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

What Did Egyptians Stop Buying Because of Overpricing?

Marina Makary3 November 2022

Why Did Egyptian Banks Regulate Spending Abroad?

Marina Makary2 November 2022

Egyptian Money-Pooling Startup ‘Money Fellows’ Raises $31 Million in Funding

Shereif Barakat31 October 2022

How an Egyptian Startup Became the Leading Esports Platform in the Middle East

Marina Makary25 October 2022

Meet the Egyptians on the 2022 Forbes Middle East 30 Under 30 List

Shereif Barakat8 October 2022

Ramses: The Car That Symbolized Egypt’s Industrial Revolution

Shereif Barakat5 October 2022

5 Tech Innovations Waiting to Take Off in Egypt

Shereif Barakat4 October 2022

This Egyptian App Introduces Co-Ownership to Face Soaring Vacation Home Prices

Shereif Barakat3 October 2022