Acasia Ventures

Acasia Ventures is a venture capital firm established in 2011 and headquartered in Cairo, Egypt, with additional offices in Dubai, United Arab Emirates. The firm specializes in investing in early-stage companies across the Middle East and Africa, focusing on innovative and scalable solutions. Acasia Ventures primarily targets seed and early-stage investment opportunities, particularly in tech-driven and tech-enabled startups at the pre-Seed to pre-Series A stages. Additionally, Acasia Angels, an affiliated angel investing platform, facilitates investments from a global network of angel investors who support early-stage startups in the region. Through these initiatives, Acasia Ventures aims to foster entrepreneurship and contribute to the development of future market leaders.

Biola Alabi

General Partner

Alia Bayoumi

Investment Associate

Mohamed Hussain

Investment Principal

Selim Roushdy

Investment Associate

Aly Shalakany

Managing Partner

24 past transactions

Winich Farms

Seed Round in 2024
At Winich Farms we are a technology-driven and agri-startup connecting farmers with access to finance, premium markets and passionate about ensuring global food security and democratising agricultural participation. We drive digital participation by crowdfunding through our online platforms, these we use to engage farmers with quality inputs, agricultural expertise, process automation, and machinery, with the promise of decent returns to our subscribers and the farmers at the end of each farming cycle. In addition to this, utilizing our agro e-retail platform (web and app), we connect vicinity farmers with market (households) directly at farm gate price thereby reducing the activities of middlemen, making agro produce more affordable and easily accessible. One farmer at a time, our big vision is to build an Africa that feeds the world and itself. How do we plan to achieve this? Empower African Farmers by lowering barriers to accessing Capital and financial services, data driven best practices and technology to improve yield as well as access to local and global markets for their produce with established offtaker relationships like Flour Mills of Nigeria, Dangote Foods, Labana Rice, Big Bull Rice etc Backed by Orange Corners we are on a mission to create a prosperous and economically resilient Africa powered by Agriculture.

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 Mart

Venture Round in 2024
Pharmacy Mart is an online business-to-business marketplace established in 2021 and based in Cairo, Egypt. The platform facilitates pharmacists in obtaining daily prescriptions and medications from various suppliers, allowing them to access a wide range of pharmacy supplies efficiently. By integrating fintech and logistics, Pharmacy Mart provides a user-friendly interface where medical suppliers can list their products, enabling pharmacists to find suitable offers for their daily supply needs. The service also includes discounts and eliminates delivery charges, making it a cost-effective solution for pharmacy operations.

Suplyd

Seed Round in 2024
Suplyd operates a digital platform aimed at optimizing the food and beverage supply chain, addressing the challenges of a fragmented market. By leveraging digitization, Suplyd offers a suite of services including a digital marketplace, automated ordering, and digital transaction records. The platform facilitates various payment options, logistics optimization, and provides online support. Through these features, businesses can access real-time analytics, gain insights into procurement, and streamline their ordering processes, thereby enhancing overall operational efficiency in the industry.

Tappi

Pre Seed Round in 2023
Tappi is a full-stack software-as-a-service (SaaS) company focused on assisting small businesses in Africa in enhancing their online presence. The platform is designed to help these businesses attract customers and convert leads into sales by building detailed customer profiles through data aggregation from interactions. Tappi also aids in managing online reputation by collecting and promoting customer reviews, which contributes to increased visibility and reach. Additionally, the platform incorporates messaging and payment solutions, leveraging artificial intelligence to facilitate customer engagement and support the growth of small and medium-sized enterprises.

Lengo

Pre Seed Round in 2023
Lengo is an AI-based intelligence platform focused on the fast-moving consumer goods (FMCG) sector in Africa. The platform aggregates data from various 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 FMCG companies 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's desire to provide solutions that improve people's lives is the motivating reason behind the venture. Menthum Mobile App is a simple and safe digital saving solution, Customer-friendly design, creative workflow, and a purpose-built mutual fund - Menthum Money Market Fund - are among its building pieces.

Precision Cardiovascular

Seed Round in 2023
Precision Cardiovascular specializes in advanced micro-sensor technology aimed at the early detection of cardiovascular complications, particularly in patients experiencing acute heart failure. This innovative sensor system enables remote monitoring, offering unbiased data that enhances the understanding of patient conditions and the progression of illnesses. By facilitating the visualization of health metrics and the effectiveness of therapies, the technology assists healthcare providers in refining drug dosing and implementing preventative measures. Ultimately, Precision Cardiovascular's solutions contribute to improved long-term health outcomes for patients while also reducing healthcare costs associated with emergency interventions.

