Algebra Ventures

Algebra Ventures is a venture capital firm based in Cairo, Egypt, specializing in early-stage investments within the technology sector, particularly in Fintech. Founded in 2015, the firm targets high-growth startups across the MENA region, with a preference for companies in Egypt, Jordan, Lebanon, the UAE, Tunisia, and Morocco. Algebra Ventures focuses on Series A and Series B funding rounds, although it is open to earlier-stage investments. The firm typically invests between $0.1 million and $4 million, seeking minority stakes of 15% to 30% in the companies it supports. Its investment strategy emphasizes technology-enabled businesses in areas such as e-commerce, online marketplaces, enterprise software, and digital technology, aiming to partner with passionate teams that demonstrate a unique value proposition and the potential for significant economic returns.

Tarek Asaad

Managing Partner

Tarek Assaad

Managing Partner & Co-Founder

Sharaf Hamid

Investment Associate

Karim Hussein

Managing Partner

Omar Khashaba

General Partner

Ziad Mokhtar

Co-Founder & Managing Partner

34 past transactions

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 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.

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

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.

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 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.

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. 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.

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 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.

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.

Dsquares

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.

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 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.

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 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.

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 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”).

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.

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 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.

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.