Algebra Ventures is the leading technology VC firm in Egypt. Our team has unique investment experience both locally and internationally, and has backed some of Egypt’s most successful technology startups. We have seen technology transform our societies and impact how we communicate, decide and transact. We foresee technology being even more impactful in the future as a new generation of entrepreneurs build the market-leading companies of tomorrow. With a $40M in initial funding, our VC fund is the largest in Egypt. We are supported by credible international investors including Egyptian American Enterprise Fund (EAEF), European Bank for Reconstruction and Development (EBRD), Cisco Investments and International Finance Corporation (IFC).
We invest in technology startups that leverage innovation to transform large markets. We seek high-growth companies, led by passionate and capable teams, that have a unique value proposition, and that can generate significant economic returns. We look for entrepreneurial teams that possess vision and insight as well as the execution skills needed to build scalable companies. We are focused primarily on Series A and Series B rounds in Egypt although we do not exclude investments in earlier-stage startups or in other parts of the MENA region. We prefer to meet startups early on and get to know the team (or lend a helping hand) as the opportunity is shaping up.
We seek to be trusted partners for our entrepreneurs. We provide capital, assist with strategy and operations, and help build star teams. We connect our startups with industry partners and regional / international investors to support growth and future exit. We typically lead early investment rounds and support our companies all the way to exit. We structure our deals around alignment of incentives with entrepreneurs and other investors. We are active on the boards of companies we invest in and we understand that course corrections are part of a startup’s DNA. We are proud to have worked with exceptional entrepreneurs and to have shared with them unique learning experiences that are particularly relevant to our local operating environment.
Core Technology
Products that leverage exceptional technical talent to develop globally competitive technology serving international markets.
E-commerce
Innovative and clearly differentiated products and services that tap into the still young, high-potential e-commerce market in Egypt and the MENA region.
Fin-Tech
Software and/or online services that disrupt the existing financial services market and address the untapped opportunity of providing new services to a population of largely unbanked customers.
Industry Marketplaces
Online platforms that match supply and demand for services or products whether for b2b, b2c, or c2c (sharing) markets.
Business Software and Platforms
Software and information networks that help enterprises and SMEs better manage their operations and/or collaborate with each other.
Consumer Internet
Mobile and Internet consumer applications, information and entertainment platforms, and communication tools.
Algebra Ventures is managed by three partners with strong investment and operational experience in Egypt and the U.S. Prior to Algebra, the partners have collectively invested in some of the most successful startups in Egypt today, managed over 30 venture capital and angel investments and realized some of the country’s most prominent technology exits, such as Fawry (exited at a $100m valuation).
We're looking to hire a smart and experienced Financial Manager who would thrive within a startup culture.
We're looking for a collaborative, organized, and FUN problem solver to join our team.
We're looking for an experienced, reliable and task-oriented Executive Assistant.
Email us at: people@algebraventures.com
We are located at 12 Saleh Ayoub St. 5th floor, Zamalek, Cairo, Egypt.
Main responsibilities include…
– Liaising with external providers of financial due diligence
– Helping startups properly setup and maintain their finance/accounting function
– Procuring regular financial reports and statements from startups
– Supporting and mentoring startups’ finance managers when necessary
– Develop and update fund budgets – Manage external fund administrator and accounting
– Supervising communication with investors (financial reports, capital calls, .. etc)
– Supervising annual audits and update investment valuations annually
– Developing and updating budgets
– Managing cash positions
– Supervising internal/external accounting for Egypt and Offshore based entity
The role needs…
– Sound understanding of accounting principles and practices
– Some exposure to financial analysis and planning
– Passion for technology startups and venture capital
– Keenness to learn
– Self-drive, resourcefulness, and reliability
– Analytical thinking and problem solving
– Ability to work with people across functions and organizations
– Good communication and English skills
Email us at: people@algebraventures.com
As Talent Coordinator, you’ll play a critical role in building portfolio companies’ star teams. You will be a key part of the team responsible for identifying top talent, telling our companies’ stories and ultimately turning great candidates into excellent employees.
Main responsibilities include…
– Scheduling interviews with candidates and the interview team
– Managing an effective coordination and communication process for candidates, CEOs and managing partners
– Keeping a close eye on our Applicant Tracking System (ATS) and be sure our SLAs are met
– Assisting with recruiting process, including sourcing, screening and interviewing candidates
– Preparing reports on new hire metrics (e.g. time-to-fill and source of hire)
– Helping plan, organize, and attend events for internal and external audiences
The role needs…
– Bachelors degree or equivalent work experience
– Strong organization, written and verbal communication skills
– A creative problem solver
– Ability to work independently, focus on details, prioritize and complete tasks with minimal instructions
– Mastery of Microsoft Office (Excel, PowerPoint, Word, etc.)
Bonus points:
– Past experience as an HR / Talent Coordinator, Recruiting Assistant or Admin
– Familiarity with Applicant Tracking Systems and resume databases
Email us at: people@algebraventures.com
You will work directly with the partners and will be responsible for performing a number of administrative duties.
Main responsibilities include…
– Acting as a first point of contact: managing inbox and phone calls
– Managing partners’ diaries and schedule meetings and appointments
– Ensuring pre and post housekeeping followup around meetings (getting material, agenda, and circulating minutes)
– Reminding the partners of important tasks and deadlines
– Following up on paperwork and documentation and other administrative tasks
– Arranging work and personal related logistics (travel and non- travel)
– Managing partners well being (food, healthcare, and fitness)
– Handling expenses reimbursements
– Entering and maintain data in database systems
– Managing and tracking contacts in database
– Working as a member of the team, willingly providing back‐up support for co‐workers when appropriate
The role needs…
– Bachelor’s degree
– Proven experience as an executive assistant or other relevant administrative support experience
– In-depth understanding of entire MS Office suite
– Organisational skills and the ability to multitask
– Excellent interpersonal skills
– Ability to work without constant and direct supervision or guidance
– Professional level verbal and written communications skills
Email us at: people@algebraventures.com
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