| Date | Title | Description |
| 30.09.2025 | Algebra Ventures Fund II welcomes Avanz Capital Egypt as Limited Partner | Avanz Capital Egypt (ACE), a leading private capital asset management firm, has joined Algebra Ventures’ second fund as a Limited Partner through a secondary transaction executed via its direct investment company, Avanz Manara. The move mar... |
| 15.06.2025 | Sylndr, an Egyptian Online Car Retailer, has secured US $15.7 million in a Series A equity funding round | Sylndr, Egypt’s leading online used-car platform, has secured US $15.7 million in a Series A equity funding round, led by Development Partners International’s (DPI) Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed V... |
| 28.05.2025 | Sylndr Drives Change in Egypt’s Used-Car Market with $15.7 Million Funding | In the bustling streets of Cairo, a revolution is underway. Sylndr, Egypt’s leading used-car marketplace, has just secured $15.7 million in a Series A funding round. This investment, led by Development Partners International (DPI) Venture C... |
| 23.05.2025 | To promote automotive innovation in Egypt, Sylndr closes $15.7 M Series A round | Sylndr, Egypt’s leading used-car marketplace, today announced the closing of its $15.7 million Series A equity round, led by Development Partners International (DPI) Venture Capital via the Nclude Fund, with participation from Algebra Ventu... |
| 26.04.2025 | Seesaw expands its learning solutions globally by acquiring Little Thinking Minds | The top PreK–12 learning experience company in the world, Seesaw, has announced that it has acquired Little Thinking Minds, a leading edtech company founded by women in the MENA region that specializes in Arabic literacy solutions. With thi... |
| 28.03.2025 | MENA Digest: Valeo Health nets Series B; Nayla Finance, enza, Lumi AI get seed money | The Valeo Health team
Valeo Health, a UAE-based healthtech platform that delivers personalised real-time insights and tailored wellness solutions, led funding activity in the Middle East and North Africa this week.
At least three fintech st... |
| 09.12.2024 | Power in Partnership: Efreshli Co-Founders Heba Elgabaly and Dina Elhaddad Two trailblazing women shaping the future of interior design in the MENA region. | Cairo-based entrepreneur Heba Elgabaly has witnessed first-hand the interior design industry evolving. Only ten years ago, Elgabaly was an operator deeply embedded in the home furniture and design industry, where most designer products were... |
| 29.11.2024 | MENA Digest: Eyewa led fundraising; VC firm Flat6Labs invests in 10 Saudi startups | Credit: 123RF.com
Middle East’s leading eyewear retailer Eyewa led the fundraising activity this week, securing a three-digit late-stage growth capital to scale its operations. Other key deals include Saudi Arabian cybersecurity firm Cipher... |
| 08.11.2024 | The Future of Food: How YoLa Fresh is Reshaping Africa's Agricultural Landscape | In the heart of Africa, a revolution is brewing. It’s not a political upheaval or a technological takeover. It’s a quiet transformation in the agricultural sector, led by innovative startups like YoLa Fresh. This Moroccan company is on a mi... |
| 04.11.2024 | YoLa Fresh founders on how a more efficient food system can reduce emissions and water consumption in Africa. | [Disclosure: AgFunderNews’ parent company is AgFunder.]
In Africa, attention towards climate tech has been growing, with climate-related companies in the year to date raising 40% of all funding in the upstream supply chain. Although data fo... |
| 21.08.2024 | Fueling An Ecosystem: Meet 10 Of Egypt's Most Active Venture Capitalists The most active investors in Egypt, purely based on the number of deals, are primarily local. | Egypt boasts over 160 venture capital (VC) firms and investors supporting its startup ecosystem.
