Algebra Ventures

Algebra Ventures invests in technology startups that leverage innovation to transform large markets. They seek high-growth companies, led by passionate and capable teams, that have a unique value proposition, and that can generate significant economic returns. Algebra Ventures looks for entrepreneurial teams that possess vision and insight as well as the execution skills needed to build scalable companies. Algebra Ventures focuses on Series A and Series B rounds in Egypt although they do not exclude investments in earlier-stage startups or in other parts of the MENA region. They prefer to meet startups early on and get to know the team as the opportunity is shaping up.

Tarek Asaad

Managing Partner

Tarek Assaad

Managing Partner

Sharaf Hamid

Investment Associate

Karim Hussein

Managing Partner

Omar Khashaba

Principal

Ziad Mokhtar

Managing Partner

Farah Osman

Associate

52 past transactions

Dsquares LLC

Venture Round in 2019
Dsquares LLC Dsquares LLC designs and develops software solutions focusing on loyalty programs for clients. Its solutions include loyalty 360 program develops customer retention and spending patterns; coupon ,rewards, discounts, for increasing sales; assistance offers solutions for customers concierge services. The company was founded in 2011 and is based in Amman, Jordan.

Mozare3

Pre Seed Round in 2021
Mozare3 operates as an agricultural-fintech startup. Mozare3 is a platform that serves more than 20 million underserved, unbankable smallholder farmers and their families.

Orcas Solutions

Seed Round in 2022
Orcas Solutions Limited owns and operates an online marketplace for tutors and babysitters. It connects parents and students with experienced private tutors and babysitters. The company was founded in 2014 and is based in Cairo, Egypt.

Khazna

Series A in 2022
Khazna is an Egyptian company that aims to improve and expand financial services for Egyptians through the mobile application.

HolidayMe

Series C in 2018
HolidayMe is an online portal offering offering on-the-fly customized travel solutions to customers across the Middle East. This includes the ability to design holiday packages, hotels, sightseeing activities and transfers for destinations all over the world. The website through its unique user experience allows the customer to choose from hundreds of curated itineraries created by experts for worldwide destinations and further personalize it according to one’s preferences. The customer can also book a completely customized package from scratch using the website’s simple user friendly platform. All packages can be booked instantly using multiple payment methods. The website offers over 300,000 hotels and over 8,000 activities to choose from. It also has airport pick up and drop facility across 300 cities globally. It has offices in Dubai, Riyadh, and Pune, with a team of over 200 employees across these locations. HolidayMe is published and maintained by Traveazy DMCC, Dubai (“Traveazy”).

Little Thinking Minds Company, LLC.

Private Placement in 2018
Little Thinking Minds Company, LLC. produces educational Arabic content for children. It offers its educational content on various platforms, such as DVDs, CDs, activity books, flash cards, video and audio downloads, apps, and online games. The company sells its products through retail outlets, bookshops, play areas, and mega stores, as well as online in the United States, the United Kingdom, Lebanon, Jordan, Egypt, Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Singapore, and Australia. Little Thinking Minds Company, LLC. was founded in 2004 and is based in Amman, Jordan with additional locations in Dubai, the United Arab Emirates and Saudi Arabia.

Trella

Private Placement in 2019
Trella is a platform that connects shippers to carriers. Trella offers services and technology to empower drivers, improve their efficiency, boost their earnings and utilization as well as creating job opportunities. Trella aims to reduce costs for shippers, introduce a transparent pricing structure and provide them with a more reliable source of carriers. All the while allowing them to track their shipments in real-time as well as report key insights on their transportation trends and performance.

GoodsMart

Series A in 2019
GoodsMart designs and develops an mobile application software which allows users to shop groceries online. The company gathers the grocery stores in town in the application and also provides doorstep delivery. The company was founded in 2013 and is based in Cairo, Egypt.

GoodsMart

Series A in 2017
GoodsMart designs and develops an mobile application software which allows users to shop groceries online. The company gathers the grocery stores in town in the application and also provides doorstep delivery. The company was founded in 2013 and is based in Cairo, Egypt.

Traveazy DMCC

Private Placement in 2018
Traveazy DMCC operates online travel portals. Its solutions include holidayme, a travel Website that provides users with the ability to design and book holiday packages, hotels, sightseeing activities, and transfers for destinations worldwide; and Umrahme.com, a multilingual travel portal provides Umrah related products to the customers. The company’s Website also allows users to pre-book airport pick-up and drop transfers across various cities. Traveazy DMCC was founded in 2013 and is based in Dubai, United Arab Emirates with additional offices in Riyadh, Saudi Arabia; and Pune, India.

Sakneen

Seed Round in 2021
Sakneen develops digital platform that helps users find available real estate options on the market and apply for the appropriate financing options. The company was founded in 2019 and is based in Cairo, Egypt.

