Algebra Ventures
Algebra Ventures is an Egypt-based, Africa-focused venture capital firm managing $154M across two funds (Fund I $54M, Fund II $100M), backing 35+ early-to-growth-stage technology companies in fintech, healthtech, mobility, and agritech across Egypt, Morocco, and Nigeria.
- Company typePrivate
- Founded2016
- HeadquartersCairo, Egypt
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Algebra Ventures does
Algebra Ventures is an Egypt-based, Africa-focused venture capital firm founded in 2016 that manages $154 million in assets across two closed-end funds: Fund I ($54M, 2016) and Fund II ($100M, 2022). The firm invests from seed through Series B in technology companies operating primarily in fintech, healthtech, mobility, agritech, e-commerce, edtech, and SaaS, with a current portfolio of more than 35 companies and over $825 million of capital deployed across the portfolio (including follow-on and third-party rounds). Its investor base comprises a concentrated set of institutional limited partners, including the IFC, EBRD, EAEF, FMO, BII, MSMEDA, and DGGF, supplemented by regional family offices and a secondary LP investment from Avanz Capital Egypt in 2025.
The firm operates a three-part product set: Fund I (largely in harvest), Fund II (actively investing across Egypt and select African markets), and a Growth Platform that provides portfolio companies with strategic, operational, talent, and PR support beyond capital. Notable portfolio assets include MNT-Halan (Egypt's first unicorn, valued at $1.4 billion), Trella (regional trucking marketplace in Egypt, KSA, and UAE), Dsquares (loyalty and rewards, 50+ enterprise clients across 7 EMEA countries), DeepEcho (AI fetal ultrasound with FDA 510(k) clearance), Blnk (AI-powered consumer credit), Khazna (underbanked financial services), and Octane (fleet and on-road expense management for 1,600+ corporate clients). The firm is led by four Managing Partners (Tarek Assaad, Karim Hussein, Laila Hassan, Omar Khashaba) and Founding Partner Ziad Mokhtar, supported by a CFO, platform, and investment team based in Zamalek, Cairo.
Algebra's revenue model is standard venture fund economics: management fees (typically around 2% of committed capital during the investment period) and carried interest (typically 20%) on successful exits. Geographic reach spans Egypt as the core market with growing positions in Morocco (via DeepEcho and YoLa Fresh) and Nigeria (via BFREE), executed in partnership with Al Mada Ventures, AfricInvest, and Ventures Platform. Distribution is relationship-driven, combining direct founder pitches, DFI and family-office LP sourcing, and a co-investment network spanning Shorooq Partners, Disruptech, Lorax, 500 Global, and Endeavor Catalyst.
Algebra Ventures firmographics
Firmographics- Name
- Algebra Ventures
- Legal name
- Algebra Ventures
- Website
- https://algebraventures.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Algebra Ventures is an Egypt-based, Africa-focused venture capital firm managing $154M across two funds (Fund I $54M, Fund II $100M), backing 35+ early-to-growth-stage technology companies in fintech, healthtech, mobility, and agritech across Egypt, Morocco, and Nigeria.
- Ownership category
- akta.pro rank
Algebra Ventures industry classification
Industry- Product category
- Venture Capital Fund Management
- NAICS
- Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
- akta.pro secondary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
Keywords
Where Algebra Ventures is headquartered
LocationHeadquarters
- HQ city
- Cairo
- HQ country
- Egypt
- HQ region
- Africa
Offices2 records
Markets served
Algebra Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Venture Capital Fund Management (Fund I - $54M): First venture fund launched in 2016 with $54M AUM, invested across 21 Egyptian tech companies. Generates revenue through management fees (typically 2% of committed capital annually during investment period) and carried interest (typically 20%) on fund returns upon successful exits.
- Venture Capital Fund Management (Fund II - $100M): Second fund launched in 2022 with $100M AUM, actively investing in Egypt and broader African markets. Backed by institutional LPs including IFC, EBRD, EAEF, FMO, BII, MSMEDA, DGGF, Avanz Capital Egypt (via Avanz Manara secondary transaction), and regional family offices. Generates management fees and potential carried interest.
Go-to-market motion1 record
Distribution channels4 records
Algebra Ventures product offering
Product offeringCore offering
Algebra Ventures is an Egypt-based, Africa-focused venture capital firm that manages two institutional funds — Fund I ($54M, launched 2016) and Fund II ($100M, launched 2022) — investing in early-stage technology companies from seed to Series B across fintech, healthtech, mobility, agritech, SaaS, and AI. The firm complements capital deployment with a growth platform offering strategic, operational, talent, and PR support to portfolio founders, and pursues cross-border expansion across Egypt, Morocco, and Nigeria via dedicated ecosystem partnerships.
