The Cairo Angels investor network has announced its 20th investment to date, backing Egyptian tutoring and babysitting marketplace Orcas.
Disrupt Africa reported in July last year CairoSitters – which began life as an offline tutoring and babysitting agency – raised funding from local angel fund Kamelizer to rebrand itself as an online marketplace named Orcas.
Orcas has since gained traction in Egypt, and raised the series A round from Cairo Angels to expand across the Middle East and North Africa (MENA) region, and increase its product offering.
The amount raised has not been disclosed.
“We are delighted to partner with the Cairo Angels and to achieve this important milestone. We are now well capitalized to take Orcas to the next level and we look forward to working with some of the strongest mentors in the region to enhance our product offering and expand regionally,” said Hossam Taher, co-founder and chief executive officer (CEO) of Orcas.
The deal marks the 20th investment made by Cairo Angels, which targets high-growth, innovative technology driven startups.
“We are very pleased to have closed the Orcas deal and look forward to working closely with the team to help them to realize their full potential. Education is a critical area for the region and we need to support businesses that can revolutionize this space,” said Aly El Shalakany, chairman of Cairo Angels.
