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The Venture Codex

Alexandria Angels

15 Saleh Bacha ST, Zizenia, Alexandria, Al Iskandariyah, Egypt

Overview

Alex Angels is an investment management company that helps investors to invest in early-stage companies with strong management teams. The company specializes in the fields of financial services, financial exchange, and investments. Alex Angels was founded in 2016 and headquartered in Al Iskandariyah, Egypt.

Total investments
4
Lead investments
1
Investments · 12mo
0
Active investors
6

Sector focus

  • Finance
  • Financial Services
Visit website

Investment portfolio

  • Suplyd

    Participated · Seed · Dec 2022

    Suplyd provides an end-to-end digital procurement solution for small and medium-sized restaurants, replacing fragmented daily orders with a single streamlined platform. The product connects operators with hundreds of quality products, offers real-time analytics, and delivers procurement insights to simplify restaurant supply procurement. The company intends to expand operations and its development efforts and to enter untapped areas across Egypt while accelerating the development of new service verticals. Suplyd has shown strong operational growth since its 2022 pre-seed, growing nearly 20x in restaurants served and value of goods delivered. Today it serves over 5,000 restaurant customers and continues to roll out new operational tools and services. Suplyd operates a B2B procurement platform for HoReCa businesses that digitizes order procurement, payment and fulfillment, giving restaurants on-demand access to a wide range of SKUs at competitive prices. The platform aims to bring an e-commerce experience to restaurant supply chains, reduce waste, optimize assets and save time by replacing offline sourcing and manual supplier follow-ups. Suplyd also runs a network of tech-enabled fulfillment centers that provide real-time analytics and demand-pattern insights to inform stocking and guarantee fulfillment. The company was founded in January this year and is currently serving 500 customers in greater Cairo, reporting nearly 50% month-over-month growth since launch. Suplyd plans to use the new funding to scale its technology, expand within and beyond Cairo and explore additional growth opportunities across the MENA region.

  • SIDEUP

    Participated · Seed · Dec 2022

    SideUp, formerly Voo, provides a full spectrum of e-commerce support services including payment gateways, API integration for shipping, warehousing, fulfillment and advisory. After four years operating primarily as a logistics marketplace the startup rebranded and expanded its offering to link micro, small and medium merchants to partner service providers. The company serves about 2,000 e-commerce businesses, offers cash collection and credit, and reports over $500,000 in gross merchandise volume per month with portfolio growth of roughly 30% month-on-month. SideUp has expanded into Saudi Arabia and will be headquartered there going forward while continuing to scale in Egypt. Management says the platform enables merchants to sell in 45 countries via partner providers. The startup plans to grow its clientele in Egypt and Saudi Arabia and to expand into at least two additional countries before the end of 2023.

  • Sprints

    Led · Seed · Apr 2022

    Sprints is an AI-powered educational technology company that delivers personalized learning journeys and a job guarantee aimed at closing the tech talent gap. The company was founded in 2019 by Ayman Bazaraa and Bassam Sharkawy and is based in Maadi al Khahiri, Cairo, Egypt. Sprints reports 51–200 employees and a stated goal to educate one billion students in ten years. The startup says it will expand into new markets across the MEA region to establish the area as a tech talent hub. Financially, the company has reported $3.0 million in total funding to date, raised as bridge financing. Sprints is a Cairo-based EdTech startup that provides an end-to-end solution to bridge the tech talent gap. Founded in 2019 by Ayman Bazaraa and Bassam Sharkawy, it identifies talent pools and offers tailored learning paths plus job-placement support. Its programs use a comprehensive learning method in which students meet role-played customers, gather design requirements, and build software products on a weekly basis. Sprints runs guaranteed-to-hire programs across MEA and assists alumni with ongoing professional development. Graduates who secure employment pay via 0% interest payments over three years. The company recently raised $1.2 million in a seed round.

  • Nawah Scientific

    Participated · Series A · Jan 2021

    Founded in 2015 by Omar Saqr, Nawah Scientific operates a cloud lab that lets researchers and companies submit samples and receive advanced testing results without owning in-house equipment. Its four business units cover life-science research, food and agriculture safety testing, pharmaceutical R&D and formulation, and the production of certified reference materials used for calibration and quality control. Over its first decade, the company has processed more than one million samples, employs 160 researchers, and serves clients in over 30 countries. Revenue or profitability figures were not disclosed, but the scale of testing activity underscores meaningful commercial traction. The firm plans to channel fresh capital into a 10,000-sqm global R&D centre in Rwanda, while simultaneously doubling laboratory capacity in Egypt and Saudi Arabia. Additional expansion is slated for North Africa and Europe, positioning Nawah as a regional hub for outsourced scientific services. These initiatives aim to deepen its research capabilities and broaden market reach.

Team

  • Aliaa Saleh

    General Manager and Co-Founder

    LinkedIn
  • Tarek A. Elkady

    Chairman and Co-Founder

    LinkedIn
  • Loay El Shawarby

    Legal Advisor and Co-Founder

    LinkedIn
  • Youssef Gamal

    Business Analyst