Buseet future of commuting Cairo Angels, a global network of angel investors focused on supporting start-up opportunities in Egypt, the Middle East and Africa, today announces its investment in Buseet.
Buseet is a Transport Tech start-up operating in Cairo and Dubai, founded by Amr El Sawy, Khaled Mahmoud and Mohamed Emad in 2016. Buseet provides an easy to use, comfortable and cost-effective technology solution to the everyday commute of thousands of customers. Buseet is the first bus fleet based Transport Tech start-up founded in Egypt. After successfully joining Dubai’s prestigious start-up Bootcamp
in 2017, the company is expanding operations to Dubai in 2018. Buseet plans to use investment to increase its product offering and to grow to other markets in the MENA region.
The Cairo Angels investment is part of a seed investment round that includes 500 start-ups and other international angel investors from Singapore and the Gulf. The company is now well capitalised to grab a significant stake in this fast growing sector.
“We are very pleased to have closed the Buseet deal and to have co-invested in this opportunity with our partners who are 500 start-ups and other Angels. We are very confident that Buseet can compete and
continue to deliver a compelling solution to a very real problem that is clearly identifiable across emerging markets and beyond,” said Aly El Shalakany, the chairperson of Cairo Angels.
“We’re excited about this round which will help us expand our team and strengthen our tech to offer a high-quality service for everyday commuters. Moving forward our focus is to shift more car owners to save time and effort wasted in driving to ride Buseet, hence improve their daily commute experience, while reducing number of cars and traffic,” said Amr El Sawy, co-founder and CEO of Buseet.
The Cairo Angels is Egypt’s first formal network of angel investors and is headquartered in Cairo, Egypt with operations in London, UK covering the European region and Dubai, UAE covering the GCC region. The Cairo Angels invests in and supports start-ups and early stage, high growth businesses across the Middle East and Africa. The Cairo Angels is a founding member of MAIN, a network of the leading angel investment networks in the MENA region.