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Venture Capital
algebraventures.com

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Investments

27

Portfolio Exits

2

Funds

2

About Algebra Ventures

Algebra Ventures partners with visionary entrepreneurs to build market-leading companies. The firm invests in technology and technology-enabled startups that are leveraging innovation to create lasting economic value. Algebra Ventures seeks high-growth companies, led by passionate and capable teams, that are disrupting large addressable markets with a unique value proposition.

Algebra Ventures Headquarter Location

6 Mohamed Mazhar St Zamalek

Cairo, 11211,

Egypt

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Expert Collections containing Algebra Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Algebra Ventures in 1 Expert Collection, including MENA investors.

M

MENA investors

270 items

This is a collection of investors based in the Middle East and North Africa (MENA) that are active in the private markets globally as well as regionally, and we focus particularly on investors that have a history of backing private technology companies.Including: venture capital

Latest Algebra Ventures News

Egypt social commerce startup Brimore receives investment from Fawry

Sep 22, 2021

Egypt social commerce startup Brimore receives investment from Fawry by 14 Views Share Fawry , trading in Egypt’s Exchange as FWRY.CA , the country’s largest e-payment platform serving the banked and unbanked has finalized an investment in social commerce platform Brimore . The minority investment into Brimore will enable SME manufacturers to overcome existing go-to-market challenges through its nationwide distribution capability. The investment comes as part of Brimore’s Series A in a funding round marking a strategic partnership with high-potential tech companies which generate profitable synergies furthering its objective of developing the country’s digital ecosystem. In 2020, Disruptech’s fintech fund invested $25 million in Brimore marking its first investment. This was part of a larger investment of $3.5 million by Algebra Ventures in a pre-series A round. A year prior, Brimore invested $800,000 in a seed funding round led by Endure Capital and Algebra. Mohamed Abdulaziz and Ahmed Sheikha founded Brimore in 2017. Both share extensive experience in the supply chain industry. The social commerce platform will then leverage its large network of associated freelance community distributors in selling and recommending products to their local communities using a variety of digital on-the-ground channels. The company’s services allow small manufacturers to avoid making costly in-house investments in production and distribution in turn reducing the reliance on inefficient traditional distribution networks while helping consumers with high-quality products at affordable rates. SME manufacturers using Brimore receive unprecedented market access to markets while enjoying a level playing field with more established industry players. Fawry’s management has identified several opportunities to foster synergy between Fawry and Brimore. Fawry is working to achieve the seamless integration of the company’s payments and financial services solutions onto its platform. Eng. Ashraf Sabry, Fawry CEO pointed out how the company’s access to financial and business services will enable the small and micro enterprises to play a bigger role in the country’s economy. He revealed that Brimore has a strong merchant network of over 230,000. Mohamed Abdulaziz, Fawry co-founder, and CEO described the investment in Brimore as a vote of confidence in the company.

Algebra Ventures Investments

27 Investments

Algebra Ventures has made 27 investments. Their latest investment was in POSRocket as part of their Series A on August 8, 2021.

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Algebra Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/3/2021

Series A

POSRocket

$5M

No

Bank al Etihad, Edgo, Finance In Motion, Khwarizmi Ventures, Seedstars, The Innovative Startups and SMEs Fund, Undisclosed Angel Investors, and Vision Ventures

5

7/12/2021

Series B

Yodawy

$7.5M

No

Athaal, CVentures, Global Ventures, Middle East Venture Partners, and P1 Ventures

1

6/21/2021

Series A

Trella

$30M

No

Flexport, Foundation Ventures, Maersk Growth, Next Billion Ventures, Raed Ventures, VentureSouq, and Vision Ventures

4

5/24/2021

Seed VC

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$99M

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10

2/8/2021

Seed VC

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$99M

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10

Date

8/3/2021

7/12/2021

6/21/2021

5/24/2021

2/8/2021

Round

Series A

Series B

Series A

Seed VC

Seed VC

Company

POSRocket

Yodawy

Trella

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Amount

$5M

$7.5M

$30M

$99M

$99M

New?

No

No

No

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Co-Investors

Bank al Etihad, Edgo, Finance In Motion, Khwarizmi Ventures, Seedstars, The Innovative Startups and SMEs Fund, Undisclosed Angel Investors, and Vision Ventures

Athaal, CVentures, Global Ventures, Middle East Venture Partners, and P1 Ventures

Flexport, Foundation Ventures, Maersk Growth, Next Billion Ventures, Raed Ventures, VentureSouq, and Vision Ventures

Sources

5

1

4

10

10

Algebra Ventures Portfolio Exits

2 Portfolio Exits

Algebra Ventures has 2 portfolio exits. Their latest portfolio exit was Eventtus on July 14, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/14/2021

Acquired

10

00/00/0000

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10

Date

7/14/2021

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

10

10

Algebra Ventures Fund History

2 Fund Histories

Algebra Ventures has 2 funds, including Algebra Capital.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/15/2016

Algebra Capital

Early-Stage Venture Capital

$40M

2

Algebra Capital II

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$99M

10

Closing Date

12/15/2016

Fund

Algebra Capital

Algebra Capital II

Fund Type

Early-Stage Venture Capital

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Status

Amount

$40M

$99M

Sources

2

10

Algebra Ventures Team

5 Team Members

Algebra Ventures has 5 team members, including current Managing Partner, Tarek Assad.

Name

Work History

Title

Status

Tarek Assad

Managing Partner

Current

Karim Hussein

Managing Partner

Current

Karim Husssein

Managing Partner

Current

Ziad Mokhtar

McKinsey & Company, eSpace, and Unilever

Managing Partner

Current

Khaled Ismail

Managing Partner

Former

Name

Tarek Assad

Karim Hussein

Karim Husssein

Ziad Mokhtar

Khaled Ismail

Work History

McKinsey & Company, eSpace, and Unilever

Title

Managing Partner

Managing Partner

Managing Partner

Managing Partner

Managing Partner

Status

Current

Current

Current

Current

Former

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