Falak Startups
The Greek Campus, 28 Falaki Street, Bab El Louk, Downtown Cairo, Cairo, Al Qahirah, 11513, Egypt
Overview
Falak is a start-up accelerator designed to support and empower the next generation of Egyptian entrepreneurs and contribute to the development of the start-up ecosystem in Egypt. Their program offers funding, mentorship, training, and a wide variety of perks and benefits, with the aim of providing entrepreneurs the necessary tools, resources, and contacts to develop and expand their businesses.
- Total investments
- 4
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Funding Platform
- Impact Investing
- Venture Capital
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.
- Subsbase
Participated · Seed · Aug 2022
SubsBase is a cloud-based no/low-code platform that manages the full subscription lifecycle—invoicing, payments, notifications and analytics—for subscription and recurring-revenue businesses. The product integrates with local and global payment providers such as Fawry, Paymob, PayTabs, Stripe and PayPal and offers operational, billing and invoicing tools. Its target customers include startups and SMEs (the company’s sweet spot), as well as lenders, insurers, real estate firms and e-commerce businesses; clients named include Clakett, Mermaid, OLX and Zammit. SubsBase operates on a subscription pricing model with three fixed-fee plans plus variable transaction fees and says “SubsBase runs on SubsBase.” The company reports 200% month-over-month growth since officially launching over a year ago. Management plans to ramp up commercial and branding efforts across MENA, expand toward Sub-Saharan Africa, and hire sales, customer success, business development and marketing resources to educate the market.
- 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.
- Hayi
Led · Equity · Jan 2022
Hayi is a neighbourhood-focused social app that helps residents form safe, hyper-local communities by connecting people, listings, announcements, and events within nearby areas. The app has become a primary communication channel in Dubai neighbourhoods such as Jumeirah Village Circle and runs community initiatives like cleanups and local events. Hayi launched a B2B subscription about a year ago that enables businesses to target customers down to specific apartment buildings. The company reports 30,000 highly engaged organic users, 30% monthly recurring revenue (MRR) growth, and says it is cash-flow positive. Hayi aims to expand its footprint across Dubai, the wider UAE, and other regions to become a leading neighbourhood app in MENA, citing examples like Danggeun Market and Nextdoor as inspirations. The recent capital will be used to grow operations, marketing, and geographic expansion. Hayi is a freemium community-based platform launched in 2020 by Chris Darnell (CEO) and Rene Morgan (COO) to reconnect neighbors through a hyperlocal social network. The app offers a neighborhood noticeboard main feed, private messaging, interest-based neighbor search, and geo-fencing to verify residents and keep communities exclusive and safe. Community managers and property developers can register for free to manage digital communities and share real-time updates. Hayi has connected 6,000 verified neighbors across 20 test neighborhoods in Dubai. The company is part of the Mohammed Bin Rashid Innovation Fund (MBRIF) accelerator program. With a recent US$325,000 funding round, Hayi aims to accelerate product development and expand beyond the UAE toward becoming the largest hyperlocal social network in the MENA region.
Team
Ahmed Hazem Dakroury
CEO
LinkedIn