Algebra Ventures

Algebra Ventures is a Cairo-based venture capital firm founded in 2015, specializing in investments in technology startups within the Fintech sector. The firm targets high-growth companies that leverage innovation to disrupt large markets, focusing on areas such as consumer internet, e-commerce, enterprise software, and advanced digital technologies. Algebra Ventures typically invests between $0.1 million and $4 million, seeking minority stakes of 15% to 30% in the companies it backs. While its primary focus is on Series A and Series B funding rounds in Egypt, it is open to earlier-stage investments and opportunities across the MENA region, particularly in Jordan, Lebanon, the UAE, Tunisia, and Morocco. The firm prioritizes teams that demonstrate vision, insight, and the execution capabilities necessary to build scalable businesses.

Assaad, Tarek

Managing Partner

Karim Hussein

Managing Partner

Omar Khashaba

General Partner

Ziad Mokhtar

Managing Partner

Past deals in Arab Countries

Cartona

Series A in 2022
Cartona is a B2B e-commerce marketplace that connects buyers and sellers across the supply chain. It directly connects retailers with suppliers, wholesalers, and producing companies. The platform enables retailers to browse, compare, and order their merchandise, saving time, money, and effort in their daily operations.

Sylndr

Pre Seed Round in 2022
Sylndr is an automotive e-commerce marketplace that focuses on enhancing the used-car market by providing a reliable and transparent platform for buying and selling vehicles. The company aims to establish trust among customers, positioning itself as the preferred choice for individuals looking to engage in transactions involving high-quality used cars. Sylndr offers a diverse selection of vehicles along with various financing options, making it easier for customers to navigate the purchasing process. Through its innovative approach, Sylndr seeks to simplify the experience of buying and selling used cars, ultimately fostering greater confidence in the market.

Shift EV

Series A in 2022
Shift EV is an electric mobility technology startup focused on developing electric vehicle batteries specifically for commercial vehicles. The company aims to facilitate the transition to electric fleets, particularly in emerging markets. Shift EV equips fleet owners, operators, and financiers with essential data regarding electric vehicle operations, including potential savings, electricity consumption, emissions reduction, available battery range, and mileage. Additionally, Shift EV employs proprietary electro-fitting technology, which allows the conversion of conventional vehicles into electric-run vehicles, contributing to reduced environmental pollution and conservation of natural resources.

Khazna

Series A in 2022
Khazna operates a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of smartphone users who lack access to formal financial systems. The super app provides a range of services including General Purpose Credit, Buy Now Pay Later (BNPL), bill payments, savings, and insurance. It also facilitates cash advances for employees to address unforeseen emergencies and allows users to transfer and receive funds without incurring transaction fees. By focusing on digitizing cash transactions, Khazna aims to offer convenient, effective, and secure financial solutions, thereby improving financial inclusion in Egypt and potentially beyond.

Orcas

Seed Round in 2022
Orcas Solutions Limited operates an online marketplace designed to connect parents and students with experienced private tutors and babysitters. Established in 2014 and based in Cairo, Egypt, the platform offers a hybrid tutoring experience that includes live sessions and personalized learning plans tailored to individual student needs. In addition to serving Egypt, Orcas extends its services to Saudi Arabia and Pakistan, aiming to enhance educational experiences and make learning enjoyable. The company's focus on quality and reliability ensures that families have access to trusted educational resources.

POSRocket

Venture Round in 2021
POSRocket, founded in 2016 and based in Amman, Jordan, offers a cloud-based point-of-sale (POS) system designed to replace traditional cash registers. The platform is user-friendly and caters to a diverse range of businesses, including restaurants, boutique shops, coffee shops, bakeries, salons, spas, and dry cleaners. POSRocket's solution helps clients manage and grow their operations by optimizing manpower resources, regulating inventory, and generating various sales reports. This technology allows business owners to monitor their operations in real-time from any device, enabling smarter decision-making and enhanced operational efficiency.

GoodsMart

Venture Round in 2021
GoodsMart is a mobile application developed to facilitate online grocery shopping and delivery. Founded in 2013 and headquartered in Cairo, Egypt, the platform aggregates local grocery stores, allowing users to purchase groceries, personal care, and home care products conveniently. GoodsMart aims to provide premium products while ensuring timely delivery, with options for next-day drop-off. The service is designed to help consumers streamline their daily errands, enjoy fresh products, and save money by bringing essential items directly to their homes.

Yodawy

Series B in 2021
Yodawy Inc. is an online pharmacy and insurtech startup based in Giza, Egypt, founded in 2018. The company offers a mobile app that allows customers to browse and order pharmaceuticals and personal care products, with delivery facilitated through a network of over 500 pharmacies across the country. Yodawy's platform features an artificial intelligence-powered approval engine that streamlines the medicine ordering process, automatically applying insurance and copayment benefits from four major insurance carriers, with plans to onboard additional providers. Additionally, Yodawy provides a digital prescription app and a pharmacy portal, enhancing the overall experience for patients seeking convenient access to medications and healthcare products.

