The entrepreneurial ecosystem in North Africa is thriving, thanks in part to the growing number of angel networks that provide crucial funding, mentorship, and support to startups. These networks are pivotal in fostering innovation, driving economic growth, and empowering entrepreneurs across the region. This article highlights some of the leading angel networks in North Africa, showcasing their unique contributions and impact on the startup landscape.

Acasia Angels - Egypt

Acasia Angels, established in 2011 and formerly known as The Cairo Angels, is a leading angel investing platform focused on empowering technology entrepreneurs in the Middle East and Africa. With headquarters in Egypt and offices in Dubai and Lagos, Acasia Angels connects a global network of investors who provide financial support and mentorship to high-growth startups and scaleups, fostering innovation and economic development in the region.

Alex Angels - Egypt

Alexandria Angels, established in 2016, is the first angel network in Alexandria and the second in Egypt, connecting investors from the MENA region. Focusing on seed-stage investments, the network supports promising early-stage companies and offers members opportunities to invest in small amounts, access to vetted startups, and due diligence reports. Members also benefit from learning and networking events, and the network is part of the Mediterranean Business Angel Investment Network (MED Angels), providing access to regional and local deals.

Angels4Africa - Morocco

Angels4Africa is a business angel network dedicated to investing in high-growth technology startups across Africa. Recognizing the insufficiency of pre-seed funding, the network comprises experienced entrepreneurs who are successful startup founders themselves. Angels4Africa offers a tailored financing process for seed-stage startups, with investment tickets ranging from $10K to $50K, along with high-level coaching and international networking opportunities. The network has screened over 1,300 startups, conducted 19 investment sessions, and closed 15 deals, demonstrating its commitment to supporting and scaling African tech ventures.

AUC Angels - Egypt

AUC Angels is the first university-based angel investor network in the Middle East and Africa, established to fill the funding gap for early-stage tech startups. The network connects vetted startups with accomplished professionals who serve as mentors and co-builders, aiming to create long-term value beyond capital deployment. In partnership with AUC Venture Lab, AUC Angels provides access to highly scalable startups with proven market traction. Members benefit from a vetted pipeline of investment opportunities, comprehensive investment process support, ecosystem events, and specialized training while fostering connections with a diversified network of professionals and entrepreneurs.

Business Angels Algérie diaspora - BAALDI - Algeria

Business Angels Algérie diaspora (BAALDI) connects entrepreneurs in France and Algeria with Business Angels to secure funding and support. BAALDI offers comprehensive training, coaching, and mentoring through experienced volunteers to help project initiators refine their business plans and presentations. BAALDI actively seeks investors for innovative projects and collaborates with universities, schools, training centers, and other partners to provide daily support and resources to entrepreneurs, fostering a robust network for entrepreneurial development and success.

Carthage Business Angels - Tnusia

Carthage Business Angels (CBA) is Tunisia's first network of angel investors, supporting innovative startups in their early stages. As a non-profit organization, CBA acts as an entrepreneurial ecosystem enabler agency. Established in 2010, CBA collaborates with international partners to implement programs for conception, incubation, and acceleration. With around a hundred members, CBA supports approximately a hundred startups annually, fostering job creation and continuous funding through partnerships with public and private sectors, as well as institutional investors.

Casbah Business Angels - Algeria

Casbah Business Angels (CBA), launched in 2012, is Algeria's premier angel investor organization. Founded by Silicon Valley and Algerian CEOs, CBA is a group of entrepreneurs and investors who dedicate their time and money to support new and existing startups. The network serves as a platform for angel investors and entrepreneurs to connect, discuss ideas, and explore mentorship and investment opportunities.

CFCIM Business Angels - Morocco

The CFCIM Business Angels is dedicated to supporting and advising French and Moroccan companies. The organization offers a range of services, including investment advice, market studies, publications, professional networking, and B2B prospecting missions both in Morocco and internationally.

COREangels MEA - Egypt

COREangels MEA, based in Egypt, is a global community of angel investors focused on co-creating value with entrepreneurs from the initial investment stage. The network aims to professionalize angel investing by operating under a unified model, where each angel fund is unique. Investors collaborate to make group decisions, ensuring diversification in their common portfolio. COREangels provides active mentorship to startup founders and employs professional leaders for due diligence, valuations, and reporting, enhancing outcomes while contributing to and enjoying the entrepreneurial journey.

