Investor directory

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.

Focus

EgyptNorth AfricaAfricaSeed RoundSeries AShow more
http://algebraventures.com
https://crunchbase.com/organization/algebra-ventures
https://linkedin.com/company/algebra-ventures-llc
https://pitchbook.com/profiles/fund/15620-14F
https://signal.nfx.com/firms/algebra-ventures
https://www.capitaliq.com/CIQDotNet/company.aspx?companyId=346238142
https://www.privateequityinternational.com/database/#/profile?id=17656

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

Past deals in Egypt

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.

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.

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.

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.

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.

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.

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.