Alfanar Venture Philanthropy
181 El-Orouba St, Sheraton Al Matar, Cairo, Egypt
Overview
Alfanar offers tailored financing, management support, and real-time monitoring and evaluation to social enterprises working to improve the quality of children's education and empower women, youth, and refugees across the Arab region. It aims to strengthen ambitious social enterprises that generate financial and social returns while transforming lives in the region's poorest communities. It was founded in 2004 and is headquartered in Cairo, Egypt.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- Children
- Non Profit
- Social
Investment portfolio
- FabricAID
Led · Equity · Mar 2024
Fabric Aid, founded by Omar Itani (Co‑Founder and General Manager), operates a socially and environmentally focused apparel value chain that collects, sorts, upcycles and resells second‑hand clothing. The company partners with socially conscious and sustainable brands to make decent clothing more affordable while minimizing environmental and social harm. Fabric Aid’s mission emphasizes both accessibility and sustainability across the apparel lifecycle. The team announced a successful fundraising milestone achieved on the Beban TV show, which the company says will propel its mission and growth plans. The article highlights Fabric Aid’s role as a social enterprise addressing waste and affordability in the fashion sector. No operating metrics (revenue/users) were provided in the article.