So if you haven’t heard about Buseet yet, it’s a TransportTech startup currently operating in two cities: Cairo and Dubai. The company is still in its early stages of growth, although some market observers are convinced that Buseet could one day spearhead the region’s still nascent, but thriving TransportTech sector. Cairo Angels would probably agree to that assessment given that it has decided to come on board as one of the principal investors of the Egyptian startup.
It’s a big win for Buseet considering Cairo Angels happens to be one of the largest global networks of angel investors backing startups in Egypt along with the rest of the Middle East and Africa. Founded in 2016 by Amr El Sawy, Mohammed Emad, and Khaled Mahmoud, Buseet touts itself as Egypt’s first TransportTech startup that provides bus fleets. The company expanded to Dubai earlier this year after graduating the city’s prestigious Startup Bootcamp in 2017. The company is now looking for additional funds to expand globally with MENA as the starting point.
Buseet is betting big on Cairo Angels as the angel investors-network join other heavyweights including 500 Startups to lead the company’s ongoing Seed round.
“We’re excited about this round that 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 the number of cars & traffic,” said Amr El Sawy, Co-Founder and CEO of Buseet.
