Med-Angels, the first Mediterranean-wide network of angel networks, was officially launched on September 30th at the iconic Bibliotheca Alexandrina, in the coastal city of Alexandria.
The event took place in the context of Techne summit, the Mediterranean startup event organized by creative agency Markade on September 28th, 29th and 30th in Alexandria.
Founded by Egyptian investor and founder of Techne Summit, Tarek El Kady, the network will gather multi-country Angel Investment Networks, as well as regional enablers, funds and diaspora investors from France, Spain, Greece, Tunisia, Morocco, Egypt, Lebanon, Slovenia, Croatia, among others.
“The establishment of a Mediterranean Angel Investment Network is crucial to fill the gap in seed funding not only in each individual country, but across 21 countries of the Mediterranean Sea. Building a network of trust that promotes cross border investment through syndication is very much needed and will strongly connect Africa with Europe and the Middle East,” said Tarek El Kady, founder of Alex Angels and Med Angels.
After the official launch, the event hosted a panel titled: Accelerating Investors and Entrepreneurs through the Mediterranean, featuring presidents and executives from angel networks of six counties, including Nazeh Ben Ammar, President of Carthage Business Angels (Tunisia); Loay El-Shawarby, co-founder of Alex Angels (Egypt); Marcel Dridje, President of Sophia Business Angels (France); Albert Colomer, President of Business Angels Network Catalunya (Spain); moderated by Keith Wallace, Managing Partner, at DeInvesteerders Club.
Ivan Jovetic, the president of Montenegro Business Angels Network (MEBAN) as well as Nicholas Rouhana and Corine Kiame from Lebanese IM Capital and representing the angel networks Sedars and Lebanese Women Angel Fund took part in the event remotely.