COREangels MEA, an investment fund operating under the umbrella of Egypt-based PTS Holdings, has been awarded “Best Angel Investor Network in Africa” at the prestigious AESIS 2024 awards. The recognition was announced during the ABAN conference, a key gathering for investors, innovators, and ecosystem leaders from across the continent.
A Venture Studio Model for MENA Innovation
COREangels MEA is a $10 million angel investment fund dedicated to supporting Pre-Seed innovation across the Middle East and Africa. The network operates through a unique Venture Studio model that combines smart capital with hands-on mentorship and impact-oriented growth strategies. This approach aims to connect global investors with the most promising early-stage startups in the region, ensuring that each investment is purpose-driven and designed to reduce risk.
Fostering Investment-Ready Startups
Earlier this year, COREangels MEA led a successful Investment-Ready Bootcamp which attracted over 800 applications from early-stage startups across Africa. From this pool, 20 promising companies were selected for a fully-funded acceleration program, receiving expert guidance and support to prepare them for investment. The initiative culminated in three exceptional founders receiving a fully-funded opportunity to pitch their ventures directly to international investors at the COREangels Global Investment Committee, showcasing African innovation on a global stage.
A Global Network with Local Impact
As part of the COREangels International network, which includes over 300 angel investors in more than 40 countries, COREangels MEA brings a global model of structured angel investing and adapts it to local realities. The fund’s methodology is designed to create measurable social and economic impact.
“This award reflects our belief that Africa’s innovators deserve a global platform,” said Maha Mandour, CEO of PTS Holdings and Co-founder of COREangels MEA. “Through PTS Holdings, we have built an ecosystem that combines innovation, investment, and impact. We manage COREangels MEA, Kemtix Ventures, and ORO E-Ventures to empower founders, support investors, and deliver tangible, sustainable value.”
About COREangels MEA
Operating under the Egypt-based PTS Holdings group, COREangels MEA is a $10 million angel investment fund focused on Pre-Seed startups in the Middle East and Africa. It leverages a Venture Studio model to connect global investors with regional talent, providing smart capital and structured mentorship. COREangels MEA is part of the COREangels International network and is committed to fostering sustainable development through high-impact, responsible investments.
Source: Al Mal News