Product overview
Algebra Ventures is an Egypt-based, Africa-focused venture capital firm structured as a two-fund platform (Fund I, a $54M vehicle launched in 2016, and Fund II, a $100M vehicle launched in 2022) augmented by an investor growth platform that supports portfolio companies. Together these offerings provide founders with multi-stage capital (seed to Series B), strategic and operational guidance, co-investor network access, and talent development across 35+ portfolio companies. The platform backs category-defining tech companies in sectors including fintech (e.g., MNT-Halan, Khazna, Dsquares, Connect Money), healthtech (e.g., DeepEcho), mobility (e.g., Trella, Shift EV, Octane, Sylndr), agritech (e.g., YoLa Fresh, Mozare3), e-commerce (e.g., elmenus, Cartona), edtech (e.g., Orcas, Little Thinking Minds), and consumer services, with offices and team located in Cairo, Egypt at 4 Omarat Al-Yamani Street, Zamalek.
Differentiator
Problem solved
Functional benefit
Products and services
- Algebra Ventures Fund I
- Algebra Ventures Fund II
- Algebra Ventures Growth Platform
Quantifiable outcome
- Over $825M invested in portfolio companies
- +3 more outcomes
Companies that use Algebra Ventures
Customer profileNamed customers23 records
Ideal customer profiles2 records
Algebra Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Algebra Ventures partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered strategic cross-border partner, strategic ecosystem partner, lead sponsor of ecosystem initiatives, strategic event partner, event sponsor and service partner.
- Al Mada Venturesstrategic cross-border partnerAl Mada Ventures is a key strategic partner for Algebra Ventures' Egypt-Morocco corridor initiative. They co-hosted the Atlas-Nile Forum at GITEX Africa in Marrakech. They have also co-invested together in Morocco (DeepEcho was Algebra's first Moroccan investment, co-led with Al Mada Ventures). Al Mada has backed Egyptian founders while Algebra has backed Moroccan founders, creating a complementary cross-border collaboration.
- Ventures Platform Fundstrategic cross-border partnerVentures Platform Fund co-hosted the Africa Unlocked: Egypt-Nigeria Startup & Investment Forum with Algebra Ventures, with editions in both Lagos (2025) and Cairo. They have deepened their engagement and presence across both markets, with Algebra making an investment in Nigeria and Ventures Platform deepening its presence in Egypt. Supported by Afreximbank.
- Endeavor Egyptstrategic ecosystem partnerEndeavor Egypt co-hosts Algebra Ventures' signature 'Brunch & Business' mixer series, which is in its fourth edition. Endeavor is also represented on Algebra's portfolio ecosystem (e.g., Karim Hussein is a mentor through the Endeavor network). The partnership reaffirms a shared commitment to convening and strengthening the entrepreneurial ecosystem.
- African Export-Import Bank (Afreximbank)lead sponsor of ecosystem initiativesAfreximbank was the lead sponsor of the Africa Unlocked: Egypt-Nigeria Startup & Investment Forum in both Lagos and Cairo editions, supporting intra-African trade and investment. Emeka Onyia from Afreximbank served as a keynote speaker at the Cairo edition.
- BREEGAstrategic event partnerBREEGA was a strategic partner at Algebra's Cuisine & Connections flagship networking event at GITEX Africa 2025, co-hosted with FMO. Algebra anticipates further collaborations across the African continent with BREEGA.
- Attijariwafa bankevent sponsorAttijariwafa bank supported the Atlas-Nile Forum in Marrakech, Algebra's Morocco-Egypt ecosystem convening event. As a major Moroccan financial institution, Attijariwafa brings regional banking network support to Algebra's Moroccan market expansion.
- Van Campen Liemservice partnerVan Campen Liem supported the Atlas-Nile Forum in Marrakech. As a leading legal advisor in the VC and fund management space, Van Campen Liem provides legal services supporting Algebra's fund operations and cross-border deal execution.
- Endeavor Moroccostrategic event partnerEndeavor Morocco was a strategic partner at Algebra's Cuisine & Connections event at GITEX Africa 2025, supporting Algebra's engagement with the Moroccan entrepreneurship ecosystem.
Scale indicators7 records
Recent moves10 records
Expansion highlights6 records
Algebra Ventures competitors and assessment
Company assessmentDirect peers
- Shorooq Partners: UAE-based early- and growth-stage VC investing across the MENA region at seed-to-Series B, with comparable ticket sizes and a deep Egypt/North Africa footprint. Algebra and Shorooq have co-led rounds together (e.g., Octane) and share similar institutional LP relationships, making them direct comparables in regional VC.
