Alex Angels, the Egyptian angel investment network, has completed three full exits and four partial exits from its startup portfolio, according to founder Tarek El Kady.
El Kady, who also founded Techne Summit, disclosed the exits during a session on new funding models at Techne Alexandria 2026. He said startups should diversify their financing sources rather than rely solely on new investment rounds and capital increases.
A business model that generates revenue and cash flow can give startups more options to fund growth, including potential bank financing once they reach the appropriate stage, he added. Funding needs vary depending on a company’s growth phase, business model and ability to generate cash.
El Kady also highlighted the role of large companies as customers and commercial partners, not just potential investors. A startup may initially work with a larger company as a supplier, with the relationship later developing into a broader commercial or investment partnership.
He said the most difficult phase often begins after launch, when startups face operational, market and growth challenges. Partnerships with larger companies can provide access to capabilities and experience, but both sides need flexibility and a clear understanding of the relationship’s objectives from the outset.
Source: Fintech Gate