Trella

Venture Round in 2021
Trella is a Cairo-based company founded in 2018 that provides an online platform connecting shippers to carriers in the shipping and transportation sector. The platform enhances the efficiency of drivers and offers opportunities for increased earnings and better load utilization. Trella aims to lower shipping costs through a transparent pricing structure, ensuring shippers have access to reliable carriers. It provides real-time shipment tracking and critical insights into transportation trends and performance, fostering improved decision-making for shippers. By bridging the gap between shippers and carriers, Trella enhances the overall efficiency of the logistics process.

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 is a social commerce platform that connects emerging brand owners with a network of individual distributors, enabling them to market and sell their products via social media. The platform facilitates a parallel distribution channel, allowing small local manufacturers to reach consumers directly through freelance sales agents. By leveraging data analytics, Brimore provides nationwide coverage across all twenty-seven governorates, enhancing the visibility and accessibility of emerging brands in the market. This approach supports local businesses by expanding their sales reach and fostering a community-driven sales model.

Sakneen

Seed Round in 2021
Sakneen is building an online real estate platform that will make it easier for developers, agents, and individuals to buy and sell properties mainly homes.

Dsquares

Private Equity Round in 2020
Dsquares is a company that focuses on developing loyalty programs designed to enhance the connection between businesses and their customers. The company provides a range of services, including comprehensive loyalty programs and user-friendly coupon solutions, aimed at various sectors such as banking, telecom, retail, hospitality, automotive, and e-commerce. Additionally, Dsquares offers interactive directory services that help businesses introduce new revenue streams and deliver a unique customer experience. By doing so, Dsquares enables organizations to increase customer loyalty and retention effectively.

La Reina

Seed Round in 2020
La Reina is an online fashion rental platform based in Heliopolis, Cairo, Egypt, that specializes in the rental of designer wedding and evening dresses, along with accessories. Founded in 2016, the company creates a marketplace where women can rent their evening and bridal gowns to one another. The platform features a diverse collection of designer dresses available in various sizes, allowing users to access high-quality fashion at discounted rates. This innovative approach not only promotes sustainable fashion practices but also provides an economical alternative for special occasions.

Brimore

Seed Round in 2020
Brimore is a social commerce platform that connects emerging brand owners with a network of individual distributors, enabling them to market and sell their products via social media. The platform facilitates a parallel distribution channel, allowing small local manufacturers to reach consumers directly through freelance sales agents. By leveraging data analytics, Brimore provides nationwide coverage across all twenty-seven governorates, enhancing the visibility and accessibility of emerging brands in the market. This approach supports local businesses by expanding their sales reach and fostering a community-driven sales model.

Eventtus

Venture Round in 2020
Eventtus is an event engagement platform that simplifies the event management process for organizers and enhances the experience for attendees. Organizers can quickly input event details, create dedicated web pages, sell tickets, and develop customized mobile apps that feature event agendas, speaker bios, and live announcements. The platform fosters attendee interaction by allowing users to engage with sessions, participate in real-time polls, and network with other participants. Through its comprehensive tools, Eventtus enables organizers to monitor audience engagement, facilitate Q&As, and gather feedback via quick surveys, thereby improving event planning and outcomes. For attendees, the app serves as a central hub for all event-related information, enhancing connectivity and interaction throughout the event.

Khazna

Seed Round in 2020
Khazna operates a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of smartphone users who lack access to formal financial systems. The super app provides a range of services including General Purpose Credit, Buy Now Pay Later (BNPL), bill payments, savings, and insurance. It also facilitates cash advances for employees to address unforeseen emergencies and allows users to transfer and receive funds without incurring transaction fees. By focusing on digitizing cash transactions, Khazna aims to offer convenient, effective, and secure financial solutions, thereby improving financial inclusion in Egypt and potentially beyond.

elmenus

Series B in 2020
Elmenus is a food discovery platform based in Cairo, Egypt, founded in 2011. The company operates a digital application that allows users to explore nearby restaurants and discover popular dishes, enhanced by community-generated content including photos, reviews, and ratings. Catering to over one million monthly users, Elmenus combines a social and visual experience to facilitate food discovery and ordering. It has expanded its presence with offices in several Egyptian cities, including Alexandria and Sharm El Sheikh. The platform's focus on personalized recommendations helps users find and enjoy the food they love, making it a significant player in Egypt's food tech landscape.