These include both local and international investors, which have collectively participated in over 800 deals in the five years between 2019 to ... |
| 03.08.2024 | The Rise of Fintech in the Middle East: A New Era of Financial Inclusion | The Middle East is witnessing a financial revolution. Startups like Synapse Analytics and Cartona are leading the charge, transforming traditional finance and trade through innovative technology. With significant funding and strategic partn... |
| 03.08.2024 | Cartona raised $8.1 M debt, equity funding in extended Series A round funding | The successful completion of a $8.1 million Series A extension fundraise has been announced by Cartona (“the Company”), the leading B2B platform that is digitising and empowering stakeholders of Egypt’s traditional trade market, including m... |
| 12.07.2024 | For Egyptian Startups Considering Expansion, Africa Might Be Where They Have A Competitive Edge There are many markets in Africa that are looking increasingly attractive for Egyptian startups to not o... | Egypt has always been a dominant breeding ground for startups in the region, whether you look at the size of the ecosystem, the amount of venture capital deals it attracts, or the overall amount of funding the startups within the ecosystem ... |
| 28.06.2024 | The Impact Of Egypt's Currency Devaluation On Its Local Startups Once economic woes coupled with a devalued currency regime environment is present, it has an inevitable knock-on effect on a country's ... | The Egyptian currency has witnessed major volatility in the past two years in particular, after enjoying a relatively stable currency position since the Egyptian pound adopted a free-float approach in November 2016.
The Egyptian pound has c... |
| 24.06.2024 | A New Report By Lucidity Insights In Partnership With Entrepreneur Middle East Takes A Deep Dive Into Egypt's Startup And Investor Ecosystem Egypt is the MENA's most populous country, Africa's third m... | This month, Lucidity Insights partnered with Entrepreneur Middle East to publish a comprehensive special report looking at Egypt's startup and investor ecosystem titled, Investing in Egypt's Startup Ecosystem in 2024. The special report loo... |
| 03.06.2024 | Yola Fresh banks $7m to end smallholder farmer reliance on middlemen and boost access to fair pricing | Morocco-based Yola Fresh recently secured $7 million in pre-Series A funding for its platform that streamlines the market linkage between smallholder farmers and retailers.
Al Mada Ventures led the round with participation from Algebra Vent... |
| 01.06.2024 | Agritech startup YoLa raised $7 M Pre-series A funding | A $7 million pre-Series A funding round has been secured by YoLa Fresh, a Moroccan agritech startup that is creating an open and sustainable fresh food supply network. Leading the round was Al Mada Ventures, with participation from FMO, the... |
| 10.10.2022 | Weekly Economic Index: World Bank lowers Nigeria’s 2023 economic growth forecast to 3.3% | The World Bank has lowered its economic growth forecast for Nigeria in 2023 to 3.2 per cent from 3.3 per cent, citing deceleration in global growth, the Russin-Ukraine war, and declining demand from China for commodities produced in Africa.... |
| 03.10.2022 | Egyptian venture capital firm Algebra Ventures hits first close of second fund at $100M | Last April, Egyptian and MENA-focused venture capital firm Algebra Ventures announced the launch of its $90 million second fund. It was the sequel to its first: a $54 million fund invested in 21 startups across Egypt and the Middle East.
Wh... |
| 13.04.2022 | The International Finance Corporation (IFC) invests $15 million in ‘Algebra Ventures’ to help Egyptian tech startups | The International Finance Corporation (IFC) announced a $15 million investment in the second fund from venture capital firm Algebra Ventures, with the goal of assisting internet entrepreneurs with access to capital and driving innovation an... |
| 03.11.2021 | Mozare3 is introducing Egypt’s smallholder farmers to the gig economy | With the rise of e-grocers, online ordering, and door-to-door delivery, the way people buy and consume food is now intricately linked to the gig economy. The founders of Mozare3 think the way food is grown should be, too.
Hussein Abou Bakr,... |
| 14.07.2021 | Egyptian virtual events platform Eventtus is acquired by US firm Bevy | Share this:
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| 28.06.2021 | Egypt-based Khazna launches Khazna Card | Egyptian fintech startup Khazna has partnered Abu Dhabi Islamic Bank (ADIB) Egypt and Masria Digital Payments (MDP) to launch “Khazna Card”, a prepaid card linked to Khazna’s “super app” aimed at empowering Egypt’s labour force by extending... |
| 24.06.2021 | Egypt’s Trella closes $42-million funding round | Cairo-based Trella, the fastest growing digital freight marketplace in MENAP, announced the successful completion of a $42-million funding round this week. This round comprises $30-million new equity and $12-million debt facilities.
