El-Wafeyat Joins 500 Startups!
El-Wafeyat (Taqalid), is an online platform that allows Arab users to browse through and create obituaries and memorial pages which brings important traditions and customs surrounding death into the digital realm. Accelerated by Flat6Labs Cairo in the Summer 2013 cycle, they managed to quickly gain ground and secure a $100,000 follow-on investment from The Cairo Angels. El-Wafeyat is now taking another step ahead in their development as a startup by joining 500Startups in Mountain View, California.
“We met Dave McClure -500startups founder- at the MENA Angel Investors Conference in Bahrain organized by Tenmou back in June this year when we were pitching. He said he liked the idea, so we talked to him more at the conference. We then had a few follow-up online meetings, we applied and got the acceptance!” said Yousef ElSammaa Co-founder & CEO of El-Wafeyat.
Startups enrolled in 500startups’ program benefit from being exposed to the community, a network of 1,000+ founders and 200+ mentors to help guide them along the way. Constant feed of advice, a curriculum, connections and of course … cash! 500startups has invested $100,000 in El-Wafeyat in seed funding. “It varies, sometimes between $25,000 to $250,000, but usually around a $100,000 range.” McClure told The Daily News Egypt when asked about the investment made in El-Wafeyat.
By the time El-Wafeyat finish their program at 500startups, they aim to get a better understanding about their consumers to be able to push toward monetization and expanding regionally.
“We’re really learning here every day how to start and manage a business from all aspects. […] Plus its great validation for the business and a great opportunity to network” commented ElSammaa.
Check out their latest coverage on AlHurra TV here:
Watch El-Wafeyat’s pitch at Flat6Labs Cairo’s Sixth Demo Day here: