Algebra Ventures is a tech-focused venture capital firm that partners with bold and resilient founders building transformative companies in Egypt, and across the African continent. Algebra raised its first $54M fund in 2016 and its second $100M fund in 2022 from a diverse investor base including international DFIs, governmental institutions, corporate investors and family offices. 

Among the most experienced venture investors in the Middle East and Africa, Algebra has backed some of the most notable startups in Egypt that have become category leaders in their markets. Algebra Ventures is a multi-stage investor supporting founders from seed stage to Series B. More than just a source of capital, Algebra acts as a comprehensive growth platform for startups, providing strategic guidance, access to co-investors, and talent development. Algebra’s leadership team has invested in over 100 companies in the past 15 years.

Algebra Ventures

For International Women’s Day 2024, Aruwa Capital Management proudly highlights for the second year in a row, the achievements of the 49 women across 35 funds who have overcome obstacles to successfully close funds in Africa. These exceptional women serve as sources of inspiration, leading the way for gender equality in venture capital and private equity.

Back in 2019 when we started this research, we could only see 10 female founded and led funds that had successfully closed their funds since 2008. Last year this increased to 24 female led funds and this year has increased to 35 funds. Every year we continue to make progress as more attention is brought to the importance of women in investment roles, however we still have a long way to go to achieve gender equality. 

Female fund managers are three times more likely to invest in a female CEO and twice as likely to invest in a female owned business. In 2023 less than 2.5% of capital went to female led businesses in Africa. 

Until we address the disparity amongst capital allocators, this gender funding gap will continue to persist. Bridging the gender funding gap is not only a matter of fairness but also essential for unleashing the full potential of our economies and societies. Female founders are generating 2.5x more revenue than their male counterparts for every dollar invested according to BCG. 

Embracing the theme of International Women's Day 2024 #iwd2024, "Invest in Women: Accelerate Progress," we reaffirm our dedication to investing in women and we are pleased to spotlight the dynamic track record female fund managers bring to the table, the advantages of gender diversity and also highlight the vast untapped potential that is inherent in investing in women. 

Let's applaud these remarkable female fund managers and role models, who despite the challenges, demonstrate the essence of women's economic empowerment.

We applaud your tenacity and persistence against all odds.

Lucy Heintz  Susan Wilkins  Abiola Ojo-Osagie 'Tokunboh Ishmael, CFA  Polo Mohau Leteka Aurelie Pujo Adesuwa Okunbo Rhodes Nnennia Ejebe  Martha Osier Beth Mandel  Runa Alam Joanne Y. 
Ann Wyman Carolyn Campbell Nicole Maske  Noor Sweid  Els Boerhof Maya Horgan Famodu Samia Tnani Seidensticker Laila Hassan Genevieve Sangudi Renschke Volschenk Eva Yazhari Lise Birikundavyi, CFA Amy Wang Clara Sanchez, CFA Shirley Somuah Berhane Demissie Alison Collier Zineb Abbad El Andaloussi Kim Kamarebe 
Fernanda Lima  Sandra Lagumina Julia Prescot Monica Brand Engel Lexi Novitske, CFA Omobola Johnson Andreata Muforo Samantha Pokroy Afsane Jetha 

Please let us know if we missed anyone.

#IWD2024 #investinwomen #aruwacapital  #femaleledfunds
#femalefundmanagers
#aruwacapitalresearch 
#privateequity
#venturecapital

Reconnecting in Riyadh: Join Us at #LEAP24 for inspiring conversations.

We're delighted to announce our upcoming visit to Riyadh, where we look forward to connecting with fellow investors, entrepreneurs, and valued partners. Algebra partners Omar Khashaba and Laila Hassan will be speaking at LEAP, sharing their insights and expertise.

If you'll be in town, we'd love to meet up. Feel free to get in touch with them during their time at LEAP. Let's catch up and explore exciting possibilities together.

#LEAP #Riyadh #AlgebraVentures #MENAStartups #VC

Delighted to be partnering with Ahmed Mahmoud,  Mahmoud Gomaa and the team at DXwand who are building the next generation of AI technology for corporates and governments in the MENA region and beyond. Their suite of AI tools and solutions in retrieval augmented generation, generative AI and speech recognition have revolutionized the way their clients service and interact with their customers and employees.  
At Algebra Ventures we continue to seek to invest in many more businesses using cutting edge technologies that solve significant business challenges like DXwand.

📢 Exciting News! Pfizer Egypt and Yodawy Egypt Join Forces to Improve Access to Healthcare 🤝🏻💊

We are thrilled to announce an incredible partnership with Pfizer Egypt that will revolutionize the way Egyptian patients access vital treatment! 

By actively leveraging our cutting-edge technology, we are fully digitizing healthcare experiences, by empowering patients and healthcare providers alike. Our collaboration allows us to prioritize the well-being of patients by streamlining the treatment process and ensuring a seamless journey. 

We understand that every moment counts in the journey towards better health, and this partnership with Pfizer Egypt is set to pave the way for a future where affordable and accessible healthcare becomes a reality for every Egyptian. Together, we can make a significant difference in the lives of patients and their families.

Karim Khashaba Ramy M. Yasser AbdelGawad Ahmed ElGazzar Youssra Helmy

Thanks to every member of the Pfizer team:
 Ahmed El-Shazly Mohamed Aly Hassan Ahmed Abd El-Naby Nouran El Sebaie Reham Mahmoud Rasha Sidhom

#Pfizer #Yodawy #Healthcare

The World Economic Forum witnessed an enlightening discussion on emerging markets during the financial inclusion panel. Key takeaways emphasized the urgent need for policy transformation, the recognition of gender disparities, and the pivotal role of education.

CEO and founder of Algebra Ventures portfolio company MNT-Halan Mounir Nakhla joined National Bank of Cambodia Governor Serey Chea, CNBC Africa Chief Editor Godfrey Mutizwa, Old Mutual Limited Emerging Markets CEO Iain Williamson and her majesty the Queen Máxima of the Netherlands to talk about the work he's done in Egypt through MNT Halan by giving millions of people access to finance and significantly improving their lives. 

Congratulations to Mounir and the outstanding team at MNT Halan for their remarkable recognition as the "fastest and largest growing lender to the unbanked and underbanked in Egypt and Africa" at the forum. Their dedication and impactful work are truly commendable.

Link for the full panel below. 

#WEF24 #MNTHalan #FinancialInclusion #EmergingMarkets #TechCompanies #EgyptStartup #EgyptTech

https://lnkd.in/deYrHufr

We've set our sights on Kenya, poised to make a memorable impact.

Catch our GP Laila Hassan at this year's Africa Tech Summit taking place in Nairobi. 

We're thrilled to embark on this exciting journey, where we'll have the opportunity to connect with key ecosystem players in this vibrant market.

If you find yourself in Nairobi during this period, don't hesitate to reach out. We'd be delighted to meet up and exchange ideas. Stay tuned for more updates as we head South to make meaningful connections at the Africa Tech Summit.

#AlgebraVentures #AfricaTechSummit #NairobiKenya #AfricanStartups #AfricaEcosystem #SSA #ATSNBO #AfricaTech 

Merit Capital Partners is a competitor of Algebra Ventures in the venture capital industry.

Merit Capital Partners

Kamylon Capital is a competitor of Algebra Ventures in the venture capital industry.

Kamylon Capital

Rockport Capital's is a competitor of Algebra Ventures in the venture capital industry.

Rockport Capital's

Algebra Ventures is Egypt's leading tech Venture Capital firm that partners with bold and resilient founders to build transformative companies. The firm provides multi-stage capital, strategic guidance, and assistance in building high-performance teams. It focuses on the positive impact of technology on people's lives in the MEA region.

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Algebra Ventures