Yodawy

Series A in 2019
Yodawy Inc. is an online pharmacy and insurtech startup based in Giza, Egypt, founded in 2018. The company offers a mobile app that allows customers to browse and order pharmaceuticals and personal care products, with delivery facilitated through a network of over 500 pharmacies across the country. Yodawy's platform features an artificial intelligence-powered approval engine that streamlines the medicine ordering process, automatically applying insurance and copayment benefits from four major insurance carriers, with plans to onboard additional providers. Additionally, Yodawy provides a digital prescription app and a pharmacy portal, enhancing the overall experience for patients seeking convenient access to medications and healthcare products.

Trella

Pre Seed Round in 2019
Trella is a Cairo-based company founded in 2018 that provides an online platform connecting shippers to carriers in the shipping and transportation sector. The platform enhances the efficiency of drivers and offers opportunities for increased earnings and better load utilization. Trella aims to lower shipping costs through a transparent pricing structure, ensuring shippers have access to reliable carriers. It provides real-time shipment tracking and critical insights into transportation trends and performance, fostering improved decision-making for shippers. By bridging the gap between shippers and carriers, Trella enhances the overall efficiency of the logistics process.

Orcas

Seed Round in 2019
Orcas Solutions Limited operates an online marketplace designed to connect parents and students with experienced private tutors and babysitters. Established in 2014 and based in Cairo, Egypt, the platform offers a hybrid tutoring experience that includes live sessions and personalized learning plans tailored to individual student needs. In addition to serving Egypt, Orcas extends its services to Saudi Arabia and Pakistan, aiming to enhance educational experiences and make learning enjoyable. The company's focus on quality and reliability ensures that families have access to trusted educational resources.

Brimore

Seed Round in 2019
Brimore is a social commerce platform that connects emerging brand owners with a network of individual distributors, enabling them to market and sell their products via social media. The platform facilitates a parallel distribution channel, allowing small local manufacturers to reach consumers directly through freelance sales agents. By leveraging data analytics, Brimore provides nationwide coverage across all twenty-seven governorates, enhancing the visibility and accessibility of emerging brands in the market. This approach supports local businesses by expanding their sales reach and fostering a community-driven sales model.

Dsquares

Venture Round in 2019
Dsquares is a company that focuses on developing loyalty programs designed to enhance the connection between businesses and their customers. The company provides a range of services, including comprehensive loyalty programs and user-friendly coupon solutions, aimed at various sectors such as banking, telecom, retail, hospitality, automotive, and e-commerce. Additionally, Dsquares offers interactive directory services that help businesses introduce new revenue streams and deliver a unique customer experience. By doing so, Dsquares enables organizations to increase customer loyalty and retention effectively.

Trella

Pre Seed Round in 2019
Trella is a Cairo-based company founded in 2018 that provides an online platform connecting shippers to carriers in the shipping and transportation sector. The platform enhances the efficiency of drivers and offers opportunities for increased earnings and better load utilization. Trella aims to lower shipping costs through a transparent pricing structure, ensuring shippers have access to reliable carriers. It provides real-time shipment tracking and critical insights into transportation trends and performance, fostering improved decision-making for shippers. By bridging the gap between shippers and carriers, Trella enhances the overall efficiency of the logistics process.

GoodsMart

Series A in 2019
GoodsMart is a mobile application developed to facilitate online grocery shopping and delivery. Founded in 2013 and headquartered in Cairo, Egypt, the platform aggregates local grocery stores, allowing users to purchase groceries, personal care, and home care products conveniently. GoodsMart aims to provide premium products while ensuring timely delivery, with options for next-day drop-off. The service is designed to help consumers streamline their daily errands, enjoy fresh products, and save money by bringing essential items directly to their homes.

Little Thinking Minds

Series A in 2018
Little Thinking Minds is an educational technology company focused on enhancing learning outcomes for school-aged children through innovative educational products and resources. Initially, the company specialized in literacy content for preschoolers, addressing foundational skills in reading and numeracy. In 2015, it leveraged its expertise to develop online Arabic literacy solutions, notably I Read Arabic, the largest digital reading platform globally for Arabic children's literature. This platform offers a gamified experience with hundreds of books from esteemed regional publishers. Additionally, Little Thinking Minds has introduced KG Arabic, aimed at early learners to boost their vocabulary and fluency in Arabic. Their latest offering, I Start Arabic, targets non-native speakers, providing essential words and phrases for everyday communication. By creating these advanced digital solutions, Little Thinking Minds seeks to improve Arabic language proficiency and foster cultural connectedness among children in the Middle East and North Africa, as well as worldwide.

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, facilitating connections between users and reliable service providers for home cleaning, maintenance, and other essential services. The platform allows users to book quality guaranteed services online, ensuring a convenient experience. Service providers undergo a thorough onboarding process to ensure their qualifications, after which they can receive service requests through a dedicated mobile app. FilKhedma operates in three major Egyptian cities and caters to both residential and corporate clients, offering a range of services that include plumbing, carpentry, electrical work, air conditioning, and more. The company emphasizes punctual appointments and transparent pricing, aiming to deliver skilled technicians to meet diverse home maintenance needs.