The eq... |
| 24.06.2021 | Egypt’s Trella closes $42-million funding round | Cairo-based Trella, the fastest growing digital freight marketplace in MENAP, announced the successful completion of a $42-million funding round this week. This round comprises $30-million new equity and $12-million debt facilities.
The equ... |
| 18.06.2021 | Khazna receives Central Bank of Egypt approval to launch Khazna Card | Cairo-based fintech Khazna announced on 15 June that it has partnered with ADIB Egypt and Masria Digital Payments (MDP), to launch the Khazna Card, a Meeza prepaid card linked to its Super App.
Khazna helps over 20-million underbanked Egyp... |
| 18.06.2021 | Khazna receives Central Bank of Egypt approval to launch Khazna Card | Cairo-based fintech Khazna announced on 15 June that it has partnered with ADIB Egypt and Masria Digital Payments (MDP), to launch the Khazna Card, a Meeza prepaid card linked to its Super App.
Khazna helps over 20-million underbanked Egypt... |
| 09.04.2021 | Algebra Ventures launches $90-million fund to invest in startups | Cairo-based venture capital firm Algebra Ventures has announced the launch of its second fund worth $90-million. The fund is dedicated to investing in startups in Egypt and the MEA region.
The VC is reportedly targeting its first closing i... |
| 09.04.2021 | Algebra Ventures launches $90-million fund to invest in startups | Cairo-based venture capital firm Algebra Ventures has announced the launch of its second fund worth $90-million. The fund is dedicated to investing in startups in Egypt and the MEA region.
The VC is reportedly targeting its first closing in... |
| 06.04.2021 | After its first $54M fund, Algebra Ventures launches $90M fund for startups in Egypt | The venture capital scene in the North African tech ecosystem will be absolutely buzzing right now with the announcement of two large VC funds in the space of two days. Today, Algebra Ventures, an Egyptian VC firm, announced that it has lau... |
| 06.04.2021 | Sawari Ventures and Algebra Ventures stake $150m on North African startups | One billion Egyptian pounds. That is how much Sawari Ventures raised for its Egypt-based fund. The fund has plans to ramp up investments in startups across the North Africa region.
Depending on the prevailing conversion rate, Sawari’s raise... |
| 09.02.2021 | Egypt proptech startup secures $1.1-million | Cairo-based proptech startup Sakneen has raised $1.1-million in a seed funding round led by Algebra Ventures and with a notable contribution from Sawraw Capital, Foundation Ventures, and several other global angel investors including Hem+Sp... |
| 09.02.2021 | Egypt proptech startup secures $1.1-million | Cairo-based proptech startup Sakneen has raised $1.1-million in a seed funding round led by Algebra Ventures and with a notable contribution from Sawraw Capital, Foundation Ventures, and several other global angel investors including Hem+Sp... |
| 12.05.2020 | Egyptian end-to-end distribution platform Brimore raises $3.5m | Egyptian end-to-end distribution platform Brimore has raised $3.5m in a Pre-Series A round led by Algebra Ventures, with participation from Disruptech, Vision Ventures, and returning investors, 500 Startups, and Flat6labs.
Brimore was found... |
| 12.05.2020 | Egyptian end-to-end distribution platform Brimore raises $3.5m | Egyptian end-to-end distribution platform Brimore has raised $3.5m in a Pre-Series A round led by Algebra Ventures, with participation from Disruptech, Vision Ventures, and returning investors, 500 Startups, and Flat6labs.
Brimore was foun... |
| 16.04.2020 | Egypt’s Eventtus raises funding to develop events platform | Egyptian tech company Eventtus has raised an undisclosed amount in funding to help it launch a digital events platform to continue operating amid the Covid-19 pandemic, the startup’s CEO Mai Medhat announced earlier this week.
Writing in a ... |
| 16.04.2020 | Egypt’s Eventtus raises funding to develop events platform | Egyptian tech company Eventtus has raised an undisclosed amount in funding to help it launch a digital events platform to continue operating amid the Covid-19 pandemic, the startup’s CEO Mai Medhat announced earlier this week.
Writing in a... |
| 14.04.2020 | Global Ventures closes $50m MENA-focused fund | Dubai-based venture capital (VC) company Global Ventures, has closed its first fund, of $50-million, to invest in the Middle East and North Africa (MENA) region.
