Algebra Ventures

Company

Investment-firm

Last deal

Amount

Venture - Series Unknown

Stage

31.10.2016

Date

1

all rounds

Financing round

General

About Company
Algebra Ventures invests in high-growth technology startups with unique value propositions to transform large markets.

Industry

Sector :

Subsector :

founded date

01.01.2015

Number of employees

Last funding type

Venture - Series Unknown

IPO status

Private

Description

The venture capital firm focuses on Series A and B rounds in Egypt, but may invest in earlier-stage startups or other parts of the MENA region. They prefer to meet startups early on and look for entrepreneurial teams with vision, insight, and execution skills. Algebra Ventures provides multi-stage capital, strategy and operations assistance, and helps build star teams. The team is diverse and experienced, passionate about the positive impact of tech on people's lives in the MEA region.
Contacts
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Financials

Funding Rounds
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1

Number of Funding Rounds

Their latest funding was raised on 31.10.2016. Their latest investor Egyptian-American Enterprise Fund. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
31.10.2016
1
Investments
42
Date 
name 
Lead 
type 
Raised 
24.06.2024
Yes
$8M
30.05.2024
No
$5M
25.01.2024
Yes
$4M
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Co-Investors
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People

Founders
3
Tarek Assaad
Tarek Assaad

Tarek Assaad

Tarek is Managing Partner at Ideavelopers, Egypt's leading venture capital firm. He leads the Ideavelopers team in supporting entrepreneurs and in selecting new investments. Prior to joining Ideavelopers, he was General Manager of CID Consulting where he led the company’s aggressive growth, making it one of the leading consulting firms in Egypt. Tarek’s consulting work focused on strategic management issues for clients in the IT, Telecom and government sectors. Tarek started his career in Silicon Valley where he worked in technology development and later in management consulting. He holds a BSc in Electronics Engineering from Ain Shams University and an MBA from the Stanford Graduate School of Business.

current job

Algebra Ventures
Algebra Ventures

Tarek Assaad

Karim Hussein
Karim Hussein

Karim Hussein

Karim is a technology veteran with deep experience in product and innovation management and rapid business growth and scaling – particularly in the healthcare and financial services markets. Karim has been an active investor and mentor to a number of technology businesses in Egypt and the US. He is founder and Chairman of D-Kimia Diagnostic Solutions developing fast, affordable, and accurate medical diagnostics using nano-technology and focused on controlling the Hepatitis C epidemic in Egypt and globally. Karim has served on the board of D-Kimia, Integreight, Shezlong.com, Prognos.ai, and Simplex Arabia CNC Solutions. He is also Chairman of the entrepreneurship committee of the Egyptian National Competitiveness Council, a mentor to high impact entrepreneurs through the Endeavor network, and a fellow of the Aspen Global Leadership Network. Previously, Karim was SVP, Products and Engineering at WebMD, Inc., directing product management, technology strategy and engineering. Prior to WebMD, Karim was co-founder and CTO of Riskclick, Inc., a software firm specializing in commercial insurance applications. He also was a senior associate at Booz Allen & Hamilton where he was a member of the Global e-Commerce team. Karim received his PhD in Information Systems from MIT and a dual BSc in Electrical and Computer Engineering from Carnegie Mellon University. He has over 40 publications and a patent for his work on distributed computing.

current job

Algebra Ventures
Algebra Ventures

count Of Investments

3

Karim Hussein

Ziad Mokhtar
Ziad Mokhtar

Ziad Mokhtar

Ziad Mokhtar is a principal at Ideavelopers – the Venture Capital arm of EFG-Hermes, and a managing partner at Algebra Ventures. He is involved in in finding and deciding on new investment opportunities and is responsible for following a number of Ideaveloper's portfolio companies. Ziad holds an M.B.A. from Stanford Graduate School of Business in 2008 and a bachelor's degree in computer science and engineering from Alexandria University in 2000.

current job

Algebra Ventures
Algebra Ventures

Ziad Mokhtar

Employee Profiles
11
Laila Hassan

Laila Hassan

General Partner

Omar Khashaba

Omar Khashaba

General Partner

Karima Ragab

Karima Ragab

PR Manager

Nada Abdel Ghani

Nada Abdel Ghani

Finance Manager

Injy El-Demerdash

Injy El-Demerdash

Executive Assistant for Managing Partners

Anna Louis

Anna Louis

Head of Talent

Karim Hussein

Karim Hussein

Managing Partner

Tarek Assaad

Tarek Assaad

Managing Partner

Activity

Recent News
8
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