Startup MENA aimed to revive European interest in Egyptian startups by hosting its inaugural Investor Lounge event in Cairo earlier this month, aimed at startups ready for Series A funding.
Startup MENA selected ten finalists from 130 applications, in an attempt to showcase what Egyptian and MENA startups can currently offer.
“The current political situation [in Egypt] is of course a hindrance,” said Jakob Kistorp, founding partner of Venturescout and a co-founder of Startup MENA. “The fact we got Hoxton Ventures and Point Nine Capital to come here is huge.”
Tellus, a texting customer service mobile platform, was selected a winner of the event following pitches from the selected teams and a series of mentoring sessions.
The startup received a €2,000 prize and feedback from a panel of investors and mentors.
The idea behind the event was to showcase a selection of MENA startups before a panel of regional and European investors including Hoxton Ventures and Point Nine Capital. The diverse range of startups selected and the fast-paced, tightly focused format of the event won praise from many participants, investors and startups alike.
See original –
Startup MENA targets European investors in Cairo; crowns Tellus as winning startup
Comments
Facebook
Twitter
Contact
Elan.tv
Comments