Monday, April 20, 2026Global tech, startups & capital — covered for Africans.
CardoO, an Egyptian manufacturer of IoT devices, secured $660,000 in seed funding led by The Alexandria Angels, with participation from Sofico Investments, angel investors from Saudi Arabia, and the European Bank for Reconstruction and Development (EBRD). Founded by Ahmed Adel, CardoO offers low-priced smart devices enhanced by IoT technology. The investment will be used to improve its products and enable local manufacturers to produce consumer electronics with IoT under the CardoO brand.
| Date | Round | Amount | Lead |
|---|---|---|---|
| Oct 7, 2022 | $660K |
