming together every so often to invest in startups in the region, has bourgeoned into well-established networks and syndicate structures providing crucial early-stage investment. Across the startup funding spectrum, angel investment is focused on the seed to pre-Series A investment stage, typically before a startup has a proven track record. Ticket sizes can range from $10,000 to $100,000 and in some cases, reach a few million. Given these smaller cheque sizes, angel investors tend to be more agile than traditional venture capital (VC) firm ....