Acasia Ventures

Acasia Ventures is an early-stage venture capital firm investing in tech-driven and tech-enabled startups across the Middle East and Africa. Founded in 2011, it focuses on being the first to believe in innovative ideas, supporting entrepreneurs from pre-Seed to pre-Series A stages.

Hossam Allam

Founder and Chairman

Mohamed Hussain

Senior Investment Associate

Selim Roushdy

Investment Associate

Aly Shalakany

Managing Partner

25 past transactions

Winich Farms

Seed Round in 2024
Winich Farms is a technology-driven agricultural platform that connects farmers with finance, inputs, expertise, and markets to improve productivity and access to buyers. Through online crowdfunding, the company funds farmers and provides data-driven best practices, process automation, and machinery access, with aims of delivering decent returns to subscribers and farmers. Its agro e-retail platform links nearby farmers directly to households at farm-gate prices, reducing middlemen and making produce more affordable and accessible. The business operates a digital marketplace and logistics solution that tracks production in real time and uses a mobile app to connect offtakers, agents, and drivers, helping producers and buyers streamline deliveries and reduce downtime. By fostering offtake relationships and expanding access to local and global markets, Winich Farms seeks to empower African farmers and support food security across the continent. The venture is supported by Orange Corners, reinforcing its mission to enable capital access, data-driven farming, and scalable agricultural participation.

Settle Payments

Pre Seed Round in 2024
SETTLE automates enterprise's payments and manages all their bank accounts in one place for better cashflow decisions.

Bluworks.io

Pre Seed Round in 2024
Bluworks.io is a HRTech SaaS platform offers cloud-based solutions.

Pharmacy Marts

Venture Round in 2024
Pharmacy Marts is an online business-to-business marketplace that connects pharmacists with multiple suppliers to source daily prescriptions and pharmacy supplies. Founded in 2021 and based in Cairo, Egypt, the platform combines fintech and logistics features to offer discounts on medications from various warehouses, with no delivery charges for orders. It enables medical suppliers to list products and allows pharmacists to compare offers in a single location to fulfill daily supply requests.

Suplyd

Seed Round in 2024
Suplyd develops a digital platform that connects food and beverage suppliers with restaurants to reorganize and digitize the fragmented supply chain. The platform provides a digital marketplace, smart automated ordering, digital transaction records, flexible payment options, and logistics optimization, complemented by online support. It enables real-time analytics and procurement insights to improve procurement efficiency and visibility, helping businesses streamline the ordering process from supplier to restaurant. By addressing fragmentation in the F&B market, Suplyd aims to resolve procurement challenges end-to-end through digitization and data-driven workflows.

Tappi

Pre Seed Round in 2023
Tappi is a SaaS company focused on empowering small businesses in Africa to acquire customers online. It offers a comprehensive suite of tools, including messaging, payments, and AI-driven customer profiling, to help these businesses enhance their online presence, engage with customers, and build reputation.

Lengo

Pre Seed Round in 2023
Lengo is an AI-based intelligence platform that serves companies in the fast-moving consumer goods (FMCG) sector, particularly in Africa. The platform leverages data from diverse sources, including retail sales information, to provide a comprehensive database on consumer goods. By analyzing this data, Lengo generates insights into consumer behavior, market trends, and the competitive landscape. This enables brands to make informed decisions regarding their marketing, sales, and distribution strategies, ultimately enhancing their operational effectiveness and market positioning.

Menthum

Pre Seed Round in 2023
Menthum is a company that focuses on enhancing financial well-being through a digital savings platform. It offers a user-friendly mobile application that simplifies money management for individuals. The platform allows for easy account setup and provides features such as instant fund transfers and no lock-in periods, ensuring flexibility for users. With a commitment to safety and security, Menthum's services are built on regulated fund management and investment in government securities. This positions the company to offer secure savings options, enabling individuals to earn returns while maintaining the ability to withdraw their funds at any time. Ultimately, Menthum aims to improve people's lives by making financial management more accessible and straightforward.

Precision Cardiovascular

Seed Round in 2023
Precision Cardiovascular develops micro-sensor technology for early detection of cardiovascular complications. Its system remotely monitors patients with acute heart failure, providing unbiased data to enhance long-term health outcomes and reduce emergency situation expenses.

Balad

Pre Seed Round in 2023
Balad is an open banking platform that serves migrant communities worldwide. It offers cross-border remittance services, mobile banking apps, and prepaid debit cards to connect migrants abroad with their family members at home.

Swaplanet

Pre Seed Round in 2023
Swaplanet operates an online platform facilitating clothing swaps among parents. Users send in outgrown or unused children's clothes, which are then sorted, photographed, and listed online. They receive credit for their contributions, enabling them to shop for new items within the platform. A small swapping fee covers shipping, sorting, and washing costs.

Fez

Seed Round in 2023
Fez is a logistics platform focused on providing hassle-free delivery services to customers. The company offers an application that facilitates last-mile delivery within urban areas, allowing users to book deliveries, manage their wallets, and track their orders. By enabling the movement of goods from any point in the country, Fez aims to deliver affordable, fast, and efficient delivery solutions. The company is committed to ensuring a stress-free experience for both senders and recipients, emphasizing their duty to deliver packages with care and reliability.

Credable

Seed Round in 2023
Credable is a digital banking platform that aims to provide financial services to underbanked populations in emerging markets. By partnering with financial institutions and businesses, Credable enables the launch of various financial products, including credit, savings, and payment solutions, on its B2B2C digital infrastructure. This approach connects financial institutions to their customers, empowering end-users with access to essential financial services. By leveraging its platform, Credable allows its partners to concentrate on their core operations while expanding their offerings in the financial services sector.