This, according to tech publication Menabytes which revealed the close of the ... |
| 14.04.2020 | Global Ventures closes $50m MENA-focused fund | Dubai-based venture capital (VC) company Global Ventures, has closed its first fund, of $50-million, to invest in the Middle East and North Africa (MENA) region.
This, according to tech publication Menabytes which revealed the close of the... |
| 10.03.2020 | Egyptian fintech Khazna lands seed investment in round led by Algebra Ventures | Egyptian fintech Khazna has raised seed funding in a round led by leading Egyptian venture capital (VC) fund Algebra Ventures.
Tech publication MenaBytes reported in an article on Sunday (8 March) that the startup did not disclose the size ... |
| 10.03.2020 | Egyptian fintech Khazna lands seed investment in round led by Algebra Ventures | Egyptian fintech Khazna has raised seed funding in a round led by leading Egyptian venture capital (VC) fund Algebra Ventures.
Tech publication MenaBytes reported in an article on Sunday (8 March) that the startup did not disclose the size... |
| 04.02.2020 | Egyptian food discovery and ordering platform Elmenus raises $8m Series-B round | Egyptian food discovery and ordering platform Elmenus has raised $8-million in a Series-B round.
Elmenus provides users with digitised restaurant menus from food carts to hotel restaurants.
Tech publication Menabytes reported in an article ... |
| 04.02.2020 | Egyptian food discovery and ordering platform Elmenus raises $8m Series-B round | Egyptian food discovery and ordering platform Elmenus has raised $8-million in a Series-B round.
Elmenus provides users with digitised restaurant menus from food carts to hotel restaurants.
Tech publication Menabytes reported in an articl... |
| 06.01.2020 | Here are 10 African startups to watch in 2020 | Wondering what 2020 has in store for Africa’s tech startup scene?
If you’re looking to keep tabs on the movers and shakers that will define this year then join us as we look at the 10 startups that you should consider paying attention to i... |
| 06.01.2020 | Here are 10 African startups to watch in 2020 | Wondering what 2020 has in store for Africa’s tech startup scene?
If you’re looking to keep tabs on the movers and shakers that will define this year then join us as we look at the 10 startups that you should consider paying attention to in... |
| 05.12.2019 | Egyptian trucking marketplace Trella acquires competitor Trukto | Cairo-based trucking marketplace Trella has acquired competitor Trukto in a move that will create Egypt’s largest technology-enabled trucking and logistics platform.
Trella announced in a statement yesterday that the acquisition will help ... |
| 05.12.2019 | Egyptian trucking marketplace Trella acquires competitor Trukto | Cairo-based trucking marketplace Trella has acquired competitor Trukto in a move that will create Egypt’s largest technology-enabled trucking and logistics platform.
Trella announced in a statement yesterday that the acquisition will help i... |
| 12.11.2019 | Egyptian medicine delivery startup Yodawy scoops $1m in Series-A funding | Cairo-based medicine delivery and digital claims startup Yodawy has, in its first external funding deal, raised $1-million in a Series-A round led by Egyptian venture capital firms Algebra Ventures and CVentures.
Egyptian angel investor fir... |
| 12.11.2019 | Egyptian medicine delivery startup Yodawy scoops $1m in Series-A funding | Cairo-based medicine delivery and digital claims startup Yodawy has, in its first external funding deal, raised $1-million in a Series-A round led by Egyptian venture capital firms Algebra Ventures and CVentures.
Egyptian angel investor fi... |
| 10.08.2019 | Y Combinator-backed Trella brings transparency to Egypt’s trucking and shipping industry | Y Combinator has become one of the key ways that startups from emerging markets get the attention of American investors. And arguably no clutch of companies has benefited more from Y Combinator’s attention than startups from emerging market... |
| 28.06.2019 | Here are six of the biggest VC deals so far in 2019 by Egyptian startups | As summer hits Egypt it’s not just the streets that are cooking, with maximum temperatures in the capital Cairo expected to remain above 38 degrees C for the remainder of this week, investment in Egyptian tech startups is also hotting up.
... |
| 28.06.2019 | Here are six of the biggest VC deals so far in 2019 by Egyptian startups | As summer hits Egypt it’s not just the streets that are cooking, with maximum temperatures in the capital Cairo expected to remain above 38 degrees C for the remainder of this week, investment in Egyptian tech startups is also hotting up.
L... |
| 26.06.2019 | Latest investment will help food delivery startup dominate Egypt – Elmenus CEO | Egyptian food delivery startup Elmenus today announced that it has secured an investment from Foodora co-founder and DeliveryHero VP Julian Dames.
Elmenus CEO Amir Allam (pictured above), who founded the startup in 2011, would not disclose ... |
| 26.06.2019 | Latest investment will help food delivery startup dominate Egypt – Elmenus CEO | Egyptian food delivery startup Elmenus today announced that it has secured an investment from Foodora co-founder and DeliveryHero VP Julian Dames.
Elmenus CEO Amir Allam (pictured above), who founded the startup in 2011, would not disclose... |
| 12.06.2019 | Egyptian edtech Orcas lands $500k from Algebra Ventures, NFX Capital | Egyptian startup Orcas has raised $500 000 in a pre-Series A funding round led by Egyptian venture capital (VC) fund Algebra Ventures, with participation from NFX Capital.
Orcas is a mobile application that connects parents and students wit... |
| 12.06.2019 | Egyptian edtech Orcas lands $500k from Algebra Ventures, NFX Capital | Egyptian startup Orcas has raised $500 000 in a pre-Series A funding round led by Egyptian venture capital (VC) fund Algebra Ventures, with participation from NFX Capital.
Orcas is a mobile application that connects parents and students wi... |
| 02.04.2019 | Egyptian end-to-end distribution platform Brimore raises $800k seed round | End-to-end distribution platform Brimore has announced that it has raised $800 000 in a seed round co-led by Algebra Ventures and Endure Capital.
In a statement today (2 April) the Cairo-based startup said 500 Startups, Flat6labs and some u... |
| 02.04.2019 | Egyptian end-to-end distribution platform Brimore raises $800k seed round | End-to-end distribution platform Brimore has announced that it has raised $800 000 in a seed round co-led by Algebra Ventures and Endure Capital.
In a statement today (2 April) the Cairo-based startup said 500 Startups, Flat6labs and some ... |
| 12.03.2019 | Egypt’s Dsquares bags investment from Algebra Ventures, Ezdehar Management | Cairo based loyalty solutions provider Dsquares has secured investment from two Egyptian investors, Algebra Ventures and Ezdehar Management.
Dsquares was founded in 2012 by Marwan Kenawy (pictured above, left), Ayman Essawy (pictured above... |
| 12.03.2019 | Egypt’s Dsquares bags investment from Algebra Ventures, Ezdehar Management | Cairo based loyalty solutions provider Dsquares has secured investment from two Egyptian investors, Algebra Ventures and Ezdehar Management.
Dsquares was founded in 2012 by Marwan Kenawy (pictured above, left), Ayman Essawy (pictured above,... |
| 25.02.2019 | Egyptian trucking marketplace Trella raises $600k in pre-seed round | Cairo-based trucking marketplace Trella has raised $600 000 in a pre-seed round led by Egyptian venture capital (VC) firm Algebra Ventures.
In a statement yesterday (24 February) announcing the investment, Algebra Ventures said other inves... |
| 25.02.2019 | Egyptian trucking marketplace Trella raises $600k in pre-seed round | Cairo-based trucking marketplace Trella has raised $600 000 in a pre-seed round led by Egyptian venture capital (VC) firm Algebra Ventures.
In a statement yesterday (24 February) announcing the investment, Algebra Ventures said other invest... |
| 18.02.2019 | Cairo-based GoodsMart announces second investment from Algebra Ventures | Cairo-based household shopping app GoodsMart today announced that it has secured its second investment from Egyptian venture capital (VC) firm Algebra Ventures. The deal was signed late last year.
The shopping app also provides its users wi... |
| 18.02.2019 | Cairo-based GoodsMart announces second investment from Algebra Ventures | Cairo-based household shopping app GoodsMart today announced that it has secured its second investment from Egyptian venture capital (VC) firm Algebra Ventures. The deal was signed late last year.
The shopping app also provides its users w... |
| 04.12.2018 | Egyptian ride-hailing app Halan raises ‘multi-million’ Series-A round | Egyptian startup, Halan and Sudan’s first motorcycle and tuk-tuk ride-hailing app — has announced that it landed an undisclosed Series A funding round from round co-led by Singapore’s Battery Road Digital Holdings and Egypt’s Algebra Ventur... |
| 03.12.2018 | Egyptian ride-hailing app Halan raises ‘multi-million’ dollar Series-A round | Egyptian startup Halan — Egypt and Sudan’s first motorcycle and tuktuk ride-hailing app — has announced that it landed an undisclosed Series A funding round from round co-led by Singapore’s Battery Road Digital Holdings and Egypt’s Algebra ... |
| 03.12.2018 | Egyptian ride-hailing app Halan raises ‘multi-million’ dollar Series-A round | Egyptian startup Halan — Egypt and Sudan’s first motorcycle and tuktuk ride-hailing app — has announced that it landed an undisclosed Series A funding round from round co-led by Singapore’s Battery Road Digital Holdings and Egypt’s Algebra ... |
| 04.10.2018 | "We Got Funded!" Cairo-Based iCommunity Raises US$600,000 in Series A Funding Round | October 4, 2018 2 min read
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.
iCommunity, a mobile app for managing gated communities, has raised US$600,000 in Series A funding from Algebra Ventures.
... |
| 02.10.2018 | Egypt’s iCommunity raises $600k from Algebra Ventures in Series-A round | Cairo-based community management platform iCommunity has raised $600 000 from Egyptian VC firm Algebra Ventures in a Series-A funding round.
The startup — which was founded in 2016 by managing director Karim Akram and CTO Antoine Megalla —... |
| 02.10.2018 | Egypt’s iCommunity raises $600k from Algebra Ventures in Series-A round | Cairo-based community management platform iCommunity has raised $600 000 from Egyptian VC firm Algebra Ventures in a Series-A funding round.
The startup — which was founded in 2016 by managing director Karim Akram and CTO Antoine Megalla — ... |
| 07.08.2018 | We Got Funded: Jordan-Based Tech Startup POSRocket Receives A US$1.5 Million Boost | August 7, 2018 7 min read
Opinions expressed by Entrepreneur contributors are their own.
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.
Jordan-based POSRocket, a startup that offers cloud-based po... |
| 30.04.2018 | Egyptian startup La Reina raises $1m from Algebra Ventures, 500 Startups | Egyptian startup La Reina — an online platform for rental couture — has closed a $1-million deal in a Series A funding round led by Egypt’s largest venture capital (VC) fund, Algebra Ventures, with participation from the global VC fund 500 ... |
| 30.04.2018 | Egyptian startup La Reina raises $1m from Algebra Ventures, 500 Startups | Egyptian startup La Reina — an online platform for rental couture — has closed a $1-million deal in a Series A funding round led by Egypt’s largest venture capital (VC) fund, Algebra Ventures, with participation from the global VC fund 500 ... |
| 21.11.2017 | RiseUp Summit 2017 to focus on how innovation can improve human experience | RiseUp, a movement that supports startups across the Middle East and North Africa (MENA) by connecting them to resources, is set to hold its third annual RiseUp Summit in Cairo, Egypt between 1 and 3 December.
This year’s edition of the Ri... |
| 21.11.2017 | RiseUp Summit 2017 to focus on how innovation can improve human experience | RiseUp, a movement that supports startups across the Middle East and North Africa (MENA) by connecting them to resources, is set to hold its third annual RiseUp Summit in Cairo, Egypt between 1 and 3 December.
This year’s edition of the Ris... |
| 31.08.2017 | Egyptian technology startups stand on the shoulders of giants | Mike Ducker Contributor
Mike Ducker is the founder of the Ecosystem Forum, a platform to share effective practices to build ecosystems in emerging markets. He also mentors for Accelerate Baltimore. He earned his MBA from the Ross School of ... |
| 22.12.2016 | Egyptian VC Firm Algebra Ventures Holds First Close of Maiden Fund, at $40M | Algebra Ventures, a Cairo, Egypt-based venture capital firm, held the first close of its fund focused on backing technology startups, at $40m.
Algebra is the first Egypt-dedicated venture capital vehicle to come to market since 2008. LPs in... |