Balad

Pre Seed Round in 2023
Balad is an open banking platform serving migrants abroad and their family members at home. Balad provides services that include cross-border remittances, mobile banking apps, prepaid debit cards, and other financial services.

Swaplanet

Pre Seed Round in 2023
Swaplanet is the sustainable way to renew your kids' wardrobes. Parents gather all their kids' outgrown and unused clothes, selecting those in good condition. We pick them up from their homes, sort, wash, photograph, and upload to our site. Parents receive credit for the clothing they sent, and can immediately start shopping for their kids' next clothes. We charge a small swapping fee per item to cover shipping, sorting, and washing costs.

Fez

Seed Round in 2023
Fez will commit to selling peace to customers —sender and recipient. Delivering the package is their duty; making it stress-free is why they do it.

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 platform that enables both businesses and individuals to make purchases and pay for them in installments at various online and offline merchants. Launched in 2018 by Fehintolu Olaogun and Olorunfemi Jegede, CredPal is headquartered in Lagos, Nigeria. The platform is designed to provide transparency and convenience, allowing users to set up their accounts and select payment plans that best suit their needs. By leveraging technology, CredPal minimizes risk and connects users with multiple financial institutions that offer credit. This service not only facilitates consumer access to credit for purchases but also empowers retail businesses to provide on-demand credit options to their customers.

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 is a Nairobi-based company that operates a digital payment wallet, facilitating electronic transactions for individuals. It offers a range of products, including Flex Rent for managing residential and commercial rent payments, Flex Travel for holiday package payments, and Flex Retail for transactions with partner merchants. The company has developed an automated platform that enables both merchants and customers to manage flexible payments for goods and services through mobile money and bank transfer systems. This platform allows users to break down their purchases into manageable installments, enhancing affordability. Flexpay's innovative Save Now, Buy Later (SNBL) model empowers merchants to provide personalized incremental saving plans, thereby revolutionizing the payment process and improving customer engagement across Africa.

The Fashion Kingdom

Seed Round in 2022
The Fashion Kingdom is an online e-commerce platform specializing in apparel, health, and beauty products. The company offers a diverse range of items, including shirts, jeans, jackets, sweatshirts, hoodies, knitwear, swimwear, activewear, liquid lipstick, fragrances, and accessories. Catering to various age groups and genders, The Fashion Kingdom aims to provide customers in Egypt with quality outfits and value-for-money products. Customer inquiries are efficiently handled through online applications, enhancing the shopping experience.

FlexPay

Seed Round in 2022
FlexPay is an AI-driven platform based in Montréal, Quebec, that specializes in recovering lost revenue from declined transactions. Founded in 2017, it employs advanced machine learning models to analyze transaction attributes and improve recovery rates, achieving success in recovering between 50% and 70% of declined payments. The platform is designed to address each transaction individually, utilizing a proprietary decline salvage and risk balancing strategy to minimize chargebacks and associated costs. FlexPay integrates smoothly with existing customer relationship management systems and payment gateways, enabling merchants to enhance their recovery efforts while maintaining customer retention and account health.

Kashat

Seed Round in 2022
Kashat is a mobile financial services company in Egypt that focuses on meeting the financial needs of the unbanked and underbanked populations. It offers instant, small loans through a user-friendly mobile app, allowing customers to access microloans conveniently. By utilizing alternative cellular data for underwriting, Kashat serves individuals who have never had access to credit, helping them establish a financial identity and build a credit history. Once approved for a loan, customers can withdraw funds via mobile wallets and other digital payment methods. Kashat's operations are fully digital and are regulated by the Financial Regulatory Authority in Egypt, ensuring compliance and security in its financial services.

Credrails

Seed Round in 2022
Credrails delivers the infrastructure that connects bank, mobile money, and offline data into a single API, ensuring our customers have the foundation they need to power their own next-gen fintech solutions.

QiDZ

Seed Round in 2022
QiDZ LLC is a mobile application company based in Dubai, United Arab Emirates, founded in 2017. The platform connects parents with entertainment, education, and after-school vendors, allowing them to discover a variety of fun and educational activities for children. Users can plan and book these activities and services online instantly, making it easier for families to find engaging experiences. The application serves as a one-stop destination for activities catering to children of all ages, while also enabling vendors to promote their offerings to a targeted audience of parents.

Nawah Scientific

Seed Round in 2021
Cutting edge research is available exclusively to those with high tech equipment in their labs. Nawah is a core hub of advanced equipment specialized in natural and medical sciences. Nawah's online platform receives experiments requests, Nawah's scientists carry them out and return results online. Thus, researchers can do much advanced research regardless of their location and available facilities in their labs. In 3 years, we analyzed 10K+ samples for 25 universities and companies in the MENA, Malaysia, UK and Switzerland.

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.
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