The Cairo Angels Syndicate Fund (CASF), a micro venture capital fund that invests in early-stage firms in the Middle East and Africa, has announced its second investment, this time in a dedicated round for CASF, in the Life Sciences and Biotechnology startup Nawah Scientific. Nawah Scientific is a key center of advanced research equipment specializing in natural and medical sciences that delivers its services online and on-demand. It was founded by Dr. Omar Sakr. Nawah has evaluated over 200K samples from 12 countries in its 6 years of operation.
Nawah’s business strategy, as one of Egypt’s premier pharmaceutical formulation and analysis centers, is transforming the scientific research ecosystem, allowing scientists to do world-class research regardless of the technology available in their laboratories.
“We had the honor of having individual angel investors from the Cairo Angel Network as early investors. They came in when we needed them the most, provided us with capital, networking, support, and most importantly — with faith in what we are building. Now, Cairo Angels come with their Syndicate Fund to double down on the success we have built together, and I’m very excited about what is yet to come,” stated Dr. Omar Sakr, Founder and CEO of Nawah.
This round of funding is aimed at assisting the startup in continuing to develop and onboarding new projects.
“Dr. Omar is a perfect example of what I call ‘brain regain’; a super talented and ambitious founder who, if truth be told, we would have lost in previous years to North America or Europe, were it not for the recent changes that have made it possible for entrepreneurs to succeed at home. Not only has Dr. Omar built an amazing, globally competitive and impactful business, but he has created a virtuous cycle for top scientists from Egypt to also succeed at home. We are immensely proud that we can continue to support Nawah Scientific in its mission,” CEO of the Cairo Angels Syndicate Fund Aly El Shalakany said in light of this recent dedicated investment, given that The Cairo Angels network first invested in Nawah Scientific in 2020.
A Look At What Nawah Scientific Does
Read also Kenyan Healthtech Afya Rekod Bags $2m In Seed Funding Round To Digitize Health Records
Nawah was founded in 2015 by Omar Sakr with the goal of empowering scientific research and scientists in Egypt and the rest of the region. The organization allows its business clients to conduct formulation development and stability studies, as well as quality control checks on all raw materials and completed goods. Nawah is the first company in Mena to publish verified reference materials (CRMs).
Nawah Scientific new funding Nawah Scientific new funding
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