Cairo Angels has invested an undisclosed amount in Egypt-based ed-tech startup Orcas.
The startup was established in 2011 by three childhood friends – Hossam Taher, Omar Fayez and Hussein Yehia—who wanted to address the lack of high-quality, educational, in-home childcare in Egypt.
It offers three main services: babysitting, language services, and tutoring. Each of these services is available in German, French, English and Arabic.
It claims to have a loyal customer base in Egypt.
The firm is well capitalized to move to the next level and looks forward to working with some of the strongest mentors in the region to enhance its product offering and expand regionally, said Taher, who is also CEO of Orcas.
This marks Cairo Angels’ 20th investment in startups in the MENA region and underlines its commitment to funding high-growth, innovative technology-driven startups.
Education is a critical area for the region and businesses that can revolutionize this space need to be supported, said Aly El Shalakany, chairman of Cairo Angels.
Cairo Angels are Egypt’s first network of angel investors and are located in Cairo, with a standalone chapter in London, UK.
It invests in and supports startups and early stage, high-growth businesses across the Middle East and Africa.
Cairo Angels is a founding member of MAIN, a network of angel investment networks in the MENA region. In June 2016, Cairo Angels said it has already invested over EGP 12 million in 15 companies.
In July 2016, Cairo Sitters received an undisclosed amount in funding from Egyptian angel fund Kamelizer.