🦊/Investors

Algebra Ventures

Venture capital

Cairo · Seed–Series B · 7 people tracked

Find your way into Algebra Ventures

3,226 people in our graph share verified history with the Algebra Ventures team — schools, employers, funds. One of them is your warm intro.

Javier Solterounlockedknows Karim Hussein · together at Carnegie Mellon University (overlapped)
×2knows the team · via McKinsey & Company
×3knows the team · via Massachusetts Institute of Technology
×2knows the team · via London Business School
knows the team · via Morgan Stanley
knows the team · via Cornell
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Investment thesis

Egypt's leading tech VC since 2016, partnering with bold, resilient founders across MEA and providing a diverse, experienced team of founders, geeks and operators focused on tech's positive impact.

Stage
Seed–Series B
Check
$500K – $4M
HQ
Cairo, EG
Leads rounds
Follows
Instruments
Equity
Founded
2016
AUM
$154M
Tracked investments
37

Team · 7 people

from curated & public directories
Khaled Ashraf· Associatein

What they invest in

from 27 of 37 portfolio companies

Fintech ×8SaaS ×7Enterprise Software ×6B2B Marketplaces ×5Consumer ×5Marketplaces ×5E-commerce ×4Logistics & Supply Chain ×4

HQs:Egypt×13United Arab Emirates×1Jordan×1Morocco×1Saudi Arabia×1United States×1

Investments · 37 tracked

founders shown can be your intro path

By year:2024 · 32023 · 22022 · 32021 · 12020 · 12019 · 42018 · 52017 · 22016 · 122 dated

Brimorebrimore.comSeed · Apr 2019 · $800K

Co-investorsSprint VcVision Ventures

Cartonacartona.comin𝕏Jul 2024 · $8.1M

Cartona operates a B2B e-commerce marketplace that digitizes Egypt's traditional trade market, connecting retailers such as mom-and-pop stores, hotels, restaurants, and cafes with FMCG companies and wholesalers.

B2B MarketplacesE-commerceRetail Tech

Co-investorsCapria VenturesSilicon BadiaCamel VenturesGlobal VenturesSANAD Fund

Connectconnect.moneyin

Connect Money offers a platform for businesses to issue white-labeled payment cards, enable digital payments, provide credit and lending to customers including the unbanked, and run customer rewards programs.

FintechSaaS

Co-investorsVentureSouq

Cylindercylinderhealth.comin𝕏May 2022 · $12.6M

Cylinder Health is a data-driven digestive health organization that develops value-based care programs, products, and payment models in the gastrointestinal space.

Digital HealthHealthtech

Bill Snyder(Founder & CEO)in

Co-investors7wire VenturesBig Pi VenturesCorewell Health VenturesDistributed VenturesFCA Venture PartnersHealth Catalyst Capital+5 more

Deep Echodeepecho.ioin

DeepEcho develops AI-powered intelligent ultrasound technology to detect birth defects, preterm birth, and low birth weight in newborns.

AI & Machine LearningDigital HealthFemTechHealthtechMedical Devices

Youssef Bouyakhf(Founder)in

Co-investorsAsia Africa Investment & Consulting (AAIC)UM6P Ventures

Dsquaresdsquares.comin𝕏Series A · Mar 2019

Dsquares is a B2B provider of loyalty and rewards solutions for enterprise clients, helping companies enhance customer retention and drive sales growth through tailored programs.

ConsumerEnterprise SoftwareMarketing TechRetail TechSaaSCairo, EG

Dxwanddxwand.cominSeries A · Dec 2023 · $4M

DXwand builds ORXTRA, a generative AI platform that deploys AI agents integrating with enterprises' unstructured data, knowledge bases, and existing systems.

AI & Machine LearningEnterprise SoftwareSaaSRas Alkhaimah

Ahmed Mahmoud(Founder)Ahmed Ahmed Mahmoud Mohammed(Executive Officer, Director)

Co-investorsPlus VCShorooq PartnersDubai Future District Fund

Efreshliefreshli.cominNov 2024

eFreshli sells curated summer interior and home essentials with delivery in 3-5 days, and offers interior design services covering concept to completion.

ConsumerDirect to ConsumerE-commercePropTech

heba elgabaly

Co-investors500 Global

elmenuselmenus.comin𝕏Series A · Apr 2017 · $2M

elmenus is an Egypt-based food discovery and online ordering platform that helps people decide what to eat by combining social, visual, and personalized recommendations.

ConsumerFoodTechMarketplaces

Co-investorsFlucas VenturesKube VCSprint Vc83NorthImpact46

Enzagroupenzagroup.globalin𝕏

Enza Group is an organization with a global leadership structure spanning multiple regions, led by executives managing technology, operations, commercial, and financial functions across West Africa, Ghana, and Southern Africa.