Brimore

Private Placement in 2020
Brimore Holding B.V. owns and operates an online retail and distribution platform. The company offers fast-moving consumer goods (FMCG). It offers detergents, perfumes, skin, canned food, upholstery, skin care, lips, spices, mixes, and beans, men wear, personal care, hair care, eyes, women wear, baby and kids wear, appliances, make up, textiles, home care, food and beverage, and wellness products. The company connects and serves manufacturers and customers. Brimore Holding B.V. was founded in 2017 and is headquartered in Cairo, Egypt.

elmenus

Series A in 2017
Elmenus develops a food discovery platform. The application finds nearby restaurants and top dishes at each restaurant as rated by users. The company was founded in 2011 and is based in Cairo, Egypy additionally it has offices in Alexandria, El Mansoura, Sharm El Sheikh, Hurghada, El Gouna, El Ain El Sokhna, Ras Sudr, North Coast, Egypt.

Halan

Series A in 2018
Halan is a ride-hailing application that provides two and three-wheeler vehicle rides and on-demand logistics. The application also caters to businesses, offering smart-tech last-mile delivery through their integrated smart services using motorcycle and tricycles. It allows customers to request motorbike or tuk-tuk rides, or order food or goods for delivery via motorbikes or cargo tricycles. Halan also offers on-demand logistics solutions to support large organizations and small businesses alike in their distribution and supply chain. It also provides convenience and safety, while for the driver it offers incremental business. The application has delivered partnerships with fast-food chains like McDonald’s, KFC and Pizza Hut in Egypt. Halan was founded in November 2017 and is based in Cairo, Al Qahirah, Egypt.

Brimore

Seed Round in 2020
Brimore Holding B.V. owns and operates an online retail and distribution platform. The company offers fast-moving consumer goods (FMCG). It offers detergents, perfumes, skin, canned food, upholstery, skin care, lips, spices, mixes, and beans, men wear, personal care, hair care, eyes, women wear, baby and kids wear, appliances, make up, textiles, home care, food and beverage, and wellness products. The company connects and serves manufacturers and customers. Brimore Holding B.V. was founded in 2017 and is headquartered in Cairo, Egypt.

iCommunity

Series A in 2018
Community is a community management platform that engages residents in a close gated community while supporting their needs. It is a direct communication tool for neighbors, their home owner association and the community management. By providing prompt facility & security services, useful information and interactive dialogue, the community comes to life as one active society.

La Reina

Private Placement in 2020
La Reina provides an online fashion rental platform, which allows women to rent their evening and bridal gowns to each other. It provides an online marketplace for designer wedding dresses, evening dresses, and accessories rental. The company was founded in 2016 and is based in Cairo, Egypt.

EVENTTUS, INC.

Private Placement in 2020
EVENTTUS, INC. operates a social network for events. It enables users to find interesting events, share their plans with friends, socialize during events, and meet new people. The company’s network also allows users to capture their event moments; and share photos, videos, and comments with friends. In addition, it offers various tools and services that enable users to organize and manage events. The company was founded in 2011 and is based in Cairo, Egypt.

Yodawy Inc.

Series A in 2019
Yodawy is an online pharmacy and insurtech startup that allows customers to order pharmaceuticals and cosmetics via a mobile app and have those delivered through a network of 500+ pharmacies across Egypt. Insurance and copayment benefits are automatically applied with four major insurance carriers onboarded thus far and more in the pipeline.

Orcas Solutions

Private Placement in 2019
Orcas Solutions Limited owns and operates an online marketplace for tutors and babysitters. It connects parents and students with experienced private tutors and babysitters. The company was founded in 2014 and is based in Cairo, Egypt.

EVENTTUS, INC.

Venture Round in 2016
EVENTTUS, INC. operates a social network for events. It enables users to find interesting events, share their plans with friends, socialize during events, and meet new people. The company’s network also allows users to capture their event moments; and share photos, videos, and comments with friends. In addition, it offers various tools and services that enable users to organize and manage events. The company was founded in 2011 and is based in Cairo, Egypt.

Yodawy Inc.

Series B in 2021
Yodawy is an online pharmacy and insurtech startup that allows customers to order pharmaceuticals and cosmetics via a mobile app and have those delivered through a network of 500+ pharmacies across Egypt. Insurance and copayment benefits are automatically applied with four major insurance carriers onboarded thus far and more in the pipeline.

Dsquares LLC

Series B in 2020
Dsquares LLC Dsquares LLC designs and develops software solutions focusing on loyalty programs for clients. Its solutions include loyalty 360 program develops customer retention and spending patterns; coupon ,rewards, discounts, for increasing sales; assistance offers solutions for customers concierge services. The company was founded in 2011 and is based in Amman, Jordan.

POSRocket

Venture Round in 2021
POSRocket manufactures point of sales machines. The product is cloud based system and can be used by merchants. The company serves restaurants, boutique shops, coffee shops, bakeries, salon, spas and dry cleaners. POSRocket was founded in 2016 and is based in Amman, Jordan.
Little Thinking Minds Company, LLC. produces educational Arabic content for children. It offers its educational content on various platforms, such as DVDs, CDs, activity books, flash cards, video and audio downloads, apps, and online games. The company sells its products through retail outlets, bookshops, play areas, and mega stores, as well as online in the United States, the United Kingdom, Lebanon, Jordan, Egypt, Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Singapore, and Australia. Little Thinking Minds Company, LLC. was founded in 2004 and is based in Amman, Jordan with additional locations in Dubai, the United Arab Emirates and Saudi Arabia.

Brimore

Seed Round in 2021
Brimore Holding B.V. owns and operates an online retail and distribution platform. The company offers fast-moving consumer goods (FMCG). It offers detergents, perfumes, skin, canned food, upholstery, skin care, lips, spices, mixes, and beans, men wear, personal care, hair care, eyes, women wear, baby and kids wear, appliances, make up, textiles, home care, food and beverage, and wellness products. The company connects and serves manufacturers and customers. Brimore Holding B.V. was founded in 2017 and is headquartered in Cairo, Egypt.

Brimore

Private Placement in 2019
Brimore Holding B.V. owns and operates an online retail and distribution platform. The company offers fast-moving consumer goods (FMCG). It offers detergents, perfumes, skin, canned food, upholstery, skin care, lips, spices, mixes, and beans, men wear, personal care, hair care, eyes, women wear, baby and kids wear, appliances, make up, textiles, home care, food and beverage, and wellness products. The company connects and serves manufacturers and customers. Brimore Holding B.V. was founded in 2017 and is headquartered in Cairo, Egypt.

Trella

Venture Round in 2021
Trella is a platform that connects shippers to carriers. Trella offers services and technology to empower drivers, improve their efficiency, boost their earnings and utilization as well as creating job opportunities. Trella aims to reduce costs for shippers, introduce a transparent pricing structure and provide them with a more reliable source of carriers. All the while allowing them to track their shipments in real-time as well as report key insights on their transportation trends and performance.

Dsquares LLC

Private Placement in 2019
Dsquares LLC Dsquares LLC designs and develops software solutions focusing on loyalty programs for clients. Its solutions include loyalty 360 program develops customer retention and spending patterns; coupon ,rewards, discounts, for increasing sales; assistance offers solutions for customers concierge services. The company was founded in 2011 and is based in Amman, Jordan.

Yodawy Inc.

Private Placement in 2019
Yodawy is an online pharmacy and insurtech startup that allows customers to order pharmaceuticals and cosmetics via a mobile app and have those delivered through a network of 500+ pharmacies across Egypt. Insurance and copayment benefits are automatically applied with four major insurance carriers onboarded thus far and more in the pipeline.

La Reina

Seed Round in 2018
La Reina provides an online fashion rental platform, which allows women to rent their evening and bridal gowns to each other. It provides an online marketplace for designer wedding dresses, evening dresses, and accessories rental. The company was founded in 2016 and is based in Cairo, Egypt.

POSRocket

Venture Round in 2018
POSRocket manufactures point of sales machines. The product is cloud based system and can be used by merchants. The company serves restaurants, boutique shops, coffee shops, bakeries, salon, spas and dry cleaners. POSRocket was founded in 2016 and is based in Amman, Jordan.

elmenus

Private Placement in 2020
Elmenus develops a food discovery platform. The application finds nearby restaurants and top dishes at each restaurant as rated by users. The company was founded in 2011 and is based in Cairo, Egypy additionally it has offices in Alexandria, El Mansoura, Sharm El Sheikh, Hurghada, El Gouna, El Ain El Sokhna, Ras Sudr, North Coast, Egypt.

Dsquares LLC

Private Placement in 2020
Dsquares LLC Dsquares LLC designs and develops software solutions focusing on loyalty programs for clients. Its solutions include loyalty 360 program develops customer retention and spending patterns; coupon ,rewards, discounts, for increasing sales; assistance offers solutions for customers concierge services. The company was founded in 2011 and is based in Amman, Jordan.

Halan

Series A in 2018
Halan is a ride-hailing application that provides two and three-wheeler vehicle rides and on-demand logistics. The application also caters to businesses, offering smart-tech last-mile delivery through their integrated smart services using motorcycle and tricycles. It allows customers to request motorbike or tuk-tuk rides, or order food or goods for delivery via motorbikes or cargo tricycles. Halan also offers on-demand logistics solutions to support large organizations and small businesses alike in their distribution and supply chain. It also provides convenience and safety, while for the driver it offers incremental business. The application has delivered partnerships with fast-food chains like McDonald’s, KFC and Pizza Hut in Egypt. Halan was founded in November 2017 and is based in Cairo, Al Qahirah, Egypt.

Brimore

Seed Round in 2019
Brimore Holding B.V. owns and operates an online retail and distribution platform. The company offers fast-moving consumer goods (FMCG). It offers detergents, perfumes, skin, canned food, upholstery, skin care, lips, spices, mixes, and beans, men wear, personal care, hair care, eyes, women wear, baby and kids wear, appliances, make up, textiles, home care, food and beverage, and wellness products. The company connects and serves manufacturers and customers. Brimore Holding B.V. was founded in 2017 and is headquartered in Cairo, Egypt.

FilKhedma

Seed Round in 2018
FilKhedma.com, Inc., LLC offers plumbing, electricity, and carpentry repairs and maintenance services for homes and offices. The company provides booking process through its website or call center. It offers inspection, medium maintenance, heavy maintenance, and full day maintenance services. FilKhedma.com, Inc., LLC was founded in 2014 and is headquartered in New Cairo, Egypt.

Khazna

Seed Round in 2020
Khazna is an Egyptian company that aims to improve and expand financial services for Egyptians through the mobile application.

La Reina

Seed Round in 2020
La Reina provides an online fashion rental platform, which allows women to rent their evening and bridal gowns to each other. It provides an online marketplace for designer wedding dresses, evening dresses, and accessories rental. The company was founded in 2016 and is based in Cairo, Egypt.

La Reina

Private Placement in 2018
La Reina provides an online fashion rental platform, which allows women to rent their evening and bridal gowns to each other. It provides an online marketplace for designer wedding dresses, evening dresses, and accessories rental. The company was founded in 2016 and is based in Cairo, Egypt.

GoodsMart

Private Placement in 2019
GoodsMart designs and develops an mobile application software which allows users to shop groceries online. The company gathers the grocery stores in town in the application and also provides doorstep delivery. The company was founded in 2013 and is based in Cairo, Egypt.

Orcas Solutions

Seed Round in 2019
Orcas Solutions Limited owns and operates an online marketplace for tutors and babysitters. It connects parents and students with experienced private tutors and babysitters. The company was founded in 2014 and is based in Cairo, Egypt.

EVENTTUS, INC.

Series A in 2017
EVENTTUS, INC. operates a social network for events. It enables users to find interesting events, share their plans with friends, socialize during events, and meet new people. The company’s network also allows users to capture their event moments; and share photos, videos, and comments with friends. In addition, it offers various tools and services that enable users to organize and manage events. The company was founded in 2011 and is based in Cairo, Egypt.

POSRocket

Private Placement in 2018
POSRocket manufactures point of sales machines. The product is cloud based system and can be used by merchants. The company serves restaurants, boutique shops, coffee shops, bakeries, salon, spas and dry cleaners. POSRocket was founded in 2016 and is based in Amman, Jordan.

EVENTTUS, INC.

Venture Round in 2020
EVENTTUS, INC. operates a social network for events. It enables users to find interesting events, share their plans with friends, socialize during events, and meet new people. The company’s network also allows users to capture their event moments; and share photos, videos, and comments with friends. In addition, it offers various tools and services that enable users to organize and manage events. The company was founded in 2011 and is based in Cairo, Egypt.

Halan Inc.

Private Placement in 2018
Halan Inc. was founded in 2017 and is headquartered in Cairo, Egypt.

FilKhedma

Seed Round in 2017
FilKhedma.com, Inc., LLC offers plumbing, electricity, and carpentry repairs and maintenance services for homes and offices. The company provides booking process through its website or call center. It offers inspection, medium maintenance, heavy maintenance, and full day maintenance services. FilKhedma.com, Inc., LLC was founded in 2014 and is headquartered in New Cairo, Egypt.

Trella

Pre Seed Round in 2019
Trella is a platform that connects shippers to carriers. Trella offers services and technology to empower drivers, improve their efficiency, boost their earnings and utilization as well as creating job opportunities. Trella aims to reduce costs for shippers, introduce a transparent pricing structure and provide them with a more reliable source of carriers. All the while allowing them to track their shipments in real-time as well as report key insights on their transportation trends and performance.

elmenus

Series B in 2020
Elmenus develops a food discovery platform. The application finds nearby restaurants and top dishes at each restaurant as rated by users. The company was founded in 2011 and is based in Cairo, Egypy additionally it has offices in Alexandria, El Mansoura, Sharm El Sheikh, Hurghada, El Gouna, El Ain El Sokhna, Ras Sudr, North Coast, Egypt.