Wednesday, 3 June 2020

Investing in digital disruption: How Algebra Ventures became synonymous with tech startups

Algebra Ventures Managing Partners Tarek Assaad and Karim Hussein

From a background of senior positions at multinationals, Algebra Ventures Managing Partners Tarek Assaad and Karim Hussein are driven by a belief that tech and entrepreneurship can enable tangible change in a region where basic services can often be major inconveniences. Established in 2015, Algebra Ventures is a USD 54 mn venture capital fund that invests in early stage tech startups in the MENA region. The fund is the largest of its kind in Egypt.

Assaad and Hussein outline the most important features they look for in startups, including tackling big markets and possessing a strong management team, as well as the red flags they avoid at all costs. Our host, Patrick, sat down with Assaad and Hussein in December, before Covid-19 put us all on work from home.

DISCLAIMER: Algebra Ventures Managing Partner Ziad Mokhtar could not join us for this interview.

 

Making It is grateful for the generous support of:

CIB, Egypt’s number-one private-sector bank and the partner of choice for CEOs and leaders of businesses at all stages of their growth stories

The United States Agency for International Development, which has a 40 year history of inspiring Egyptian success in partnership with the Government and people of Egypt.

** Subscribe to Making it here https://bit.ly/35lugvb.

** Subscribe to Enterprise, our 6am briefing on business, finance and economics in Egypt (also free) at www.enterprise.press.

You can check out Algebra Ventures here: algebraventures.com

Investing in digital disruption: How Algebra Ventures became synonymous with tech startups
00:00
00:00

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2021 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of Commercial International Bank (tax ID: 204-891-949), the largest private-sector bank in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; and Act Financial (tax ID: 493-924-612), the leading activist investor in Egypt.