Others

Series A

Seed

Pre-Series A

Pre-Seed

Series B

Series C

PE Round

Levant

Africa

Cairo

Tarek Assaad

Karim Hussein

Ziad Mokhtar

Laila Hassan

Omar Khashaba

If you're ready to take your business to the next level with Algebra Ventures, we want to hear your pitch.

Investment in Startup

Algebra Ventures

Algebra Ventures is a venture capital fund that invests in early-stage technology companies.

MNT-Halan

Fintech

Financial Services

Digital Banking

MNT-Halan, a fintech ecosystem in Egypt, was formed through the acquisition of Halan by MNT Investment in June 2021. It offers various financial services, including Buy Now Pay Later, microfinance, and payments solutions that aims to bank the unbanked. Users can disburse, collect, and transfer money digitally through mobile applications.

Halan

Logistics & Storage

Halan is a ride-hailing application that provides two and three-wheeler vehicle rides and on-demand logistics.

Debt Financing

Trella

Transportation

Shipping

Marketplace

Trella is a b2b technology platform and trucking marketplace that connects shippers with carriers in the highly fragmented freight industry.

Brimore

E-Commerce

Social Commerce

Brimore is a social commerce platform connecting emerging brand owners with a network of resellers who market and sell their products using social media.

Khazna

A Financial Super App that offers easy to use, technology-driven  to Egypt’s underserved consumers and micro-businesses.

Yodawy

Healthcare

Yodawy is an online pharmacy marketplace and insurance benefits manager.

Lucky One

Apps

Lucky One is an app for credit products, offers and cashback rewards.

Giza

Cartona

Cartona is a B2B e-commerce marketplace that connects buyers and sellers across the supply chain.

elmenus

Foodtech

Elmenus is an online food discovery platform that provides its users with digitized restaurant menus from food carts to hotel restaurants.

Shift EV

Consumer Electronics

Shift EV is an electric mobility technology that develops electric vehicle batteries for commercial vehicles.

Dubai

Traveazy (Umrahme & Holidayme)

Travel

Tourism

Sylndr

Automotive focused e-commerce marketplace bringing innovation to the used-cars market.

Amman

POSRocket

Intelligent Systems

Traditional cash registers are a thing of the past. POSRocket modernizes this near-obsolete system by providing business owners with an intuitive, user-friendly, cloud-based point-of-sale (POS) platform.

Casablanca

YoLa Fresh

Agriculture

Agritech

Agribusiness

Food and Beverage

Supply Chain

Supply Chain Management

YoLa Fresh is on a mission to revolutionize the fresh produce game in Africa. We know that people here spend a ton of their money on food compared to other places, and we also know that small-scale farmers have a hard time making ends meet. But we're here to change that.

We're using cutting-edge tech and data to streamline the whole process of getting fruits and veggies from farms to your plate. By doing so, we're giving farmers and other players in the game more power and control than ever before. Plus, our supply chain is built to move thousands of tonnes of perishable goods every single day, in less than 24 hours.

Connect Money

Finance

Connect Money provides a white-label card that allows companies to give debit and credit cards to their clients without the requirement for a regulatory license.

GoodsMart

DXwand

DXwand is a technology & AI passionate team curious about transforming businesses with AI to be their growth partner.

Orcas

Education

Mtor

Automotive

Eventtus

Guides

Eventtus is an engagement platform to manage events, sell tickets and build an interactive event app in few minutes.

Grant

Little Thinking Minds

EdTech

Little Thinking Minds is an award winning Edtech company that creates arabic educational platforms.

Sakneen

Real Estate

Sakneen is building an online real estate platform that will make it easier for developers, agents, and individuals to buy and sell properties mainly homes.

Filkhedma

La Reina

Mozare3

Icommunity

Support & Management Services

Dsquares

Marketing/Sales

Lyve

IT & Communication

Proptech

Private Social Networking

Trella, a Cairo-based digital freight marketplace in the Middle East, North Africa and Pakistan (Menap), has closed a successful $42 million funding round, comprising $30 million new equity and $12 million debt facilities.

The equity element was led by Maersk Growth and Raed Ventures. Other participating investors include Algebra Ventures, Vision Ventures, Next Billion Ventures, Venture Souq, Foundation Ventures and Flexport. The debt facilities are being provided by Lendable - the next generation lending platform and other local financial institutions.

Founded in 2018, Trella is a technology platform ‘reinventing trucking’ across emerging markets, and has a current market presence in three countries; its home market - Egypt, Saudi Arabia and Pakistan. Its four co-founders include Omar Hagrass, Ali El Atrash, Pierre Saad and Muhammad El Garem.

Egypt's Trella raises $42 million in debt and equity

Trella, a b2b technology platform and trucking marketplace that connects shippers with carriers in the highly fragmented freight industry has raised $600k+ in a pre-seed funding round led by Algebra Ventures, with participation from strategic investors, global VCs, and notable angel investors including Esther Dyson and Jambu Palaniappan.

‘We’re thrilled to be leading this round,’ adds Karim Hussein, Algebra Ventures’ Managing Partner. ‘They’re a superstar team with proven execution ability. The large and highly fragmented freight market in Egypt is ripe for technological disruption. We are excited to be joined by a group of capable and experienced co-investors who will help accelerate Trella’s growth in the short run and support it in subsequent financings.’

Founded in 2018 by Omar Hagrass and Pierre Saad, Trella empowers drivers and reduces costs for shippers by improving load utilisation and efficiency, offering transparent pricing schedules, and enabling shipment tracking in real-time. The platform is addressing an enormous pain-point in a deeply fragmented industry plagued by asset under-utilisation and a lack of transparency, consistency, and reliability.

Trella’s CEO, Hagrass, is no stranger to the transport-tech space in the region, having served as Regional Manager, EMEA Launch and Expansion at Uber. Saad, CTO, was previously Software Architect & Technical Lead at Vezeeta. They are joined by Muhammad El Garem (previously Business Development Manager at OLX) as Head of Operations.

‘Building on the fantastic success of ride-hailing startups, we built a similar solution for the freight industry in the region to improve efficiency throughout the supply chain,’ says Hagrass. ‘The interest in our solution has been overwhelming, both from businesses who want to use our technology, and from truckers who are getting significantly more value and more consistent flow of business through our platform. We’re optimising truckers’ routes so they’re no longer driving empty.’

Jambu Palaniappan, former Head of Uber Eats – EMEA said he as incredibly excited to invest in Trella as part of their pre-seed funding round

‘The premise of bringing world class logistics technology to shippers and carriers across Egypt is a strong one, and the Trella team is extremely well equipped to achieve their ambitious goals. I look forward to supporting them along the way,’ Palaniappan said.

‘I love companies that make complex things simpler – but not too simple,’ says angel investor Esther Dyson, executive founder of Wellville. ‘Trella’s combination of Hagrass’ real-world logistics experience and Saad’s tech wizardry is perfect for the task of making the region’s trucking infrastructure more transparent and efficient.’

Cairo-based trucking marketplace Trella raises $600k pre-seed round led by Algebra Ventures

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 Ventures.

The funding round, which was closed earlier this year (it is not clear why it was then only announced by the startup and funders now), also includes existing shareholders and individual investors.

While Algebra Ventures public relations officer Noor Salama would not reveal the amount the company raised in funding, a report in March by Egyptian business publication Enterprise had it that the startup aimed to raise $2-million in a pre-Series A fundraising round and had already raised 75% of the amount.

It is not clear whether this round — which includes those that took part in the Series-A round was a round on its own, or whether it formed part of the Series-A round.

In a press release today Algebra Ventures said only that the funding round ran to several million dollars.

Halan was founded in 2017 by Mounir Nakhla and Ahmed Mohsen. The startup claims to have facilitated over 3 million rides since its launch.

According to a report yesterday by startup publication Menabytes, the startup has 70 employees, most of whom are based in the company’s Cairo office.

The startup intends to use the funding to expand to more cities and more countries, offer more services and to build better technology.

Algebra Ventures

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Algebra Ventures

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

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Top 3 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

About

Legal

Social Media

Portfolio Companies
or Investments