Ideavelopers

Ideavelopers is a venture capital and private equity firm based in Cairo, Egypt, established in 2004 as a part of the Egyptian Financial Group-Hermes Holding. The company focuses on investing in technology startups with high growth potential. Ideavelopers supports its portfolio companies not only by providing risk capital but also by offering strategic guidance and access to industry networks. Through its investments, the firm aims to empower startups and contribute to their development and success in the competitive technology landscape.

Tarek Assaad

Managing Partner

10 past transactions

IdentityMind Global

Series C in 2017
IdentityMind specializes in providing a software-as-a-service (SaaS) platform focused on online risk management and compliance automation. The company aims to help businesses mitigate client onboarding and transaction fraud while enhancing anti-money laundering (AML), sanctions screening, and know your customer (KYC) processes. Utilizing eDNA™ technology, IdentityMind continuously builds, validates, and risk scores digital identities to ensure compliance and safety throughout the customer lifecycle. The platform securely tracks various transaction entities, such as consumers and merchants, to develop payment reputations. This capability enables businesses to identify and reduce potential fraud, assess merchant account applications, facilitate account onboarding, and implement identity verification services, ultimately promoting safer e-commerce transactions.

Swipe'nTap

Venture Round in 2013
Swipe'nTap is an Egyptian company that specializes in developing, selling, and maintaining innovative ordering solutions. Founded in late 2011, the company initially focused on digital menus but has since expanded its offerings to include a diverse range of products and services. Swipe'nTap's interactive marketing platform utilizes smart devices and digital content to enhance customer engagement across various industries. By providing these advanced solutions, the company aims to help businesses improve their revenue streams and create a more effective customer experience.

Si-Ware Systems

Series A in 2013
Si-Ware Systems specializes in manufacturing integrated circuits and micro electro mechanical systems solutions. The company offers ASIC Solutions, focused on custom ASIC development with an emphasis on analog/mixed-signal and RF design, alongside its Optical MEMS Technology, which enables the integration of multiple optical components on silicon. Si-Ware’s NeoSpectra platform is a comprehensive material analysis solution that utilizes single-chip FT-NIR spectrometers, allowing for high-performance and accurate analysis in various industries, including agriculture, food, and life sciences. This platform combines portable analyzers with the NeoSpectra LabStore, a repository for test methods developed by experts in FT-NIR technology. Si-Ware Systems is headquartered in Menlo Park, California, with additional research and development centers located in Paris, France, and Cairo, Egypt.

DrBridge

Venture Round in 2012
DrBridge is a digital healthcare ecosystem that automates out-patient clinics to connecting them to patients,.

Nezal

Venture Round in 2011
Nezal Entertainment, founded in 2010 and based in Alexandria, Egypt, specializes in the development of social games. The company employs advanced technology to create high-quality online and mobile games tailored for the MENA market. Its offerings include games that reflect local themes sensitive to historical and contemporary cultural preferences, as well as concepts inspired by regional topics and events. Nezal aims to engage users with diverse gaming experiences that resonate with the cultural context of the target audience.

Offerna

Series A in 2011
Offerna.com was launched in March 2011 as Egypt’s first online offer platform based on the ‘Group Buying’ model. Growing rapidly, Offerna was at the forefront of the Egyptian e-commerce market by 2012. • Offerna accumulated knowledge and practical experience in the Egyptian online market qualified the company through the high talented team to develop a portfolio of business lines. • Offerna is currently operating in different services fields; Online Consultancy, Loyalty programs, Online Applications, SMS Campaigns and Group buying. • Generally we follows a performance based online advertising tools, where we discover providers of the most interesting products and services in Egypt. Then develop comprehensive online campaigns for our selected partners.

Nefsak

Venture Round in 2011
Nefsak is an online retail platform based in Egypt, established in 2008 by Sherif Nassar, a former IBM executive. The company has rapidly become one of the country's leading e-commerce sites, offering a diverse range of over 14,000 products. Its extensive product categories include electronics, home décor, fashion, books, kitchen appliances, and pet supplies. Nefsak aims to provide consumers with a convenient online shopping experience, allowing users to easily order products and have them delivered directly to their homes.

Ensphere Solutions

Venture Round in 2009
Ensphere Solutions, Inc. is a semiconductor company based in Santa Clara, California, established in 2006. It specializes in the development and marketing of high-performance semiconductor connectivity products for wireline, optical, and wireless applications. The company's product offerings include optical communication solutions such as long-reach laser diode drivers, transimpedance amplifiers, and SFP+ transceivers, as well as ultra-low-power wireless transceivers and mixed-signal ASICs. Ensphere Solutions leverages advanced CMOS and BiCMOS process technologies to ensure high performance and low power consumption across its product range. In addition to its semiconductor products, the company provides professional design services, enabling customers to create both standard and custom mixed-signal transceivers and RF chips tailored to their specific needs.

Diagnosoft

Series B in 2009
Diagnosoft, Inc. specializes in the development of software solutions for cardiovascular clinical analytics and magnetic resonance imaging (MRI) analysis. Based in Morrisville, North Carolina, the company was founded in 2002 and is recognized for its innovative tools that enhance the diagnosis, staging, and monitoring of cardiovascular disease. Key products include Diagnosoft FUSION, which aggregates patient-specific data from various health information systems, and Diagnosoft HARP, the first FDA-cleared software for tagged MRI analysis. Other offerings include Diagnosoft SENC, which helps measure myocardial contraction and relaxation, Diagnosoft CORE for cine MRI analysis, and Diagnosoft FLOW for measuring blood flow in major vessels. Additionally, Diagnosoft provides the Diagnosoft PULSE reporting tool for generating structured patient reports and Diagnosoft OMNEA, a connectivity platform that integrates its various products. The company's solutions aim to deliver comprehensive insights into patient health, ultimately supporting healthcare providers in making informed clinical decisions.

Fawry

Seed Round in 2008
Fawry for Banking Technology and Electronic Payments operates as an electronic payment network in Egypt, providing a range of financial services to both consumers and businesses. Founded in 2008 and based in Giza, the company serves approximately 20 million customers through over 111,000 service points across the country. Fawry offers a variety of payment solutions, including bill payments through online platforms, ATMs, mobile wallets, and retail locations, such as groceries and pharmacies. Its services encompass payment facilitation, customer acquisition, electronic cash services, and business-to-business collections. The company is known for its reliability and convenience in payment processing, making it a significant player in Egypt's electronic payment landscape.
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