About Algebra Ventures
Algebra Ventures is a venture capital firm founded in 2016. It is primarily based out of Cairo, Egypt. As of Sep 2026, Algebra Ventures is an active investor, having invested in 36 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in Egypt based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and FinTech. Most recently it participated in the $***** Series A round of Synapse Analytics Overall, Algebra Ventures portfolio has seen 1 IPO and 5 acquisitions including key companies like MNT Halan, Little Thinking Minds and Orcas. A lot of funds co-invest with Algebra Ventures, with names like 500 Global sharing a substantial percentage of its portfolio. Algebra Ventures has team of 8 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Algebra Ventures' List of Top Investments
Algebra Ventures has a portfolio of 36 companies. Their most notable investments are in FilKhedma and Halan.Their portfolio spans across Egypt, United Arab Emirates, United States and 5 more locations. They have invested in Consumer, Enterprise Applications, FinTech and 19 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Algebra Ventures:
1. Lucky
Provider of digital financial cards for credit and payment access. These cards function as prepaid instruments for everyday transactions and offer options for building credit history. Users manage accounts through a mobile application to track spending and access various merchant discounts. The system facilitates secure financial transactions and provides tools for monitoring personal credit eligibility.
Key facts about Lucky
- Founded Year: 2019
- Location: Cairo (Egypt)
- Stage: Series B
- Total Funding till date: $51M
- Employee Count: 261 as on Sep 30, 2026
- Investors: PayU, Algebra Ventures and 14 Others
- Latest Funding Round: Series B, Apr 07, 2026, $*****
- Highlight: Editors' Pick
2. MNT Halan
Provider of lending, payment, and e-commerce solutions for underserved markets. The company offers business and consumer lending, including microfinance, SME lending, and nano loans. It provides buy now pay later options, payroll lending, and light-vehicle finance. Digital payment solutions include loan disbursement and collection, peer-to-peer transfers, and virtual card numbers. The company also facilitates bill payments, cash in/out services, and payroll disbursement. It operates an e-commerce platform for home appliances and FMCG products.
Key facts about MNT Halan
- Founded Year: 2017
- Location: Giza (Egypt)
- Stage: Public
- Total Funding till date: $668M
- Employee Count: 1,759 as on Sep 30, 2026
- Investors: Apis Partners, Chimera and 17 Others
- Latest Funding Round: Conventional Debt, Oct 02, 2026, $*****
- Highlight: Public
3. Halan
Provider of financial services including lending, investment, money transfer, and shopping. The company facilitates personal and business loans with flexible repayment options. It offers investment opportunities in gold and savings accounts. The platform enables users to transfer funds and pay bills. Additionally, it provides an e-commerce store featuring appliances, electronics, and groceries.
Key facts about Halan
- Founded Year: 2017
- Location: Giza (Egypt)
- Stage: Series B
- Total Funding till date: $19.9M
- Employee Count: 1,771 as on Sep 30, 2026
- Investors: Algebra Ventures, Middle East Venture Partners and 1 Other
- Latest Funding Round: Series B, Jan 25, 2020, $*****
- Highlight: Editors' Pick
4. Khazna
Digital wallet platform for individuals. It provides point of sale financing options that enable consumers to purchase products and pay in periodic installments. It provides services such as cash withdrawal, money transfers, bill payments, and more. It also enables users to access banking services via mobile phones.
Key facts about Khazna
- Founded Year: 2019
- Location: Riyadh (Saudi Arabia)
- Stage: Series A
- Total Funding till date: $47M
- Employee Count: 448 as on Sep 30, 2026
- Investors: Algebra Ventures, Khwarizmi Ventures and 16 Others
- Latest Funding Round: Series A, Feb 05, 2025, $*****
- Highlight: Editors' Pick
5. Cartona
Operator of a B2B e-commerce marketplace connecting retailers and suppliers. The platform enables retailers to browse and order merchandise. It facilitates connections between retailers, fast-moving consumer goods producers, and wholesalers. The platform offers an interface intended to streamline purchasing. It provides tools for suppliers to manage inventory and track orders.
