Pioneering Venture Capital in Egypt

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).

read more

Investing in Technology-Enabled Innovation

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.

read more

Supporting future market leaders

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.

read more

Areas of investment

focus icon

Core Technology

Products that leverage exceptional technical talent to develop globally competitive technology serving international markets.

focus icon


Innovative and clearly differentiated products and services that tap into the still young, high-potential e-commerce market in Egypt and the MENA region.

focus icon


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.

focus icon

Industry Marketplaces

Online platforms that match supply and demand for services or products whether for b2b, b2c, or c2c (sharing) markets.

focus icon

Business Software and Platforms

Software and information networks that help enterprises and SMEs better manage their operations and/or collaborate with each other.

focus icon

Consumer Internet

Mobile and Internet consumer applications, information and entertainment platforms, and communication tools.


Tarek Assaad

Managing Partner

Tarek started his career as an engineer at Lucent Technologies then as a software developer for SAQQARA Systems, an internet startup in Silicon Valley. He later became General Manager of CID Consulting where he led the company’s high growth, helping it to become one of the leading local consulting firms in Egypt. Apart from his role at Algebra Ventures, Tarek is Managing Partner at Ideavelopers where he has been managing $50m of VC investments since 2009, including some of Egypt’s most prominent technology startups. Tarek is a director of Smart Card Applications, Siwareand IdealRatings. In this role, he was also responsible for the investment in Fawry, the leading bill payment and presentment company in Egypt, which realized a $100m exit in 2015. Tarek holds a B.Sc. in Electronics and Communication Engineering from Ain Shams University in Cairo and an MBA from Stanford Graduate School of Business.

Karim Hussein

Managing Partner

Karim is a technology veteran with deep experience in product and innovation management and rapid business growth and scaling – particularly in the healthcare and financial services markets. Karim has been an active investor and mentor to a number of technology businesses in Egypt and the US. He is founder and Chairman of D-Kimia Diagnostic Solutions developing fast, affordable, and accurate medical diagnostics using nano-technology and focused on controlling the Hepatitis C epidemic in Egypt and globally. Karim has served on the board of D-Kimia, Integreight,,, and Simplex Arabia CNC Solutions. He is also Chairman of the entrepreneurship committee of the Egyptian National Competitiveness Council, a mentor to high impact entrepreneurs through the Endeavor network, and a fellow of the Aspen Global Leadership Network. Previously, Karim was SVP, Products and Engineering at WebMD, Inc., directing product management, technology strategy and engineering. Prior to WebMD, Karim was co-founder and CTO of Riskclick, Inc., a software firm specializing in commercial insurance applications. He also was a senior associate at Booz Allen & Hamilton where he was a member of the Global e-Commerce team. Karim received his PhD in Information Systems from MIT and a dual BSc in Electrical and Computer Engineering from Carnegie Mellon University. He has over 40 publications and a patent for his work on distributed computing.

Ziad Mokhtar

Managing Partner

Ziad has been an active Venture Capital investor since 2010. He is a Founder and Managing Partner of Algebra Ventures. He is also a Partner at Ideavelopers. He has invested in 13 different technology startups including Fawry, Vezeeta, SiWare, Elmenus, and Iqraaly.   Before being a venture investor, he served as a Consultant at McKinsey & Company where he worked on topics related to economic development, healthcare reform, and education. Prior to McKinsey, he co-founded eSpace in 2000 and served as its Chief Executive Officer until 2006. While at eSpace, he led the development of the number one mobile salesforce solution in the region, and spearheaded eSpace’s international services business. Ziad is a member of the boards directors of Elmenus, Iqraaly, SiWare, and Vezeeta. Ziad holds an M.B.A. from Stanford Graduate School of Business and a Bachelor’s degree in Computer Science and Engineering from Alexandria University.

