# AlMaqarr Coworking Space

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/almaqarr-coworking-space

- Industry: Commercial Property
- Headquarters: Cairo, Egypt
- Website: www.almaqarr.com
- Latest round: Angel (Sep 5, 2018)
- Investors on record: 2

## About

AlMaqarr Coworking Space, LLC offers versatile coworking spaces designed to foster collaboration and innovation among professionals and startups in a supportive environment.Founded in 2012 in Cairo, Egypt, AlMaqarr Coworking Space, LLC provides shared workspace solutions. The company has successfully implemented its business model without significant pivots or changes. The founders, Muhammad Nagi and Sherif Ashraf, have significant experience in the coworking space industry, while Matthew Rose currently serves as CEO. The company has successfully raised funds, with a notable deal occurring in September 2018 when it secured ANGEL funding co-led by Alexandria Angels and Cairo Angels.AlMaqarr specializes in offering flexible coworking spaces that cater to a wide range of professionals. Their services include fully equipped desks, private offices, meeting rooms, and various amenities designed to enhance productivity and collaboration. Targeted mainly at freelancers, entrepreneurs, and small businesses, AlMaqarr provides an environment conducive to networking and innovation, aimed at professionals primarily in North Africa and the Middle East.The company's revenue stream is primarily generated through membership fees and rental agreements for its coworking spaces. Members can choose from various tiers of access, from daily passes to monthly subscriptions that grant users access to different facilities and services. As a B2B service provider, AlMaqarr also partners with local businesses for additional services that complement its core offerings.Looking ahead, AlMaqarr plans to launch new coworking locations across major cities in Egypt and other North African countries by 2023. The company intends to use the funds raised in September 2018 to enhance its service offerings and expand its geographical reach. This includes introducing innovative workspace solutions tailored to the evolving needs of modern professionals.

## Funding rounds

- Angel, Sep 5, 2018 — Acasia, Alexandria Angel Network

## Investors

- Acasia (https://capitalatlas.ai/funds/acasia) — Angel
- Alexandria Angel Network (https://capitalatlas.ai/funds/alexandria-angel-network) — Angel