The Egyptian based Opio, an online based consumer wear brand, has raised US$300,000 from a consortium of investors including AUC Angels. Opio is a clothing and lifestyle brand that is crafted in Egypt and designed for women with an effortless and easy to wear style that can be worn from day to night.
AUC Angels was established by Ahmed Amin in collaboration with the American University in Cairo (AUC) and invests in technology-driven early-stage startups across multiple industries. AUC Angels has a partnership with AUC Venture Lab which provides the access to vetted and highly scalable startups that have already launched their products or services. The firm has invested in other startups such as Jinni and DentaCarts and typically invests up to US$500,000 in each startup.