Key facts about Cartona
- Founded Year: 2019
- Location: Giza (Egypt)
- Stage: Series A
- Total Funding till date: $22.1M
- Employee Count: 336 as on Sep 30, 2026
- Investors: Algebra Ventures, T5 Capital and 9 Others
- Latest Funding Round: Series A, Jul 30, 2024, $*****
- Highlight: Editors' Pick
Algebra Ventures' Year-on-Year Investment Trends
Algebra Ventures has invested in 36 companies over the last 9 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 3 investments, while as of Sep 2026, it has made 3 investments in this year. Its most recent first time investment was in Synapse Analytics and most recent follow-on round was in Sylndr.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 0 | 3 |
2025 | 2 | 1 | 3 |
2024 | 4 | 0 | 4 |
2023 | 2 | 0 | 2 |
2022 | 3 | 3 | 6 |
2021 | 3 | 3 | 6 |
2020 | 1 | 4 | 5 |
2019 | 5 | 1 | 6 |
2018 | 6 | 0 | 6 |
2017 | 5 | 0 | 5 |
Algebra Ventures' Investments by Stage
Algebra Ventures has made 17 investments in Seed stage with an average round size of $3.64M, 15 investments in Series A stage with an average round size of $3.96M, 1 investment in Series C stage with an average round size of $16M and 1 investment in Series D stage with an average round size of $120M.Stage of entry | No. of Investments |
|---|---|
Seed | 17 |
Series A | 15 |
Series C | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
Algebra Ventures' Investments by Sector
Algebra Ventures has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, FinTech, Retail and Financial Services. Notably, it has invested in 31 Tech companies, 20 Enterprise (B2B) companies, 19 Consumer (B2C) companies and at least 11 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 15 |
Enterprise Applications | 9 |
FinTech | 9 |
Retail | 7 |
Financial Services | 4 |
Others | 34 |
Note: We have considered here, only first round of investments
Algebra Ventures' Investments by Geography
Algebra Ventures has made most investments in Egypt (25), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
Egypt | 25 |
United States | 3 |
Jordan | 2 |
United Arab Emirates | 2 |
Kuwait | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Algebra Ventures' recent investments
Algebra Ventures has made 3 investments in 2026 so far. Synapse Analytics and Blnk are the latest among them.Here are the most recent investments by Algebra Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 14, 2026 | Egypt | Series A | 5020 | [+1] | |
Jun 08, 2026 | Egypt | Series A | 4213 | [+2] | |
Apr 15, 2026 | Nigeria | Series A | 6407 | [+6] | |
Jun 17, 2025 | - | Seed | 8658 | [+4] | |
May 19, 2025 | Egypt | Series A | 6750 |
IPOs and Publicly Listed companies in Algebra Ventures' Portfolio
1 of Algebra Ventures' portfolio company became public - MNT Halan. It got listed on the Egyptian Exchange (EGX), in Oct 2026.Here are Algebra Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 20, 2026 | Aug 2021 | Series D | 8010 |
Acquired companies in Algebra Ventures' Portfolio
5 companies from Algebra Ventures' portfolio have been acquired. The most recent acquisition was Little Thinking Minds in Apr 2025 by Seesaw for $*****.Here are Algebra Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 15, 2025 | Dec 09, 2018 | Series A | 3900 | |
Jan 08, 2024 | Jun 11, 2019 | Seed | 5706 | |
Jan 09, 2022 | Jul 09, 2018 | Seed | 4863 | |
Dec 18, 2021 | Sep 10, 2017 | Seed | 3521 | |
Jul 14, 2021 | Nov 16, 2017 | Series A | 8697 |
Team profile of Algebra Ventures
Algebra Ventures has a team of 8 members including 4 Partners located in Egypt and United States. Algebra Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Algebra Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Egypt | - | ||
Partner | New York City | - | ||
Partner | Egypt | - | ||
Partner | Egypt | - |
Co-investors of Algebra Ventures
Over the past 9 years, 191 investors have co-invested in Algebra Ventures's portfolio companies. This includes funds and angels.
- Invested before Algebra Ventures: Silicon Badia, 500 Global and 44 others have invested in rounds before Algebra Ventures. There are 2 companies where Silicon Badia has invested before Algebra Ventures and 2 companies where 500 Global has invested before Algebra Ventures.
- Top Co-investors of Algebra Ventures: 71 investors entered a company along with Algebra Ventures. These include investors like 500 Global (3 companies).
- Invested after Algebra Ventures: A total of 74 investors have invested in Algebra Ventures's portfolio after their investments. Top Investors include Vision Ventures (3 companies), Khwarizmi Ventures (3 companies) and IFC (2 companies).
Recent News related to Algebra Ventures
•
UAE's Synapse Analytics Raises $13M in Series A Funding to Drive AI-Powered Decisioning for FintechsTechMoran•Sep 15, 2026•Silicon Badia, Partech Partners, Algebra Ventures, Synapse Analytics and 1 other
•
Egyptian Fintech Blnk Raises $37 Million to Bring Credit to the UnbankedTech Labari•Jun 08, 2026•Algebra Ventures, Blnk, SANAD, Emirates International Investment and 5 others
•
Octane Secures $5.2M to Transform Fleet Payments Across MENAFintech Finance•Jun 17, 2025•octane-tech.io, Shorooq Partners, Algebra Ventures, ElSewedy Capital
•
Sylndr Secures $15.7M Series A Funding to Revolutionize Egypt's Used Car MarketIncubees•May 23, 2025•Sylndr, Development Partners International, Algebra Ventures, Nuwa Capital and 4 others
•
Sylndr Secures $15.7M to Expand Used Car Services in EgyptTechCrunch+•May 20, 2025•Sylndr, Algebra Ventures, Development Partners International
•
Sylndr Secures $15.7M Series A Funding to Digitize Egypt's Used-Car MarketTechpoint.Africa•May 20, 2025•Sylndr, Prosus, Algebra Ventures, Nuwa Capital and 1 other
•
Sylndr Raises $15.7M to Expand Mobility Ecosystem in Egypt’s Used-Car MarketInnovation-village•May 20, 2025•Sylndr, Development Partners International, Algebra Ventures, Nuwa Capital and 2 others
•
Enza raises $6.75m in Seed fundingFinTech Collective•Mar 28, 2025•Bar Enza, Algebra Ventures, Quona, enza and 1 other
•
•
Embedded payments startup enza raises $6.75 millionFinextra•Mar 24, 2025•Algebra Ventures, enza, Quona
