Algebra Ventures

Algebra Ventures is a venture capital firm based in Cairo, Egypt, founded in 2016. It specializes in early-stage investments, particularly in the technology sector, with a focus on startups in the Fintech space. The firm targets high-growth companies that leverage innovation to transform markets, seeking to invest between $0.1 million and $4 million, primarily in Series A and Series B rounds. Algebra Ventures is interested in technology-enabled businesses, including e-commerce, online marketplaces, enterprise software, and digital technology. It predominantly invests in Egypt while also considering opportunities in Jordan, Lebanon, the UAE, Tunisia, and Morocco. The firm aims to take minority stakes of 15% to 30% in the companies it supports, valuing passionate teams with a unique value proposition and strong execution capabilities.

Khaled Ashraf

Associate

Tarek Assaad

Managing Partner and Co-Founder

Laila Hassan

General Partner

Karim Hussein

Managing Partner

Omar Khashaba

General Partner

Ziad Mokhtar

Co-Founder and Managing Partner

35 past transactions

Sylndr

Pre Seed Round in 2022
Sylndr is an automotive focused e-commerce marketplace bringing innovation to the used-cars market, where customers can reliably and transparently sell and buy used cars. The company is aiming to build trust in the used-car market by becoming the go-to place for customers seeking to sell and buy their cars, through an extensive range of high-quality used vehicles accessible across a diverse set of financing solutions.

Shift EV

Series A in 2022
Developer of an electric mobility technology intended to accelerate the transition to fleets in emerging markets. The company's vehicles are manufactured with proprietary electro-fitting technology that can turn any conventional vehicle, enabling users to travel from one place to another on electric-run vehicles and helping the environment to be less polluted and save natural resources.

Khazna

Series A in 2022
Khazna is an Egyptian company focused on enhancing financial services through its mobile application. The platform offers a range of services, including payments, savings, and insurance, while also allowing employers to provide cash advances to employees for unforeseen emergencies. Users can easily transfer and receive funds between each other and make cash withdrawals and deposits without incurring transaction fees. By leveraging smartphone technology, Khazna aims to deliver convenient, effective, and secure financial solutions to consumers in Egypt.

Orcas

Seed Round in 2022
Orcas Solutions Limited is an online marketplace based in Cairo, Egypt, that connects parents and students with experienced private tutors and babysitters. Founded in 2014, the platform focuses on providing high-quality educational support and childcare services, ensuring that users can find reliable and skilled professionals to meet their needs. Through its services, Orcas aims to facilitate learning and enhance the childcare experience for families across the region.

POSRocket

Venture Round in 2021
POSRocket is a company based in Amman, Jordan, founded in 2016, that specializes in developing cloud-based point-of-sale (POS) systems designed to assist various types of merchants, including restaurants, boutiques, coffee shops, bakeries, salons, spas, and dry cleaners. By replacing traditional cash registers, POSRocket offers an intuitive and user-friendly platform that enables business owners to manage and grow their operations effectively. The system allows users to optimize manpower resources, manage inventory, generate diverse sales reports, and monitor business activities in real-time from any device, empowering merchants to enhance operational efficiency and make informed decisions.

Yodawy

Series B in 2021
Yodawy Inc. is an online pharmacy and insurtech startup based in Giza, Egypt, founded in 2018. The company operates a platform that enables customers to browse and order pharmaceuticals and personal care products through a mobile app, which supports delivery from a network of over 500 pharmacies across the country. Yodawy also offers a digital prescription application and an insurance approvals engine that automatically applies insurance and copayment benefits, with partnerships established with four major insurance carriers and additional ones in development.

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.

Mozare3

Pre Seed Round in 2021
Mozare3 is an agricultural-fintech startup that aims to support over 20 million underserved smallholder farmers and their families. The platform connects local farming communities to both local and global markets, facilitating access to essential agricultural services and resources. It offers periodic field visits, detailed reports, and tailored training programs to enhance the skills and capabilities of small farmers. Additionally, Mozare3 provides opportunities for farmers to market their crops and connect with agricultural export companies, ensuring they can access deals from various agricultural service providers. This includes flexible payment terms for essential supplies such as pesticides, fertilizers, and seeds, thereby fostering economic growth and sustainability within the agricultural sector.

Brimore

Seed Round in 2021
Brimore Holding B.V. operates an online retail and distribution platform that specializes in fast-moving consumer goods (FMCG). Founded in 2017 and headquartered in Cairo, Egypt, the company provides a wide range of products, including detergents, perfumes, skincare items, canned food, clothing for men, women, and children, as well as personal care and home care products. Brimore connects manufacturers with customers, facilitating access to various goods in emerging markets. Its offerings also include food and beverage, wellness products, and textiles, catering to diverse consumer needs.

Sakneen

Seed Round in 2021
Sakneen is a digital platform established in 2019, headquartered in Cairo, Egypt, designed to facilitate the buying and selling of real estate, primarily residential properties. The platform connects users with available real estate options and offers a streamlined process for applying for financing. It serves a diverse clientele, including developers, agents, and individual buyers, by providing tools that display property inventory on a map, reflecting real-time availability. Additionally, Sakneen enables online payments and enhances inventory distribution across sales teams, catering to various pricing plans suited for different budgets and inventory sizes.

Dsquares

Series B in 2020
Dsquares LLC is a software development company based in Amman, Jordan, established in 2011. The firm specializes in designing loyalty programs that enhance customer engagement and retention across various sectors, including banking, telecom, retail, hospitality, automotive, and e-commerce. Its offerings include comprehensive loyalty programs, user-friendly couponing solutions, and interactive directory assistance services. By focusing on customer spending patterns and providing various incentives such as discounts and rewards, Dsquares aims to help businesses increase sales, develop new revenue streams, and foster a differentiated customer experience.

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.

Brimore

Seed Round in 2020
Brimore Holding B.V. operates an online retail and distribution platform that specializes in fast-moving consumer goods (FMCG). Founded in 2017 and headquartered in Cairo, Egypt, the company provides a wide range of products, including detergents, perfumes, skincare items, canned food, clothing for men, women, and children, as well as personal care and home care products. Brimore connects manufacturers with customers, facilitating access to various goods in emerging markets. Its offerings also include food and beverage, wellness products, and textiles, catering to diverse consumer needs.

Eventtus

Venture Round in 2020
Eventtus, founded in 2011 and based in Cairo, Egypt, operates a social network and an engagement platform for events, catering to both organizers and attendees. The platform allows event organizers to efficiently manage their events by providing tools to create event webpages, sell tickets, and develop mobile apps featuring schedules, speaker bios, and live announcements. For attendees, Eventtus serves as a comprehensive mobile app that consolidates event information, enabling users to interact with sessions and speakers, participate in polls, and network with other attendees. Additionally, the platform enhances user experience through features such as real-time insights, Q&A monitoring, and social feeds, all aimed at maximizing networking opportunities and improving event planning effectiveness.

Khazna

Seed Round in 2020
Khazna is an Egyptian company focused on enhancing financial services through its mobile application. The platform offers a range of services, including payments, savings, and insurance, while also allowing employers to provide cash advances to employees for unforeseen emergencies. Users can easily transfer and receive funds between each other and make cash withdrawals and deposits without incurring transaction fees. By leveraging smartphone technology, Khazna aims to deliver convenient, effective, and secure financial solutions to consumers in Egypt.

Elmenus

Series B in 2020
Elmenus is a food discovery platform based in Cairo, Egypt, that was founded in 2011. The application enables users to find nearby restaurants and highlights the top-rated dishes at each location based on user reviews. Serving over one million monthly users, elmenus combines a social, visual, and personalized experience, helping individuals discover and order food that suits their preferences. The company has expanded its presence with offices in several Egyptian cities, including Alexandria, El Mansoura, Sharm El Sheikh, Hurghada, El Gouna, El Ain El Sokhna, Ras Sudr, and the North Coast.

Yodawy

Series A in 2019
Yodawy Inc. is an online pharmacy and insurtech startup based in Giza, Egypt, founded in 2018. The company operates a platform that enables customers to browse and order pharmaceuticals and personal care products through a mobile app, which supports delivery from a network of over 500 pharmacies across the country. Yodawy also offers a digital prescription application and an insurance approvals engine that automatically applies insurance and copayment benefits, with partnerships established with four major insurance carriers and additional ones in development.

Orcas

Seed Round in 2019
Orcas Solutions Limited is an online marketplace based in Cairo, Egypt, that connects parents and students with experienced private tutors and babysitters. Founded in 2014, the platform focuses on providing high-quality educational support and childcare services, ensuring that users can find reliable and skilled professionals to meet their needs. Through its services, Orcas aims to facilitate learning and enhance the childcare experience for families across the region.

Brimore

Seed Round in 2019
Brimore Holding B.V. operates an online retail and distribution platform that specializes in fast-moving consumer goods (FMCG). Founded in 2017 and headquartered in Cairo, Egypt, the company provides a wide range of products, including detergents, perfumes, skincare items, canned food, clothing for men, women, and children, as well as personal care and home care products. Brimore connects manufacturers with customers, facilitating access to various goods in emerging markets. Its offerings also include food and beverage, wellness products, and textiles, catering to diverse consumer needs.

Dsquares

Venture Round in 2019
Dsquares LLC is a software development company based in Amman, Jordan, established in 2011. The firm specializes in designing loyalty programs that enhance customer engagement and retention across various sectors, including banking, telecom, retail, hospitality, automotive, and e-commerce. Its offerings include comprehensive loyalty programs, user-friendly couponing solutions, and interactive directory assistance services. By focusing on customer spending patterns and providing various incentives such as discounts and rewards, Dsquares aims to help businesses increase sales, develop new revenue streams, and foster a differentiated customer experience.

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.

GoodsMart

Series A in 2019
GoodsMart is a mobile application that facilitates online grocery shopping, allowing users to purchase a variety of household products and groceries from local stores in Cairo, Egypt. Founded in 2013, the company provides a platform where consumers can access premium grocery products and enjoy the convenience of doorstep delivery. GoodsMart's application not only streamlines the shopping experience but also offers next-day delivery, ensuring that customers receive fresh products promptly. By connecting local shops and suppliers with consumers, GoodsMart aims to simplify daily errands while helping users save time and money.

Little Thinking Minds

Series A 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.

Halan

Series A in 2018
Halan is a ride-hailing application based in Cairo, Egypt, that specializes in providing two and three-wheeler vehicle rides and on-demand logistics services. Founded in November 2017, the platform allows users to request motorbike or tuk-tuk rides and order food or goods for delivery via motorbikes and cargo tricycles. In addition to catering to individual customers, Halan offers smart-tech last-mile delivery solutions to support both large organizations and small businesses in their distribution and supply chain needs. The application enhances convenience and safety for users while providing drivers with opportunities for incremental business. Halan has established partnerships with notable fast-food chains such as McDonald’s, KFC, and Pizza Hut, further solidifying its presence in the logistics and ride-hailing market.

FilKhedma

Seed Round in 2018
FilKhedma is the largest home services marketplace in Egypt, established in 2014 and headquartered in New Cairo. The company specializes in plumbing, electrical work, and carpentry repairs and maintenance for both homes and offices. Users can conveniently book services online through its website or via a call center, ensuring a quality-guaranteed experience with reliable service providers. The platform offers a range of services, including inspections and various levels of maintenance, from medium to heavy, as well as full-day maintenance options. Service providers undergo a thorough onboarding process before they can accept orders via a mobile app. FilKhedma operates in three major cities across Egypt, catering to a growing demand for home service solutions.

HolidayMe

Series C in 2018
HolidayMe is an online travel booking platform that specializes in offering customized travel solutions to customers in the Middle East. The platform enables users to design their own holiday packages, including hotels, sightseeing activities, and transfers for global destinations. By providing access to hundreds of curated itineraries created by travel experts, HolidayMe allows customers to personalize their trips according to individual preferences. Users can also create completely customized packages from scratch using a user-friendly interface. The platform boasts a selection of over 300,000 hotels and more than 8,000 activities, with the capability to book airport pick-up and drop-off services in 300 cities worldwide. HolidayMe operates from offices in Dubai, Riyadh, and Pune, employing a team of over 200 staff members to support its operations. The company is published and maintained by Traveazy DMCC, based in Dubai.

Halan

Series A in 2018
Halan is a ride-hailing application based in Cairo, Egypt, that specializes in providing two and three-wheeler vehicle rides and on-demand logistics services. Founded in November 2017, the platform allows users to request motorbike or tuk-tuk rides and order food or goods for delivery via motorbikes and cargo tricycles. In addition to catering to individual customers, Halan offers smart-tech last-mile delivery solutions to support both large organizations and small businesses in their distribution and supply chain needs. The application enhances convenience and safety for users while providing drivers with opportunities for incremental business. Halan has established partnerships with notable fast-food chains such as McDonald’s, KFC, and Pizza Hut, further solidifying its presence in the logistics and ride-hailing market.

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

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 is a company based in Amman, Jordan, founded in 2016, that specializes in developing cloud-based point-of-sale (POS) systems designed to assist various types of merchants, including restaurants, boutiques, coffee shops, bakeries, salons, spas, and dry cleaners. By replacing traditional cash registers, POSRocket offers an intuitive and user-friendly platform that enables business owners to manage and grow their operations effectively. The system allows users to optimize manpower resources, manage inventory, generate diverse sales reports, and monitor business activities in real-time from any device, empowering merchants to enhance operational efficiency and make informed decisions.

Eventtus

Series A in 2017
Eventtus, founded in 2011 and based in Cairo, Egypt, operates a social network and an engagement platform for events, catering to both organizers and attendees. The platform allows event organizers to efficiently manage their events by providing tools to create event webpages, sell tickets, and develop mobile apps featuring schedules, speaker bios, and live announcements. For attendees, Eventtus serves as a comprehensive mobile app that consolidates event information, enabling users to interact with sessions and speakers, participate in polls, and network with other attendees. Additionally, the platform enhances user experience through features such as real-time insights, Q&A monitoring, and social feeds, all aimed at maximizing networking opportunities and improving event planning effectiveness.

FilKhedma

Seed Round in 2017
FilKhedma is the largest home services marketplace in Egypt, established in 2014 and headquartered in New Cairo. The company specializes in plumbing, electrical work, and carpentry repairs and maintenance for both homes and offices. Users can conveniently book services online through its website or via a call center, ensuring a quality-guaranteed experience with reliable service providers. The platform offers a range of services, including inspections and various levels of maintenance, from medium to heavy, as well as full-day maintenance options. Service providers undergo a thorough onboarding process before they can accept orders via a mobile app. FilKhedma operates in three major cities across Egypt, catering to a growing demand for home service solutions.

GoodsMart

Series A in 2017
GoodsMart is a mobile application that facilitates online grocery shopping, allowing users to purchase a variety of household products and groceries from local stores in Cairo, Egypt. Founded in 2013, the company provides a platform where consumers can access premium grocery products and enjoy the convenience of doorstep delivery. GoodsMart's application not only streamlines the shopping experience but also offers next-day delivery, ensuring that customers receive fresh products promptly. By connecting local shops and suppliers with consumers, GoodsMart aims to simplify daily errands while helping users save time and money.

Elmenus

Series A in 2017
Elmenus is a food discovery platform based in Cairo, Egypt, that was founded in 2011. The application enables users to find nearby restaurants and highlights the top-rated dishes at each location based on user reviews. Serving over one million monthly users, elmenus combines a social, visual, and personalized experience, helping individuals discover and order food that suits their preferences. The company has expanded its presence with offices in several Egyptian cities, including Alexandria, El Mansoura, Sharm El Sheikh, Hurghada, El Gouna, El Ain El Sokhna, Ras Sudr, and the North Coast.

Eventtus

Venture Round in 2016
Eventtus, founded in 2011 and based in Cairo, Egypt, operates a social network and an engagement platform for events, catering to both organizers and attendees. The platform allows event organizers to efficiently manage their events by providing tools to create event webpages, sell tickets, and develop mobile apps featuring schedules, speaker bios, and live announcements. For attendees, Eventtus serves as a comprehensive mobile app that consolidates event information, enabling users to interact with sessions and speakers, participate in polls, and network with other attendees. Additionally, the platform enhances user experience through features such as real-time insights, Q&A monitoring, and social feeds, all aimed at maximizing networking opportunities and improving event planning effectiveness.
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