After nearly a year of growth, Egyptian professional networking Startup Tays has secured a seven-figure pre-seed investment from a number of Egyptian angel investors, allowing the company to expand across Egypt and the Middle East.
The money comes from a group of angel investors, some of whom have chosen to join Tays’ executive board. Google Ireland’s Business Development Manager, Remax Middle East’s CEO, O7 Therapy’s Founder and CEO, and El Ahly Capital’s Facility and Procurement Director are among the board members.
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“The ongoing pandemic has highlighted how difficult it is to create meaningful professional connections,” Bacheet said.
“With this pre-seed investment, we hope to launch our platform and enable the entire MENA to begin expanding their professional networks at unprecedented rates.”
Founded in 2020 by CEO Sherif Bacheet, Tays is a professional user-to-user networking app that matches people based on their professional interests and goals using a proprietary machine-learning algorithm to assist people in growing and sustaining their professional networks while maintaining a social and casual feel.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer