Business & Technology

“Egypt Is a Story in the Making”: Algebra Ventures’ Tarek Assaad on the Startup Scene

“Egypt Is a Story in the Making”: Algebra Ventures’ Tarek Assaad on the Startup Scene


The third episode of the International Finance Corporation‘s series ‘#IFCinConversation’ features the Managing Partner of Algebra Ventures, Tarek Assaad.

Algebra Ventures, Egypt’s leading venture capital fund, has backed some of Egypt’s most successful technology startups such as ElMenus, Trella, and more. Their aim is to boost Egypt’s startup ecosystem which already provides fertile ground for technological changemakers.

“In Egypt, by any metric that you look at, the growth of the ecosystem of entrepreneurship has been phenomenal. However, it’s still a story in the making,” says Tarek Assaad about Egypt’s promising entrepreneurial landscape.

Find out more about Algebra Ventures and Assaad’s thoughts on nurturing and empowering the local startup scene by watching the full episode embedded above.

Watch the first episode of the ‘#IFCinConversation’ series, featuring Yodawy app, by clicking here. Watch the second episode, featuring Hassan Allam Utilities, here.

Subscribe to the Egyptian Streets’ weekly newsletter! Catch up on the latest news, arts & culture headlines, exclusive features and more stories that matter, delivered straight to your inbox by clicking here.

Exploring the History of the Egyptian Burger: Hawawshi
Soju: Silver Egyptian Jewelry Inspired by All Things Nature

Subscribe to our newsletter


More in Business & Technology

From Real Estate to Banking: 4 Ways to Invest in Egypt

Marina Makary30 June 2022

Egypt to Introduce Apple Pay and Samsung Pay: Central Bank of Egypt

Mona Abdou29 June 2022

Aevapay: Stepping Up Mobile Payment Solutions in Egypt

Marina Makary28 June 2022

Price Hikes and Marriage Delays: Egyptian Youth Struggle to get Married Amid Economic Crisis

Marina Makary26 June 2022

The Light Rail Transit System: An Upgrade to Egypt’s Transportation Infrastructure

Marina Makary23 June 2022

Egypt Has an Internet Issue, NileSat 301 Plans to Fix That

Shereif Barakat20 June 2022

Where Does Egypt Stand in the Global Wound Care Industry?

Marina Makary9 June 2022

World Bank Expects This Year’s Egyptian Economy to Grow 6.1%

Marina Makary8 June 2022