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.
Products that leverage exceptional technical talent to develop globally competitive technology serving international markets.
Innovative and clearly differentiated products and services that tap into the still young, high-potential e-commerce market in Egypt and the MENA region.
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.
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.
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 are located at 12 Saleh Ayoub St. 5th floor, Zamalek, Cairo, Egypt.
Main responsibilities include…
– Liaising with external providers of financial due diligence
– Help startups properly setup and maintain their finance/accounting function
– Procure regular financial reports and statements from startups
– Support, and mentor startups’ finance managers when necessary
– Develop and update fund budgets
– Manage external fund administrator and accounting
– Supervise communication with investors (financial reports, capital calls, .. etc)
– Supervise annual audits and update investment valuations annually
– Develop and update budgets
– Manage cash positions
– Supervise 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: email@example.com
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