Cloud ComputingEnterprise SoftwareFintechSaaSCape Town, ZA

Hany Fawzy(Group Chief Technology Officer)inRamy Farid(Group Chief Information Officer)inLourens Brink(Group Chief Financial Officer)inTarek Yahia(Chief Processing Operations Officer)Omar Fawzy(Group Chief Commercial Officer)inKayode Sorinwa(Regional President, West Africa)in

Co-investorsQuona Capital

Eventtuseventtus.cominSeed · May 2016 · $450K

Eventtus, headquartered in the United Arab Emirates, offers an event engagement platform used by organizers and attendees.

HR Tech

Ahmed ShreefMai MedhatinNihal Faresin

Co-investors500 GlobalRAED Ventures

Filkhedmafilkhedma.comin𝕏

FilKhedma is a home services platform that connects customers with vetted technicians and certified cleaners for household maintenance and cleaning, managed through its app.

ConsumerMarketplaces

Goodsmartgoodsmartegypt.cominSeries A · May 2017 · $750K

Goodsmart is an Egyptian online grocery service that aggregates products from local shops and suppliers.

E-commerceFoodTech

Ahmed FawziinAhmed SudaninAmr FawziinRami Nassarin

Co-investors500 GlobalSavour VenturesSawari Ventures

Holidaymeholidayme.comin𝕏

Holidayme is a travel technology platform founded in 2014 that provides software solutions to travel businesses and simplifies travel planning for consumers.

B2B MarketplacesEnterprise SoftwareSaaSTravel & Hospitality

Co-investorsBY Venture PartnersIntres Capital Partners

Iamlyveiamlyve.comin

Lyve provides a customizable, white-label app and cloud-hosted platform for managing residential communities, integrating various systems into a single user interface for residents.

Cloud ComputingPropTechSaaS

Khanzakhazna.app

Riyadh, SA

Omar Salah(Founder)

Co-investorsAccionKhwarizmi VenturesQuona CapitalShorooq Partners

Lareinagownslareinagowns.comin𝕏
Little Thinking Mindslittlethinkingminds.comin𝕏Series A · Dec 2018 · $1M

Little Thinking Minds is an educational platform serving schools and learners across the MENA region that focuses on Arabic literacy instruction for students aged 4-18 through interactive content, assessments, and teacher support programs.

AI & Machine LearningEdTechAmman, JO

Co-investorsMindshift Capital

Mnt Halanmnt-halan.comin𝕏

Mnt-Halan is a fintech company offering multiple lending products including microfinance, SME loans, nano loans, buy-now-pay-later services, and vehicle finance in Egypt.

FintechCairo, EG

Co-investorsDevelopment Partners International

Mozare3mozare3.netin𝕏Pre-Seed · May 2021 · $1M

Mozare3 is a digital platform that connects farmers with buyers and agricultural services through contract farming.

AgTechB2B MarketplacesFintechImpact & Social GoodEgypt, EG

Hussein Abu Bakr(Founder & Managing Director)حسين أبو بكر(المؤسس والعضو المنتدب)

Mtormtor.coPre-Seed · Dec 2023 · $3M
Octane Techoctane-tech.ioin

Octane is a digital wallet for vehicles that manages and controls fuel and fleet-related payments, offering fraud controls, fleet analytics, and single e-invoicing across a network of 2,400 stations.

FintechLogistics & Supply ChainMobility & TransportationCairo, EG

Amr Gamal(CEO)inZiad El Adawy(CCO)Hatem Farag(COO)in

Co-investorsShorooq Partners

Olivoliv.finance

Oliv offers a digital working capital financing product that uses a credit engine to analyze a business's performance and assign available credit within minutes.

Fintech

Steve Heim(Founder)in

Co-investorsAlter GlobalEnza Capital

Orcasorcas.ioinJan 2022 · $2.1M

Orcas provides 1-on-1 private tutoring for school students from kindergarten through grade 12 (and university), offered online or at home across all subjects.

EdTechMarketplaces

Co-investorsAcasia VenturesCairo Angels Syndicate FundAccess Bridge VenturesLaunch Africa Ventures

Posrocketposrocket.comSeed · Jul 2018 · $2M
Sakneensakneen.comin𝕏

Sakneen provides a sales and inventory management platform for real estate professionals, enabling online transactions, CRM synchronization, and property distribution across sales teams.

Enterprise SoftwarePropTechSaaSCairo, EG

Ramy Khorshed(Founder)inHussein Elkheshen(Founder)in

Co-investorsFoundation VenturesY Combinator

Shift EVshift-ev.cominSeries A · Apr 2022 · $9M

Shift EV converts commercial vehicle fleets to electric by retrofitting existing vehicles with battery packs and electric powertrains.

Advanced ManufacturingCleantechClimate TechLogistics & Supply ChainMobility & TransportationBoston, US

Aly Eltayeb(Executive Officer, Director)in

Co-investorsUnion Square Ventures (USV)Wamda CapitalUSV 2024

Sylndrsylndr.comin

Sylndr is an online platform for buying and selling used cars, offering vehicles that it owns and reconditions with a 200-point inspection, 90-day warranty, and 7-day return policy.