HolidayMe

Series C in 2018
HolidayMe is an online travel portal founded in 2013 and operates under the registered trademark of Traveazy DMCC, with its headquarters in Dubai, UAE. The company provides a comprehensive travel booking platform that offers a range of services, including holiday planning, hotel bookings, customized travel packages, and booking vouchers. With a presence in multiple countries, including India, Saudi Arabia, and Egypt, HolidayMe caters to both B2B and B2C markets, featuring products such as Umrah and leisure packages. The platform is designed to streamline the travel experience, allowing customers to easily select and book their desired holiday destinations through various payment methods. HolidayMe has received multiple accolades and recognition within the travel and startup community, highlighting its commitment to delivering exceptional service and innovative solutions in a competitive market.

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 is an online fashion rental platform based in Heliopolis, Cairo, Egypt, that specializes in the rental of designer wedding and evening dresses, along with accessories. Founded in 2016, the company creates a marketplace where women can rent their evening and bridal gowns to one another. The platform features a diverse collection of designer dresses available in various sizes, allowing users to access high-quality fashion at discounted rates. This innovative approach not only promotes sustainable fashion practices but also provides an economical alternative for special occasions.

POSRocket

Venture Round in 2018
POSRocket, founded in 2016 and based in Amman, Jordan, offers a cloud-based point-of-sale (POS) system designed to replace traditional cash registers. The platform is user-friendly and caters to a diverse range of businesses, including restaurants, boutique shops, coffee shops, bakeries, salons, spas, and dry cleaners. POSRocket's solution helps clients manage and grow their operations by optimizing manpower resources, regulating inventory, and generating various sales reports. This technology allows business owners to monitor their operations in real-time from any device, enabling smarter decision-making and enhanced operational efficiency.

Eventtus

Series A in 2017
Eventtus is an event engagement platform that simplifies the event management process for organizers and enhances the experience for attendees. Organizers can quickly input event details, create dedicated web pages, sell tickets, and develop customized mobile apps that feature event agendas, speaker bios, and live announcements. The platform fosters attendee interaction by allowing users to engage with sessions, participate in real-time polls, and network with other participants. Through its comprehensive tools, Eventtus enables organizers to monitor audience engagement, facilitate Q&As, and gather feedback via quick surveys, thereby improving event planning and outcomes. For attendees, the app serves as a central hub for all event-related information, enhancing connectivity and interaction throughout the event.

FilKhedma

Seed Round in 2017
FilKhedma is the largest home services marketplace in Egypt, facilitating connections between users and reliable service providers for home cleaning, maintenance, and other essential services. The platform allows users to book quality guaranteed services online, ensuring a convenient experience. Service providers undergo a thorough onboarding process to ensure their qualifications, after which they can receive service requests through a dedicated mobile app. FilKhedma operates in three major Egyptian cities and caters to both residential and corporate clients, offering a range of services that include plumbing, carpentry, electrical work, air conditioning, and more. The company emphasizes punctual appointments and transparent pricing, aiming to deliver skilled technicians to meet diverse home maintenance needs.

GoodsMart

Series A in 2017
GoodsMart is a mobile application developed to facilitate online grocery shopping and delivery. Founded in 2013 and headquartered in Cairo, Egypt, the platform aggregates local grocery stores, allowing users to purchase groceries, personal care, and home care products conveniently. GoodsMart aims to provide premium products while ensuring timely delivery, with options for next-day drop-off. The service is designed to help consumers streamline their daily errands, enjoy fresh products, and save money by bringing essential items directly to their homes.

elmenus

Series A in 2017
Elmenus is a food discovery platform based in Cairo, Egypt, founded in 2011. The company operates a digital application that allows users to explore nearby restaurants and discover popular dishes, enhanced by community-generated content including photos, reviews, and ratings. Catering to over one million monthly users, Elmenus combines a social and visual experience to facilitate food discovery and ordering. It has expanded its presence with offices in several Egyptian cities, including Alexandria and Sharm El Sheikh. The platform's focus on personalized recommendations helps users find and enjoy the food they love, making it a significant player in Egypt's food tech landscape.

Eventtus

Venture Round in 2016
Eventtus is an event engagement platform that simplifies the event management process for organizers and enhances the experience for attendees. Organizers can quickly input event details, create dedicated web pages, sell tickets, and develop customized mobile apps that feature event agendas, speaker bios, and live announcements. The platform fosters attendee interaction by allowing users to engage with sessions, participate in real-time polls, and network with other participants. Through its comprehensive tools, Eventtus enables organizers to monitor audience engagement, facilitate Q&As, and gather feedback via quick surveys, thereby improving event planning and outcomes. For attendees, the app serves as a central hub for all event-related information, enhancing connectivity and interaction throughout the event.
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