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Algebra Ventures

Founders Karim Hussein Tarek Assaad Ziad Mokhtar

Overview

Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 46
Average round size
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The average size of a deal this fund participated in
$4M
Portfolio companies 25
Rounds per year 5.11
Lead investments 8
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.43
Key employees 3
Stages of investment
Early Stage Venture

Areas of investment

  • Marketplace
  • Software
  • E-Commerce
  • Internet
  • Transportation
Summary

The leading representative office of defined VC is situated in the Cairo. The venture was found in Africa in Egypt.

The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the Algebra Ventures, startups are often financed by Middle East Venture Partners (MEVP), Vodafone Ventures, Samih Toukan. The meaningful sponsors for the fund in investment in the same round are 500 Startups, Raed Ventures, Next Billion Ventures. In the next rounds fund is usually obtained by 500 Startups, Y Combinator, Savour Ventures.

For fund there is a match between the location of its establishment and the land of its numerous investments - Egypt. Among the most popular fund investment industries, there are Transportation, Wearables. Among the most popular portfolio startups of the fund, we may highlight Halan.

This organization was formed by Karim Hussein, Tarek Assaad, Ziad Mokhtar. Besides them, we counted 3 critical employees of this fund in our database.

The usual things for fund are deals in the range of 1 - 5 millions dollars. Speaking about the real fund results, this VC is 68 percentage points more often commits exit comparing to other organizations. The fund is generally included in 2-6 deals every year. The average startup value when the investment from Algebra Ventures is 10-50 millions dollars. The top activity for fund was in 2018.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Cartona

Apps
E-Commerce
Marketplace
$5M30 Jul 2024 Egypt, Texas, United States

Connect Money

$8M24 Jun 2024 Cairo, Al Qahirah, Egypt

YoLa Fresh

Agriculture
AgTech
B2B
E-Commerce
Food and Beverage
Supply Chain Management
$7M30 May 2024 Casablanca, Grand Casablanca, Morocco

DXwand

Artificial Intelligence
$4M25 Jan 2024 Cheyenne, Wyoming, United States

Mtor

Information Technology
Internet
$2M04 Dec 2023 Cairo, Al Qahirah, Egypt

Sylndr

E-Commerce
Marketplace
Retail
$12M23 May 2022 Cairo, Al Qahirah, Egypt

Shift EV

Consumer Electronics
Electric Vehicle
Technical Support
$9M08 Apr 2022 Egypt, Texas, United States

Khazna

Financial Services
FinTech
$38M31 Mar 2022 Cairo, Cairo Governorate, Egypt

Orcas

E-Commerce
Education
Internet
$2M16 Jan 2022 Cairo, Cairo Governorate, Egypt

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Total investments 46
Average round size 4M
Rounds per year 5.11
Peak activity year 2021
Lead investments 8
Follow on index 0.43
Group Appearance index 0.89

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Cartona

Apps
E-Commerce
Marketplace
$5M30 Jul 2024 Egypt, Texas, United States

Connect Money

$8M24 Jun 2024 Cairo, Al Qahirah, Egypt

YoLa Fresh

Agriculture
AgTech
B2B
E-Commerce
Food and Beverage
Supply Chain Management
$7M30 May 2024 Casablanca, Grand Casablanca, Morocco

DXwand

Artificial Intelligence
$4M25 Jan 2024 Cheyenne, Wyoming, United States

Mtor

Information Technology
Internet
$2M04 Dec 2023 Cairo, Al Qahirah, Egypt

Sylndr

E-Commerce
Marketplace
Retail
$12M23 May 2022 Cairo, Al Qahirah, Egypt

Shift EV

Consumer Electronics
Electric Vehicle
Technical Support
$9M08 Apr 2022 Egypt, Texas, United States

Khazna

Financial Services
FinTech
$38M31 Mar 2022 Cairo, Cairo Governorate, Egypt

Orcas

E-Commerce
Education
Internet
$2M16 Jan 2022 Cairo, Cairo Governorate, Egypt
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