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The Venture Codex

Cairo Angels

28 Falaki St., Bab El Louk, Office 204, Falaki Building, Cairo, Al Qahirah, 11513, Egypt

Overview

Acasia Group is an angel investment network that invests in and supports early-stage startups it convenes regular investment meetings to review pre-selected potential investees.

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

Sector focus

  • Finance
  • Financial Services
Visit website

Investment portfolio

  • The Fashion Kingdom

    Participated · Seed · Jul 2022

    TFK operates a curated omnichannel marketplace offering shoes, beauty, personal care, accessories and home fashion items, with features like a virtual fitting room and outfit recommendations. The platform positions itself as a digital partner to brands, providing operations, fulfillment, co-marketing and digital content creation services. It monetizes via product mark-ups, consignment commissions, and fees for ancillary services such as photography and marketing. The marketplace hosts over 200 brands and serves more than 150,000 customers, with roughly 40% of monthly sales from returning customers and brands growing 10–15% month-over-month. Total sales volume grew threefold from April 2021 to April 2022. The company plans to use funding to scale technology, expand the team, and optimize operations and end-customer experience; its workforce is 43% female and 50% of managers are women.

  • Sprints

    Participated · 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.

  • Fatura

    Participated · Series A · Jun 2021

    Fatura operates a smartphone app connecting wholesalers and manufacturers with retailers, initially focused on fast-moving consumer goods (FMCG) and experimenting with other industries. Founded in 2019, the company has surpassed EGP 1 billion in annual GMV in the FMCG market. It has scaled to more than 25,000 merchants and 500 wholesalers and manufacturers across 20 governorates, exchanging over 10,000 SKUs in the last year. The company includes a fintech component that complements its core offering and helps shops expand operations with reduced working capital constraints. Fatura plans to monetise its data and services and roll out new offerings for manufacturers, distributors, and retailers, alongside digitalisation initiatives such as digital payments and regional expansion. The new funding is intended to help Fatura expand services beyond e-commerce and digital financing to improve the B2B interchange of goods, money, and information.

  • 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

  • Nader Aboushadi

    Advisory Board Member

    LinkedIn