E-commerceMarketplacesMobility & TransportationCairo, EG

Amr Mazen(Founder)

Co-investorsLoftyInc CapitalNuwa CapitalRAED VenturesDevelopment Partners International

Theluckythelucky.app

Lucky offers prepaid and credit cards paired with a mobile app that provides interest-free spending periods, discounts, and vouchers, aimed at expanding credit access to a broader consumer base.

ConsumerFintech

Co-investorsTofino Capital

Trellatrella.appinPre-Seed · Feb 2019 · $600K

Trella operates a digital freight marketplace connecting shippers with vetted carriers for trucking and logistics across Egypt, Saudi Arabia, and the UAE.

B2B MarketplacesEnterprise SoftwareLogistics & Supply ChainMarketplacesCairo, EG

Omar Hagrass(Founder)inAli El Atrash(Founder)inPierre Saad(Founder)in

Co-investors4DX VenturesFlucas VenturesFoundation VenturesLoftyInc CapitalMaersk GrowthNext Billion Capital Partners+5 more

Yodawyyodawy.cominSeries A · Nov 2019 · $1M

Yodawy is a healthcare platform that manages medication access, letting patients upload prescriptions or order OTC products for delivery from nearby pharmacies while also acting as a Pharmacy Benefits Manager for health insurers, TPAs, and corporates.

Digital HealthFintechHealthtech

Yasser AbdelGawad(Founder)in

Co-investorsAMK Investment OfficeCapria VenturesP1 VenturesDelivery Hero Ventures

YoLa Freshyolafresh.cominSeed · May 2024 · $7M

YoLa Fresh operates a technology-driven fresh produce supply chain connecting farmers with retailers and end consumers in Africa.

AgTechB2B MarketplacesLogistics & Supply ChainCasablanca, MA

Larbi Alaoui Belrhiti(Founder)in

Co-investorsE3 CapitalJANNGO Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AutoTagerElkElkremLa ReinaTap Mango

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Algebra Ventures made?
Algebra Ventures has 37 tracked investments, including 1 dated in the last 24 months.
What stage does Algebra Ventures invest at?
Algebra Ventures invests at the Seed, Series A, Series B stages.
What is Algebra Ventures's typical check size?
Algebra Ventures typically writes checks of $500K – $4M.
What sectors does Algebra Ventures focus on?
Algebra Ventures focuses on EdTech, Enterprise Software, Fintech, Retail Tech, SaaS.
Where is Algebra Ventures located?
Algebra Ventures is headquartered in Cairo, EG.
Does Algebra Ventures lead rounds?
Algebra Ventures typically participates in rounds rather than leading them.
Who does Algebra Ventures co-invest with?
Algebra Ventures most often shares deals with Designer Fund, Eudemian Ventures, Fifth Wall, among 19 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Investor Connect - 393 - Tarek Assaad of Algebra Ventures

Hall Martin · Tarek Assaad

#109 MENA Special Series - Laila Hassan, Algebra Ventures

The European VC · Laila Hassan

Laila Hassan: Algebra's First Female General Partner | Algebra Ventures announced the appointment of two new general partners for their second fund worth $90 million. Laila Hassan the first female General... | By WAYA Media

Laila Hassan · facebook.com

Co-investors · 9

Quona Capital

Quona Capital is a venture capital firm that invests in fintech companies expanding financial access in emerging markets across Latin America, India, Southeast Asia, and EMEA.

Both backed · 2
EnzagroupKhanza
$5M
Development Partners International

Development Partners International (DPI) is a pan-African private equity firm that deploys global capital and expertise to support high-growth and impactful companies across Africa.

Both backed · 2
Mnt HalanSylndr
Union Square Ventures (USV)

Union Square Ventures is a venture capital firm based in New York City that invests at the edge of large markets undergoing transformation from technological and societal pressures.

Both backed · 1
$1M – $8M
OMERS Ventures

OMERS Ventures is a venture capital firm that invests in founders globally, with investment teams based in New York, Palo Alto, and Toronto.

Both backed · 1
$5M – $25M
Plus VC

Plus VC (+VC) is a MENA-focused early-stage investor with Silicon Valley origins that has backed over 250 startups across 15 MENA countries, providing capital plus training, mentorship, and community support.

Both backed · 1
Dxwand
$100K – $500K
Antler

Antler is a global early-stage venture capital firm that backs founders from the first check through to IPO, operating across roughly 30 locations worldwide.

$3M – $10M
DFF Ventures

DFF Ventures is an early-stage investment fund with a hands-on, no-nonsense approach to company building, backing founders known for grit and execution. Its team draws on experience building companies such as WeTransfer, Just Eat, Hiber, Treatwell, and fonQ.

$275K – $2.8M

Firms observed investing alongside Algebra Ventures, from public investor directories. Shared companies are the overlap with Algebra Ventures's recorded portfolio.

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