Tarek AssaadManaging Partner at Algebra Ventures Tarek Assaad is Managing Partner at Algebra Ventures, Egypt’s leading VC fund. Tarek is also Managing Partner at Ideavelopers where he has been managing $50 milion of VC investments since 2009, including some of Egypt’s most prominent technology startups. Tarek is a director of Smart Card Applications, SiWare and IdealRatings. In this role, he was also responsible for the investment in Fawry, the leading bill payment and presentment company in Egypt, which realized a $100 million exit in 2015. Tarek started his career as an engineer at Lucent Technologies then as a software developer for SAQQARA Systems, an internet startup in Silicon Valley. He later became General Manager of CID Consulting where he led the company’s high growth, helping it to become one of the leading local consulting firms in Egypt. Tarek holds a B.Sc. in Electronics and Communication Engineering from Ain Shams University in Cairo and an MBA from Stanford Graduate School of Business.
Two thousand and twenty has been, to put it mildly, an eventful year for VC investing in Egypt. COVID-19 has...