Algebra Ventures
Algebra Ventures is a Cairo-based venture capital firm founded in the mid-2010s that invests in technology startups across Egypt and the broader MENA region. It concentrates on early to growth-stage opportunities, with a focus on Series A and Series B rounds, and seeks to back high-growth, technology-enabled companies in sectors such as fintech, consumer internet, e-commerce and marketplaces, enterprise software, and other digital services. The firm typically targets minority stakes, roughly in the 15% to 30% range, and partners with capable management teams to accelerate scale. Its geographic emphasis includes Egypt and neighboring markets in the Middle East and North Africa, including Jordan, Lebanon, UAE, Tunisia, and Morocco, with an aim to support ventures transforming large markets through innovative value propositions.
Top Stages
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Past deals in Arab Countries
Khazna
Series A in 2022
Khazna is a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of the population who are active smartphone users but lack access to traditional banking. The company offers a range of services, including General Purpose Credit, Buy Now Pay Later (BNPL), bill payment, savings, and insurance. Additionally, Khazna enables employers to provide cash advances to employees for unforeseen emergencies and facilitates seamless transfers and withdrawals without transaction fees. By focusing on digitizing cash transactions, Khazna aims to provide convenient, effective, and secure smartphone-based financial solutions, thereby improving the overall financial landscape in Egypt and potentially beyond.
Orcas
Seed Round in 2022
Orcas Solutions Limited operates an online marketplace that connects parents and students with experienced and reliable private tutors and babysitters in Egypt, Saudi Arabia, and Pakistan. Founded in 2014 and based in Cairo, the company provides a hybrid tutoring platform that offers live tutoring sessions along with personalized learning plans and courses. This approach enables students to receive tailored educational experiences, enhancing their learning and making education more enjoyable. Through its services, Orcas Solutions aims to empower students and support families in finding quality educational and childcare resources.
POSRocket
Venture Round in 2021
POSRocket specializes in manufacturing cloud-based point-of-sale systems for various businesses such as restaurants, retail shops, and service providers. Founded in 2016, the company is headquartered in Amman, Jordan.
Orcas
Venture Round in 2021
Orcas Solutions Limited operates an online marketplace that connects parents and students with experienced and reliable private tutors and babysitters in Egypt, Saudi Arabia, and Pakistan. Founded in 2014 and based in Cairo, the company provides a hybrid tutoring platform that offers live tutoring sessions along with personalized learning plans and courses. This approach enables students to receive tailored educational experiences, enhancing their learning and making education more enjoyable. Through its services, Orcas Solutions aims to empower students and support families in finding quality educational and childcare resources.
GoodsMart
Venture Round in 2021
GoodsMart operates a mobile application that enables online grocery shopping and doorstep delivery by aggregating local grocery stores and suppliers. The platform offers groceries along with personal care and home care products, and provides delivery options, including early-morning next-day delivery. Founded in 2013, GoodsMart is based in Cairo, Egypt.
Yodawy
Series B in 2021
Yodawy Inc. is a Giza-based company founded in 2018 that specializes in developing a medicine delivery and claims management platform. It enables customers to order pharmaceuticals and personal care products through a mobile app, which facilitates delivery via a network of over 500 pharmacies across Egypt. The platform combines an AI-powered approval engine for insurance claims with features like a digital prescription app and a partner portal. Yodawy collaborates with major insurance carriers to automatically apply insurance and copayment benefits for users, streamlining the medication ordering process and enhancing accessibility for patients seeking home delivery of their prescriptions.
Sakneen
Seed Round in 2021
Sakneen, established in 2019 and headquartered in Cairo, Egypt, operates an online real estate platform. This platform facilitates property searches for users, connecting them with available options on the market. Additionally, Sakneen assists users in exploring suitable financing alternatives. The company aims to streamline transactions between developers, agents, and individuals, primarily focusing on residential properties.
Dsquares
Private Equity Round in 2020
Dsquares LLC is a software development company based in Amman, Jordan, established in 2011, that specializes in designing loyalty programs to enhance customer engagement for various industries, including banking, telecom, retail, and hospitality. The company offers a range of solutions, such as comprehensive loyalty programs, user-friendly couponing options, and interactive directory assistance services. These offerings are aimed at fostering customer retention and encouraging spending, while also enabling businesses to create new revenue streams and deliver a unique customer experience. By focusing on innovative loyalty strategies, Dsquares aims to strengthen the connection between businesses and their consumers.
La Reina
Seed Round in 2020
La Reina is an online fashion rental platform based in Heliopolis, Cairo, Egypt, specializing in the rental of designer wedding and evening dresses, along with accessories. Founded in 2016, the company enables women to rent their bridal gowns and evening attire from one another, providing a diverse selection of designer pieces in various sizes. By facilitating an accessible marketplace for fashion, La Reina caters to those seeking affordable options for special occasions while promoting sustainable practices in the fashion industry.
Khazna
Seed Round in 2020
Khazna is a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of the population who are active smartphone users but lack access to traditional banking. The company offers a range of services, including General Purpose Credit, Buy Now Pay Later (BNPL), bill payment, savings, and insurance. Additionally, Khazna enables employers to provide cash advances to employees for unforeseen emergencies and facilitates seamless transfers and withdrawals without transaction fees. By focusing on digitizing cash transactions, Khazna aims to provide convenient, effective, and secure smartphone-based financial solutions, thereby improving the overall financial landscape in Egypt and potentially beyond.
Elmenus
Series B in 2020
Founded in 2011, Elmenus operates a food discovery platform that helps users find nearby restaurants and top dishes based on user ratings. It serves over 1 million monthly users across Egypt.
Yodawy
Series A in 2019
Yodawy Inc. is a Giza-based company founded in 2018 that specializes in developing a medicine delivery and claims management platform. It enables customers to order pharmaceuticals and personal care products through a mobile app, which facilitates delivery via a network of over 500 pharmacies across Egypt. The platform combines an AI-powered approval engine for insurance claims with features like a digital prescription app and a partner portal. Yodawy collaborates with major insurance carriers to automatically apply insurance and copayment benefits for users, streamlining the medication ordering process and enhancing accessibility for patients seeking home delivery of their prescriptions.
Orcas
Seed Round in 2019
Orcas Solutions Limited operates an online marketplace that connects parents and students with experienced and reliable private tutors and babysitters in Egypt, Saudi Arabia, and Pakistan. Founded in 2014 and based in Cairo, the company provides a hybrid tutoring platform that offers live tutoring sessions along with personalized learning plans and courses. This approach enables students to receive tailored educational experiences, enhancing their learning and making education more enjoyable. Through its services, Orcas Solutions aims to empower students and support families in finding quality educational and childcare resources.
Dsquares
Venture Round in 2019
Dsquares LLC is a software development company based in Amman, Jordan, established in 2011, that specializes in designing loyalty programs to enhance customer engagement for various industries, including banking, telecom, retail, and hospitality. The company offers a range of solutions, such as comprehensive loyalty programs, user-friendly couponing options, and interactive directory assistance services. These offerings are aimed at fostering customer retention and encouraging spending, while also enabling businesses to create new revenue streams and deliver a unique customer experience. By focusing on innovative loyalty strategies, Dsquares aims to strengthen the connection between businesses and their consumers.
GoodsMart
Series A in 2019
GoodsMart operates a mobile application that enables online grocery shopping and doorstep delivery by aggregating local grocery stores and suppliers. The platform offers groceries along with personal care and home care products, and provides delivery options, including early-morning next-day delivery. Founded in 2013, GoodsMart is based in Cairo, Egypt.
Halan
Series A in 2018
Halan is an Egyptian technology company established in 2017, operating a mobile application that caters to various consumer needs through a single platform. The app offers ride-hailing services for two and three-wheeler vehicles, on-demand logistics solutions, food delivery, and goods transportation via motorbikes or cargo tricycles. Halan also facilitates e-payments and microfinance services for its users. It has partnered with prominent fast-food chains in Egypt to provide last-mile delivery services using smart-tech integrated systems. The company aims to enhance convenience and safety for customers while offering incremental business opportunities for drivers, supporting both large organizations and small businesses in their distribution needs.
HolidayMe
Series C in 2018
HolidayMe is an online travel portal established in 2013, operating under the registered trademark of Traveazy DMCC and headquartered in Dubai, UAE. The company specializes in providing a comprehensive online travel booking platform that allows customers to plan their holidays with ease. It offers a wide range of services, including hotel bookings, customized travel packages, and booking vouchers, catering to both B2B and B2C markets. HolidayMe focuses on enhancing the travel experience for its users by providing tailored solutions that meet the diverse needs of travelers. With additional offices in Pune, Jeddah, and Cairo, the company has gained recognition in the travel industry, particularly within the GCC region, for its commitment to quality service and customer satisfaction.
Halan
Series A in 2018
Halan is an Egyptian technology company established in 2017, operating a mobile application that caters to various consumer needs through a single platform. The app offers ride-hailing services for two and three-wheeler vehicles, on-demand logistics solutions, food delivery, and goods transportation via motorbikes or cargo tricycles. Halan also facilitates e-payments and microfinance services for its users. It has partnered with prominent fast-food chains in Egypt to provide last-mile delivery services using smart-tech integrated systems. The company aims to enhance convenience and safety for customers while offering incremental business opportunities for drivers, supporting both large organizations and small businesses in their distribution needs.
La Reina
Seed Round in 2018
La Reina is an online fashion rental platform based in Heliopolis, Cairo, Egypt, specializing in the rental of designer wedding and evening dresses, along with accessories. Founded in 2016, the company enables women to rent their bridal gowns and evening attire from one another, providing a diverse selection of designer pieces in various sizes. By facilitating an accessible marketplace for fashion, La Reina caters to those seeking affordable options for special occasions while promoting sustainable practices in the fashion industry.
POSRocket
Venture Round in 2018
POSRocket specializes in manufacturing cloud-based point-of-sale systems for various businesses such as restaurants, retail shops, and service providers. Founded in 2016, the company is headquartered in Amman, Jordan.
GoodsMart
Series A in 2017
GoodsMart operates a mobile application that enables online grocery shopping and doorstep delivery by aggregating local grocery stores and suppliers. The platform offers groceries along with personal care and home care products, and provides delivery options, including early-morning next-day delivery. Founded in 2013, GoodsMart is based in Cairo, Egypt.
Elmenus
Series A in 2017
Founded in 2011, Elmenus operates a food discovery platform that helps users find nearby restaurants and top dishes based on user ratings. It serves over 1 million monthly users across Egypt.
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