Algerian Startup Fund

Name

Algerian Startup Fund

Legal name

Algerian Startup Fund

Website

https://asf.dz

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Impact Investment & Development Investment Funds (BPADACAO)

akta.pro secondary industries

National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC), Development Finance, Guarantees & Blended Finance Programs (BPADABAM)

Keywords

• Venture capital funding
• Startup investment
• Pre-seed financing
• Equity investment
• Innovation funding

Headquarters

HQ city

Algiers

HQ country

Algeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Equity and Quasi-Equity Investment Returns: ASF invests capital in labeled startups in exchange for equity or quasi-equity stakes. Returns are generated through capital gains upon exit (via IPO, trade sale, or secondary), dividend income from portfolio companies, and follow-on investment rounds.
2. Co-investment and Syndication Fees: ASF co-invests alongside private investors, VCs, and public banks. The fund earns returns through portfolio value appreciation and co-financing arrangements with six public banks and the Fonds National d'Investissement (FNI) under the Fonds de Wilaya mechanism.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels10 records

Core offering

Algerian Startup Fund (ASF) is a public investment vehicle that provides equity and quasi-equity financing to innovative labeled startups across Algeria, with investment tickets up to DZD 150 million per project. The fund operates a regional investment mechanism (Fonds de Wilaya) covering all 58 Algerian wilayas in partnership with six public banks and the National Investment Fund, complemented by post-investment support including mentorship, partner network access, and scaling assistance.

Product overview

Algerian Startup Fund (ASF) is a unified public investment vehicle, not a software product company. It operates as a presidential initiative launched at Algeria Disrupt 2020, established in partnership with six public banks. The fund provides a portfolio of services including direct startup funding (equity/quasi-equity instruments with tickets up to DZD 150 million), the official Startup Label certification program required for funding eligibility, and regional investment mechanisms (Fonds de Wilaya) developed with the National Investment Fund. ASF also partners with A-Venture, the national public accelerator, to provide labeled startups with structured acceleration, mentorship, go-to-market support, and investor readiness programs across all 58 wilayas.

Differentiator

Problem solved

Functional benefit

Products and services

• ASF Funding Programs Public investment vehicle providing equity and quasi-equity financing to labeled startups across Algeria's 58 wilayas, with investment tickets up to DZD 150 million per project depending on needs and maturity.
• Startup Label Program Official certification program that validates startup innovation and is required to partner with ASF, providing credibility, access to ASF programs, visibility, and acceleration support.
• Fonds de Wilaya (Regional Investment Mechanism) Regional investment mechanism with dedicated envelopes developed in partnership with the National Investment Fund (FNI), targeting startups across all of Algeria's provinces.
• A-Venture Acceleration Partnership National public accelerator partnership providing structured acceleration with expert coaches and mentors, go-to-market support, corporate and POC access, investor readiness programs, and nation-wide footprint across the 58 wilayas.

Quantifiable outcome

• 963 startups received by ASF across all programs; 445 funding applications processed; 41 wilayas covered; 20+ business sectors; 1.3 Billion DZD in corporate and public partner introductions facilitated.
• +1 more outcomes

Named customers7 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core, significant and flagship.

• Islamic Development Bank (IsDB)coreStrategic or Co-development Partner · 1 January 2025ASF was selected by the Islamic Development Bank as a knowledge and expertise partner for the IsDB Group's 2025 Annual Meetings held in Algiers. ASF contributes its on-the-ground experience in financing and scaling early-stage ventures, sharing best practices, co-creating solutions, and unlocking opportunities for entrepreneurs across IsDB member countries.
• Algeria Venture (A-Venture)coreStrategic or Co-development PartnerAlgeria Venture is the national public accelerator that provides structured support to labeled startups backed by ASF. Programs include mentorship, go-to-market positioning, corporate and POC access introductions, investor readiness coaching, peer community events, and a nation-wide footprint across all 58 wilayas.
• Flat6LabssignificantGTM or Marketing PartnerFlat6Labs (Egypt) visited ASF's Algiers offices to conduct pitch sessions with three ASF portfolio startups: Galleon Shipping, HicoSoft Studio, and VOLZ. Discussions covered investment readiness, financing mechanisms, and targeted support to help high-potential teams scale. The partnership strengthens ASF's regional MENA ecosystem connectivity.
• CERIST (Centre de Recherche sur la Recherche Scientifique)flagshipStrategic or Co-development PartnerASF co-leads the $600 million National Venture Studio Programme with CERIST (Algeria's national research centre) and venture studio DeepMinds. CERIST launched the Deeptech Innovation Hub under this programme, converting advanced research into scalable AI and cybersecurity ventures. ASF brings investment capital and ecosystem connectivity to research-backed startups.
• DeepMindsflagshipStrategic or Co-development PartnerDeepMinds is the venture studio co-leading the $600 million National Venture Studio Programme alongside ASF and CERIST. The programme targets the creation of more than 1,000 startups across all 58 Algerian wilayas, providing GPU-powered AI infrastructure, high-performance computing, and a bridge from research to commercial readiness.
• Candy TechsignificantGTM or Marketing PartnerASF and Candy Tech partnered at the African Startup Conference held in Algiers to expand investor bases and geographic reach by partnering with a Chadian company — extending ASF's cross-border African ecosystem network.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Flat6Labs: Egypt-based early-stage VC and seed accelerator operating across MENA. Flat6Labs conducted joint pitch sessions with ASF portfolio startups, making it both a directly comparable MENA seed-stage VC and an active partner rather than just a competitor.
• Bpifrance: France's national public investment bank running large-scale seed, early-stage, and growth capital programmes backed by the state. Bpifrance is the canonical model for what ASF aspires to become at the national, sector-agnostic, public VC layer.
• FONSIS (Fonds Souverain d'Investissements Stratégiques): Senegal's sovereign strategic investment fund backing high-impact startups and SMEs. FONSIS is the closest African peer — a state-backed fund investing patient capital into early-stage ventures with a development mandate.
• Innovative Startups Fund (ISF) Jordan: Jordanian government-backed fund-of-funds and direct investor supporting early-stage startups with patient capital. ISF is the most direct regional analogue in structure: state-backed, sector-agnostic, seed/early-stage focus.
• AfricInvest: Largest Africa-focused private equity and VC platform, deploying funds of funds and direct investments across the continent. AfricInvest is a directly comparable Africa-facing investor with VC capabilities and a development-impact orientation.
• TLcom Capital: Africa-focused seed and Series A VC. TLcom is a directly comparable Africa-region investor at the same stage with deep portfolio companies across fintech and enterprise — a relevant comp for ASF's deal-sourcing and exit dynamics.

Broad incumbents

• International Finance Corporation (IFC): The private-sector arm of the World Bank Group and a major DFI/development investor. IFC shares ASF's mandate of catalysing private capital in emerging markets and provides a large-incumbent benchmark for sovereign/DFI-backed VC in frontier markets.
• 500 Global: Global early-stage VC and accelerator with a strong emerging-markets franchise and MENA investments. 500 Global offers the global/emerging-market seed benchmark that ASF's portfolio companies may benchmark against for follow-on capital.
• Y Combinator: The world's leading seed accelerator. YC is a relevant broad benchmark for what an institutionalised seed-stage deal engine at scale looks like, and many of ASF's later-stage portfolio companies may apply to YC for global exposure.
• Techstars: Global seed-stage accelerator with MENA programmes. Techstars provides a comparable accelerator-plus-VC model that ASF partially replicates through the A-Venture partnership and the National Venture Studio Programme.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Algerian.Startup.Fund
• LinkedInlinkedin.com/company/algerian-startup-fund

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments93 records

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Frequently asked questions about Algerian Startup Fund