Cairo Angels, one of the Middle East and Africa’s leading network of business angels, has announced the first close of the Cairo Angels Syndicate Fund (CASF), a Delaware based angel fund.

CASF will be investing ticket sizes of $100,000 – $250,000 on average across the Middle East and Africa with a particular focus on Egypt, the UAE, Saudi Arabia, Nigeria, Kenya, and South Africa. Apart from the investments made by the fund, the fund negotiates additional co-investment rights for it...