Omar Shazly

Investment Analyst

Omar joined Algebra Ventures in February 2017 as an Investment Analyst. He assists in investment analysis, selection, and execution. Prior to joining the firm, Omar held positions at Gemini Holding, the Naguib Sawiris family office, where he assisted in analyzing potential investments and developing bankable business plans for existing assets. In parallel, he completed his credit analysis certification. Omar holds a B.Sc. in Business Information Systems from Darmstadt University of Technology, Germany. During his studies, he completed internships in venture development at Rocket Internet in Berlin and in digital transformation at MS&C Management Consultants in Munich.

Farah Osman

Investment Associate

Farah joined Algebra Ventures in August 2016 as an Associate, where she assists in the research and selection of potential investments. Prior to joining the firm, Farah held several positions in HC Securities and Investment Asset Management Department, where she was responsible for conducting thorough top down and bottom up analysis on Egyptian Equity market. She also recommended investment ideas to fund managers that result in stronger security selection and portfolio construction Previously, Farah was a sell-side Analyst at CI-Capital, with a particular focus on Real Estate. She undertook detailed real estate market analysis in order to generate well-communicated research reports. Farah is a CFA Charterholder and holds a BA in Business Administration and a minor in Economics from the American University in Cairo (AUC).

Our team has managed over 30 VC investments

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).




  • Investment Analyst / Senior Analyst

    As an Analyst / Senior Analyst at Algebra, you’ll be responsible for supporting and leading critical elements of the investment process and portfolio company management.

  • Financial Analyst

    Algebra Ventures is looking to hire a smart & passionate Financial Analyst who would thrive within a startup culture.

Email us at:



We are located at 12 Saleh Ayoub St. 5th floor, Zamalek, Cairo, Egypt.


Investment Analyst / Senior Analyst

Key Responsibilities:

  1. Assessment of new and follow on investment opportunities:
  • Network with startups to identify promising investment opportunities  
  • Identify and evaluate potential new investments in a wide variety of sectors
  • Track and manage pipeline of new potential investments
  • Develop detailed financial models and projections
  • Perform market research and competitive analysis
  • Draft investment cases and business plans
  1. Due diligence and investment documentation for both new and follow‐on investments:
  • Oversee due diligence on potential investment opportunities  
  • Manage process of deal documentation, legal review, financial administration  
  • Collaborate with legal counsel, accountants, auditors and other service providers to manage investment to closing
  1. Analysis to support existing portfolio company growth and exit:  
  • Work alongside the partners as well as the senior management teams of Algebra’s portfolio companies on specific strategic initiatives
  • Focus on analytical assessments including pricing analysis, competitive positioning, and KPIs tracking
  • Support portfolio company follow-on fundraising or strategic partnership development by assisting in developing investor pitches
  1. Financial Reporting:  
  • Support in the financial assessment of portfolio companies through analysis of key financial and business metrics
  • Support in production of Algebra fund reports

What are we looking for?

  1. Analytical, creative problem solver with strong quantitative background and organizational skills
  2. Strong ability to identify trends, exercise judgement and synthesize complex and often incomplete data inputs
  3. 3‐5 years of relevant experience in investment banking, strategic corporate development (M&A), venture capital, private equity, management consulting or technology startups
  4. Collaborative thinker who works well in teams and is also an independent, self‐starter  
  5. Strong commitment to change through technology and innovation
  6. Experience in entrepreneurial environment is a plus
  7. Bachelor’s degree with a strong record of academic and extra‐curricular achievement  
  8. Recent MBA graduates will also be considered

Ready to contribute passion and creative ideas to support innovative companies pursuing positive outcomes? If yes, please send your resume to

Email us at:

Financial Analyst

Key Responsibilities:

  • Follow-up with portfolio companies on financial reports submission

  • Review the quality of the financial reports and evaluate financial performance of the different companies in our portfolio

  • Analyze trends and identify deviations in portfolio financial reports and operational KPIs 

  • Review the actual performance of portfolio companies versus submitted budgets and financial models and track the variances

  • Develop and update dashboards to track key financial and operational metrics and monitor performance

  • Benchmark the financial and operational metrics of the different startups to provide insights into the portfolio performance

  • Track the investments timeline and calculate the returns 

  • Ensure and track proper documentation of investments 

  • Prepare presentation materials on portfolio performance

What we’re looking for

  • 2-3 years of relevant work experience

  • Solid understanding of finance and accounting principles 

  • Proficiency in Microsoft office

  • Significant analytical and problem-solving mindset with attention on details and ability to challenge assumptions 

  • Eagerness to learn and passion about finance and the ecosystem

  • High sense of ownership and ability to work independently and complete tasks with minimal supervision

  • Strong interpersonal skills

Email us at:


GoodsMart is a premium household shopping app that improves the hectic grocery shopping process and transforms it into an effortless experience.

