The Cairo Angels Syndicate Fund (CASF), a micro venture capital fund focused on early-stage startups in the Middle East and Africa, is pleased to announce its investment in QiDZ, an online entertainment marketplace.
“Anyone who has kids can immediately identify with the need for this service and how important it is to connect families with kids’ entertainment activities that are customized to their needs. Simona and her co-founders have built a compelling solution and have scaled the business in a very impressive way in a short period of time. The best is yet to come and we are excited to be a part of their journey” said Aly El Shalakany, CEO of the Cairo Angels Syndicate Fund.
QiDZ is the first and foremost mobile app in the region to deliver a unique platform that consolidates all family-related entertainment and kids’ activities of all ages in one place.
It was developed by and for parents. Users may use the app to find and book thousands of entertaining and informative activities, bargains, and restaurants, all of which are hand-picked by the app’s creators.
QiDZ began its operations in the United Arab Emirates, but it is currently concentrating on regional expansion, having successfully entered and scaled the Saudi market, with numerous other markets on the horizon.
When Cairo Angels first launched, it was Egypt’s first formal network of angel investors. Since then, it has grown into one of the Middle East and Africa’s most active early-stage investors in startups and high-growth enterprises, with 31 investee companies in 18 different sectors.
Its syndicate fund invests in post-seed and pre-Series A startups in Egypt, the UAE, Saudi Arabia, Nigeria, Kenya, and South Africa.
“As parents ourselves, we know how important it is to find relevant entertainment activities for our families that are customized to our needs. We are excited that with this investment we will be able to continue expanding our offering and reach and empower more parents to make the right choices for their families.” Stated Simona Agolini, Founder and CEO of QiDZ.