CredPal

Venture Round in 2022
CredPal is a financial technology company based in Lagos, Nigeria, founded in 2018 by Fehintolu Olaogun and Olorunfemi Jegede. The company offers a platform that enables both businesses and individuals to purchase goods and services and pay for them in installments at various online and offline merchants. CredPal's solution enhances transparency by allowing users to set up accounts and select payment plans that minimize risk. The platform connects customers with multiple financial institutions, providing convenient access to credit at the point of checkout. This service not only facilitates consumer purchases but also empowers retail businesses to offer on-demand credit to their customers, thereby enhancing the overall shopping experience.

Finclusion Group

Seed Round in 2022
Finclusion is a FinTech accelerating company that provides financial services and credit products using AI-powered and data-driven lending for fraud prevention and credit granting. The company also offers buy-now-pay-later (BNPL) services, salary advance schemes, loan services, and transactional banking to individuals and SMEs across 5 countries—South Africa, Eswatini, Namibia, Kenya, and Tanzania.

Flexpay

Seed Round in 2022
Flexpay operates a digital payment platform that facilitates electronic transactions. Its services include Flex Rent for commercial and residential rent payments, Flex Travel for holiday packages, and Flex Retail for payments at partner merchants.

The Fashion Kingdom

Seed Round in 2022
The Fashion Kingdom is an online fashion retailer offering a wide range of clothing, health, and beauty products. Their catalog includes shirts, jeans, jackets, accessories, liquid lipstick, fragrances, and more, catering to diverse age groups and genders in Egypt.

FlexPay

Seed Round in 2022
FlexPay is an AI-driven platform based in Montréal, Quebec, Canada, that specializes in recovering lost revenues from declined transactions. Founded in 2017, the company employs advanced machine learning models to salvage between 50% and 70% of declined payments. By analyzing various transaction attributes, FlexPay's system addresses issues on a transaction-by-transaction basis, utilizing a proprietary decline salvage and risk balancing strategy. The platform integrates seamlessly with existing customer relationship management systems and payment gateways, allowing merchants to improve their recovery rates while maintaining customer retention and account health. Through its innovative approach, FlexPay aims to mitigate the financial impact of payment declines and reduce chargeback costs for businesses.

Kashat

Seed Round in 2022
Kashat is an Egypt-based mobile financial services company that provides instant microloans through a digital app. It targets unbanked and underbanked individuals by underwriting loans using alternative data to create a credit history, enabling customers to build a financial identity. The service offers small, short-term credit with flexible repayment options and disburses funds via mobile wallets and digital payments. The entire process is digital and paperless, streamlining application and approval through the mobile app. Kashat operates under the regulatory oversight of Egypt’s Financial Regulatory Authority.

Credrails

Seed Round in 2022
Credrails is a fintech company that specializes in providing infrastructure for open banking. It connects diverse financial data sources such as banks and mobile money services via a unified API, facilitating seamless money transfers and fostering interoperability within Africa's digital economy.

Orcas

Seed Round in 2022
Orcas Solutions Limited operates an online marketplace that connects parents and students with experienced and reliable private tutors and babysitters in Egypt, Saudi Arabia, and Pakistan. Founded in 2014 and based in Cairo, the company provides a hybrid tutoring platform that offers live tutoring sessions along with personalized learning plans and courses. This approach enables students to receive tailored educational experiences, enhancing their learning and making education more enjoyable. Through its services, Orcas Solutions aims to empower students and support families in finding quality educational and childcare resources.

QiDZ

Seed Round in 2022
QiDZ is a mobile platform that connects parents with after-school, entertainment, and education vendors, helping families discover, plan, and book activities for kids. The app offers a curated selection of kid-friendly experiences, deals, and dining options, providing an easy, one-stop destination to search and book activities online. By linking families with vendors and facilitating instant online bookings, QiDZ aims to simplify family outings and support vendors in reaching a targeted audience. The company originated in Dubai, United Arab Emirates.

Nawah Scientific

Seed Round in 2021
Founded in 2015, Nawah Scientific is a Cairo-based company that provides advanced scientific research services and equipment to universities and corporations worldwide. Through its online platform, it offers analytical services such as chromatographic analysis, bioassays, spectrophotometric analysis, and more. Additionally, it provides access to scientific equipment like dissolution testers and laboratories for booking. The company also offers training courses in areas like HPLC and nano drug delivery systems.

Fin

Seed Round in 2021
Fin is a company operating in the financial services industry, based in Quatre Bornes, Plaines Wilhems District, Mauritius. Established in 2019, Fin employs around 230 individuals and focuses on providing solutions that cater to the financial sector. The company's LinkedIn profile suggests a commitment to leveraging technology to enhance financial operations, though specific products and services are not detailed. As a participant in the financial services industry, Fin likely engages in activities that could include financial analysis, consulting, technology services, or financial management solutions aimed at improving efficiency and decision-making for businesses and individuals.

Orcas

Convertible Note in 2017
Orcas Solutions Limited operates an online marketplace that connects parents and students with experienced and reliable private tutors and babysitters in Egypt, Saudi Arabia, and Pakistan. Founded in 2014 and based in Cairo, the company provides a hybrid tutoring platform that offers live tutoring sessions along with personalized learning plans and courses. This approach enables students to receive tailored educational experiences, enhancing their learning and making education more enjoyable. Through its services, Orcas Solutions aims to empower students and support families in finding quality educational and childcare resources.
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