La Reina

La Reina is an e-commerce platform for rental couture dresses and designer fashion items. The fashion solution turns each designer item into an investment opportunity.


Lyve is the community management platform and social private network for real estate developers to communicate and provide services to their residents.


POSRocket provides an intuitive, secure, cloud-based point-of-sale system and empowers merchants to run smarter businesses by optimizing staffing, regulating inventory, and accessing sales reports in one seamless, cloud-based platform.


Elmenus is Egypt’s #1 online food destination.  


Filkhedma is a marketplace for quality home maintenance and improvement services including plumbing, carpentry, electricity, air conditioning, painting, home appliances and satellite dish.  


Eventtus is an-all-in-one platform for events ticketing, event management and apps for events.



Halan is a ride-hailing and on-demand-logistics application offering mass smart transportation by offering on-demand 2 and 3 wheelers. Halan also caters to businesses offering smart-tech last mile delivery through our integrated smart services using motorcycle and tricycles.

Little Thinking Minds

Little Thinking Minds is a leading education technology company that creates advanced digital solutions and resources for school-aged children aimed at improving learning outcomes for children in the MENA region. LTM solutions are used in over 200 public and private schools as well remedial programs for refugee children within the MENA region and globally with over 80,000+ users.


Trella is a b2b technology platform and trucking marketplace that connects shippers with carriers in the highly fragmented freight industry. The company’s mission is to connect the parties in real-time more flexibly and efficiently with the goal of making the entire supply chain faster and more reliable while reducing slack and exceptions.


Brimore is a technology-powered retail distribution platform that allows manufacturers direct access to local communities who can both promote and consume their products. The platform creates significant efficiencies for local manufacturers by dramatically optimising their branding and distribution costs, providing them with better demand visibility, and allowing them to improve utilization. It allows their active distributors, typically local women, the opportunity to earn money from home.


Dsquares specializes in offering loyalty programs that bring customers closer to their consumers. Through their range of solutions, they deliver an end-to-end experience, managing and executing all technical, operational and commercial aspects of their customers’ loyalty programs. is a multi-lingual travel portal established in 2014, catering to the travel requirements of customers in the Middle East, offering holiday packages, umrah packages, hotels, and flights. Created with the aim to be an easy-to-use platform, Holidayme with its innovative approach has become the first-of-its-kind package planning & booking engine that allows customers to customize, plan and book their entire holiday or umrah packages, online.


Orcas is a mobile application that connects parents and students with trusted tutors and babysitters nearby. Once parents have signed up they can explore and book the best tutors based on their profiles, experience, ratings, and reviews. Orcas’ mission is to create a part-time job market for students and young professionals while offering experiential, individualised, and student-directed learning to improve educational outcomes.


Yodawy is an online pharmacy and insurtech startup that allows customers to order pharmaceuticals and cosmetics via a mobile app and have those delivered through a network of 500+ pharmacies across Egypt. Insurance and copayment benefits are automatically applied with four major insurance carriers onboarded thus far and more in the pipeline.


Khazna extends mobile financial services to 20+ million underbanked Egyptians.


Sakneen makes buying and selling homes easier through its property portal. The users looking to buy a home can use the website to browse through different options on the platform and filter them using property type, location, price range, finishing type, delivery date, and a few other details.


Mozare3 is a platform that connects smallholder farms with produce offtakers, while providing different facets of support to farms from financing and provision of farming inputs, to technical assistance and market access.