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Investment Firm
Overview
Algebra Ventures invests in technology startups that leverage innovation to transform large markets. They seek high-growth companies, led by passionate and capable teams, that have a unique value proposition, and that can generate significant economic returns.
Algebra Ventures looks for entrepreneurial teams that possess vision and insight as well as the execution skills needed to build scalable companies. Algebra Ventures focuses on Series A and Series B rounds in Egypt although they do not exclude investments in earlier-stage startups or in other parts of the MENA region. They prefer to meet startups early on and get to know the team as the opportunity is shaping up.
Highlights
2015
Venture Capital
11-50
46
29
6
Early Stage Venture, Seed, Private Equity, Late Stage Venture
Venture Capital
Location
Cairo, Al Qahirah, Egypt, Africa
Contact Information
Social
Profile Resume
Algebra Ventures, established in 2015 and headquartered in Africa., specializes in Early Stage Venture, Seed, Private Equity, Late Stage Venture investments across Social Media, Software, Mobile, Events, Meeting Software, Guides, Financial Services, Venture Capital, Finance, E-Commerce. The organization boasts a portfolio of 45 investments, with an average round size of $10.0M and 6 successful exits. Their recent investments include Eventtus, Middle East Venture Partners (MEVP), GoodsMart, elmenus, Filkhedma. The highest investment round they participated in was $38.6B. Among their most notable exits are Eventtus and Middle East Venture Partners (MEVP). Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
46
0
29
6
Investments
46
Annouced Date | Organization Name | Industry | Money Raised |
---|---|---|---|
Jan 25, 2024 | DXwand | Software | 4.0M |
May 30, 2024 | YoLa Fresh | E-Commerce | 7.0M |
Jun 24, 2024 | - | - | 8.0M |
Jul 30, 2024 | Cartona | E-Commerce | 5.6M |
Exits
6
Funding Timeline
46
1
3
Funding Rounds
46
Algebra Ventures has raised 46 rounds. Their latest funding was raised on Jul 30, 2024 from a Series A - Cartona round.
Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
---|---|---|---|---|
Jan 25, 2024 | Series A - DXwand | - | 4.0M | - |
May 30, 2024 | Seed Round - YoLa Fresh | - | 7.0M | - |
Jun 24, 2024 | Seed Round - Connect Money | - | 8.0M | - |
Jul 30, 2024 | Series A - Cartona | - | 5.6M | - |
Investors
1
Algebra Ventures is funded by 1 investor(s). Egyptian-American Enterprise Fund Kantor is the most recent investors.
Investor Name | Lead Investor | Funding Round | Money Raised |
---|---|---|---|
Egyptian-American Enterprise Fund | No | Venture Round - Algebra Ventures | 0 |
Fund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
Annouced Date | Fund Name | Money Raised |
---|---|---|
May 10, 2013 | OTPPLESS | 1.0M |
May 11, 2013 | OTPPLESS | 1.0M |
Invest in industries
Recent Activity
News
Aug 04, 2024
Africa Capital Digest - Algebra Ventures leads Cartona’s Series A extension round
Funding Round
Jul 30, 2024
Cartona raised $5600000 on 2024-07-30 in Series A
News
Jun 25, 2024
TechCrunch - Connect Money scores $8M to enable non-bank businesses to offer embedded finance services
Funding Round
Jun 24, 2024
Connect Money raised $8000000 on 2024-06-24 in Seed Round
Funding Round
May 30, 2024
YoLa Fresh raised $7000000 on 2024-05-30 in Seed Round
News
Jan 25, 2024
TechCrunch - DXwand raises $4M to scale its conversational AI platform serving enterprises in MENA