DAMYA- Tunisian Women Business Angel Network - Tunisia

DAMYA, founded in 2019, is the first women's business angel network in Tunisia. Named after the Berber queen Kahena, known for her bravery and determination, DAMYA aims to promote angel investing and entrepreneurship, particularly supporting women entrepreneurs. Comprising a group of Tunisian women who are business leaders, managers, and experts, the network provides financial investment, advice, expertise, and networking opportunities to innovative startups and SMEs with high growth potential. DAMYA also seeks to bridge the gap between local and diaspora women investors to contribute to the development of Tunisian startups.

HIMAngel - Egypt

HIMAngel supports early-stage startups by providing more than just capital. The network offers mentoring, business building, cross-portfolio integration, and direct connections with stakeholders to help startups succeed. While technology is a core focus, HIMAngel also invests in innovative startups across various sectors, including waste management, manufacturing, and healthcare. The network aims to fill the funding gap for early-stage investments, particularly in Egypt, which represents a significant portion of the MENA region's population and professional workforce.

MALAIKAH-EGYBAN - Egypt

Malaikah-EGYBAN is an association representing angel networks, individual investors, early-stage VCs, equity crowdfunding platforms, and professional advisers. Acting as the voice of the angel investment community, Malaikah-EGYBAN strives to build and connect the ecosystem, advocating for supportive fiscal and technical environments. The association facilitates knowledge sharing, provides access to quality investment opportunities, and connects entrepreneurs with investors, ensuring continuous support and growth for innovative businesses.

MDBAN - Morocco, Algeria & Egypt

MDBAN is a network of Angel Investors from the Maghreb Diaspora dedicated to investing in and supporting Maghreb-born startups. Its vision is to promote a thriving, seamless startup ecosystem across Maghreb countries, and its mission is to connect Maghreb Diaspora investors with profitable investment opportunities in Maghreb startups by collaborating with local angel networks and startup support organizations.

MFounders - Morocco

MFounders is a community-driven association and investment club dedicated to fostering a world-class Moroccan entrepreneurial network. Initiated by Ilan Benhaim, mFounders provides essential support and tools to help Moroccan startups succeed locally and thrive globally. Its mission is to empower local innovators with mentorship, strategic investments, and global connectivity, enabling them to excel in international markets. Through global partnerships and focused mentorship programs, mFounders aims to transform Moroccan entrepreneurship and position Moroccan innovation as a hallmark of excellence internationally.

MNF Angels - Morocco

MNF Angels, established by MITC Capital, the management company of Maroc Numeric Fund, is a business angel club focused on selecting and supporting high-growth technology startups in Morocco. The club provides technical assistance to entrepreneurs and investors, particularly in financial, strategic, and legal aspects. With well-known business angels active in technology and industry sectors, MNF Angels offers investment tickets ranging from MAD 100,000 to MAD 1 million, along with the skills, experience, and networks of its members. Regular pitching sessions are organized to present selected projects to business angels, fostering a supportive ecosystem for Moroccan startups.

Moroccan Business Angel Network - Morocco

The Moroccan Business Angel Network (MoBAN), established in March 2019, focuses on identifying and investing in innovative startups in Morocco. Comprising around 15 experienced angel investors, former entrepreneurs, and senior executives, MoBAN supports disruptive projects that create economic and social value. The network aims to develop business angeling in Morocco, inform entrepreneurs about angel investing, and promote ethical practices. MoBAN fosters synergy through meetings, improves the business climate, and develops partnerships with similar professional federations. With expertise in sustainable development, renewable energy, and IoT, MoBAN's mentors and coaches support and finance innovative startups addressing market needs in Morocco.

Nile Angels - Egypt

Nile Angels, founded in 2018, is the first angel network in Upper Egypt dedicated to investing in local startups and supporting entrepreneurs. In addition to financial investment, Nile Angels provides business consulting to assist in the development and growth of startups. The network aims to mark a new era of entrepreneurship in Upper Egypt, highlighting the viability of investing in the region and inspiring investors in other cities across the country to follow suit.

Tiye Angels - Egypt's first Women's Angel Investor Network - Egypt

Tiye Angels is Egypt's first women's angel investor network, dedicated to closing the gender gap in startup investing and supporting female entrepreneurs. They champion Gender Lens Investing (GLI) and invest in innovative, high-growth businesses led by women. Its mission is to support female founders in securing investment and to encourage more women to participate in angel investing. Through training, resources, and community networking, Tiye Angels aims to foster a diverse and collaborative investment ecosystem that recognizes the immense potential of women-led startups.

The angel networks in North Africa are playing a crucial role in nurturing the region's startup ecosystem. By providing not just financial support but also mentorship, expertise, and networking opportunities, these networks are fostering innovation, driving economic growth, and empowering entrepreneurs. As the region continues to evolve, the impact of these angel networks will be instrumental in shaping the future of entrepreneurship in North Africa.