The partnership involves startups across various industries across North Africa, who secure funding from angel investors from Medangel’s 9 member countries: Lebanon, Egypt, Tunisia, Portugal, Italy, Croatia, Montenegro, Spain, and France. Med-Angels, the first Mediterranean-wide network of angel networks, has just announced a new partnership with Hivos that will facilitate the injection of up to €500,000 into North African startups across countries in the region. We want to support those startups, as well as those investors looking into investing in an alternative asset class,” says Tarek El Kady, Founder and Chairman of The Mediterranean Business Angel Network as well as Alexandria Business Angel Network. The event included panels to discuss Angel Networks, Clubs, Funds and Syndicates, as well as valuations and their prospects post-COVID19. -Ends-About MedAngels:MedAngels is the first network of business angel networks across the entire Mediterranean countries, aiming to facilitate cross-border investing among participating member networks.

Source: The North Africa Journal April 26, 2020 09:56 UTC