- Disruptech Ventures: Egypt-focused fintech-dedicated early-stage VC. Disruptech co-led Connect Money's $8M seed alongside Algebra and Lorax, and is one of Algebra's closest co-investment partners in the Egyptian fintech ecosystem.
- Lorax Capital Partners: Egyptian VC with a multi-sector tech focus. Lorax co-led Connect Money's seed with Algebra and Disruptech, and took a significant minority stake in Dsquares (an Algebra portfolio company) in 2020, making it a tightly overlapping peer in Egyptian deal flow.
- Al Mada Ventures: Morocco-focused early-stage VC and Algebra's primary Morocco corridor partner. The two firms co-led DeepEcho and YoLa Fresh and co-host the Atlas-Nile Forum at GITEX Africa, making Al Mada a directly comparable regional peer with shared cross-border thesis.
- Ventures Platform Fund: Nigeria-focused early-stage VC and Algebra's primary Nigeria corridor partner. Ventures Platform co-hosts the Africa Unlocked Egypt-Nigeria forums and supports Algebra's Nigerian deal flow, operating as a directly comparable regional peer on the West Africa side of Algebra's thesis.
- Sawari Ventures: Egypt-based VC investing in North African tech startups from seed to growth, with comparable ticket sizes, institutional LP backing and a focus on Egyptian entrepreneurs — making it a directly comparable Egyptian VC peer.
Broad incumbents
- Partech: Global VC with a dedicated Africa fund (Partech Africa) and broad emerging-markets exposure. Partech competes for the same institutional LPs (IFC, EBRD, BII) and the same high-quality African tech founders, making it a comparable — though much larger — incumbent in Algebra's market.
- AfricInvest Group: Pan-African private equity and venture platform with multi-stage funds across North and Sub-Saharan Africa. AfricInvest co-invested with Algebra in BFREE (Algebra's first Nigerian investment) and competes for similar institutional LP capital.
- 500 Global (formerly 500 Startups): Global early-stage VC with a dedicated MENA fund (500 Falcons), led by Algebra Managing Partner Laila Hassan as Venture Partner. 500 Global co-invested in Algebra's Efreshli round and operates a similar seed-to-Series A model across emerging markets.
Others
- SANAD Fund for MSME: DFI-backed impact fund (managed by Finance in Motion) that provides debt and equity to financial institutions and fintechs across the MENA region. SANAD co-invested alongside Algebra in Blnk's $12.5M Series A, serving as a comparable institutional capital provider in Algebra's core fintech ecosystem.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
Algebra Ventures social profiles
Digital presenceAlgebra Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Algebra Ventures leadership team
Management profileNumber of profiles
Profiles11 records
Algebra Ventures subsidiaries and ownership
Company hierarchySubsidiaries2 records
Algebra Ventures funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Algebra Ventures M&A and investment
M&A and investmentM&A
Investments61 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Algebra Ventures
What does Algebra Ventures do?
Algebra Ventures is an Egypt-based, Africa-focused venture capital firm that manages two institutional funds — Fund I ($54M, launched 2016) and Fund II ($100M, launched 2022) — investing in early-stage technology companies from seed to Series B across fintech, healthtech, mobility, agritech, SaaS, and AI. The firm complements capital deployment with a growth platform offering strategic, operational, talent, and PR support to portfolio founders, and pursues cross-border expansion across Egypt, Morocco, and Nigeria via dedicated ecosystem partnerships.
Is Algebra Ventures a public or private company?
Algebra Ventures is a private company. It is classified as management employee owned and is currently operating.
When was Algebra Ventures founded?
Algebra Ventures was founded in 2016. It employs 1 to 10 people.
Where is Algebra Ventures based?
Algebra Ventures is headquartered in Cairo, Egypt, in the Africa region.
How does Algebra Ventures make money?
Two revenue lines are on record. Venture Capital Fund Management (Fund I - $54M) is the primary driver. The others are venture Capital Fund Management (Fund II - $100M).
Who are Algebra Ventures's main competitors?
Direct peers on record are Shorooq Partners, Disruptech Ventures, Lorax Capital Partners, Al Mada Ventures, Ventures Platform Fund and Sawari Ventures. Broad incumbents are Partech, AfricInvest Group and 500 Global (formerly 500 Startups). SANAD Fund for MSME is listed as an others.
Does Algebra Ventures have an API?
No public API is recorded for Algebra Ventures.
What industry is Algebra Ventures in?
Algebra Ventures's product category is Venture Capital Fund Management. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANAAAB, Early-Stage Venture Capital (Series A/B). Its NAICS code is 52394 and its SIC code is 6282.