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  • Writer's pictureKelly Alica Liman

Top 12 Venture Capitalist Funds (VCs) in Algeria

Algeria, a country rich in natural resources and cultural heritage, is emerging as a promising hub for startups in North Africa. The startup ecosystem in Algeria is fueled by a combination of factors, including a supportive government, a growing middle class, and the availability of venture capital funding. In this article, we have compiled a comprehensive list of top Venture Capitalist Funds (VCs) in Algeria that can provide you with the capital and support to help you succeed!






Find VCs and Angel Investors in Algeria
Find VCs and Angel Investors in Algeria

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Why Should You Raise Funds in Algeria?


Startups should consider raising funds in Algeria for the following reasons:


1. Strategic Geographical Location:


As the largest country in Africa, Algeria serves as a gateway to both the African and Mediterranean markets. Its strategic location offers startups the potential for regional expansion and access to a wider customer base. Furthermore, Algeria's membership in the African Union and its trade agreements with neighboring countries provide additional business opportunities.



2. Untapped Market Potential:


With a population of over 42 million people, Algeria presents a significant untapped market for startups. There is a growing middle class with increasing purchasing power, creating opportunities for startups to address local consumer needs and preferences. Additionally, Algeria's young and tech-savvy population, with a high internet penetration rate, offers a large consumer base and market demand for innovative products and services.



3. Growing Startup Ecosystem:


Algeria's startup ecosystem is rapidly growing, with a surge in entrepreneurial activity and government support for innovation. The country has witnessed the emergence of numerous tech hubs as well as startup incubators and accelerators, providing startups with access to mentorship, resources, and networking opportunities.





Venture Capitalist Funds in Algeria


The venture capital firms below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.



  • Year of Inception: 2021

  • Stage: Seed

  • Focus: Technology

  • Notable Portfolio: BRKZ, Thndr, DXwand, Huup, Kleen

  • Contact


Plus Ventures Capital is a multi-stage investment firm that specializes in early-stage growth technology companies with a strong focus on the MENA region and its diaspora. With over 200 transactions under their belt, Plus Venture Capital is an experienced investor in the region. They have a founder-focused approach and aim to help startups grow by offering support and taking on an early leadership role.



  • Year of Inception: 2013

  • Stage: Seed, Series A

  • Focus: Fintech, Enterprise Software, Mobility, HealthTech, FoodTech, Digital Media

  • Notable Portfolio: Aspire, Circa5000, Cyble, FlexxPay, Lucidya

  • Contact


VentureSouq is a prominent venture capital fund manager based in the MENA region with a global portfolio. Known for its thematic funds, VentureSouq focuses on investing in various sectors, including fintech, climate tech, and global seed industries.





  • Year of Inception: 2017

  • Stage: Seed, Series A

  • Focus: Food Tech, E-commerce, SaaS, Mobile & Wearables, Travel & Hospitality, Artificial Intelligence, Supply Chain & Logistics, Marketplaces, Business Cloud

  • Notable Portfolio: -

  • Contact

RelativelyFund is an innovative venture capital firm with a founder-centric approach. RelativelyFund aims to provide strategic guidance, financial backing, and operational support to help startups grow and succeed. One of the key strengths of RelativelyFund is its multi-stage investment strategy. They are actively involved in the entire lifecycle of a startup, from seed funding to later-stage rounds. This allows them to establish long-term partnerships with founders and provide ongoing support at different stages of growth.



  • Year of Inception: 2020

  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Notable Portfolio: -

  • Contact


NASTATHMIR is a London-based venture fund that was created with the mission to invest in Algerian talent and address the high unemployment rates and brain drain issues in Algeria. With a belief in the strong talent pool in Algeria, NASTATHMIR focuses on providing funding and mentoring support to early-stage startup founders in Algeria or those looking to establish a presence in the country.





  • Year of Inception: 2018

  • Stage: Seed, Series A

  • Focus: Sector Agnostic

  • Notable Portfolio: POSRocket, Yalla, Moonshot, RemotePass

  • Contact

Khwarizmi Ventures is a Saudi-based venture capital fund manager that focuses on investing in early-stage startups in the MENA region. Khwarizmi Ventures operates as the corporate venture capital arm of Kadi Group Holding and Almoujil Group Holding. They take an entrepreneur-centric approach and aims to be the preferred partner for startups in the region.



  • Year of Inception: 2019

  • Stage: Seed, Series A

  • Focus: Technology

  • Notable Portfolio: Bulkwhiz, Paynas, Arrow Labs, Dapi, Wakecap

  • Contact

Venture MENA is a dedicated venture capital fund that focuses on sourcing and investing in early-stage technology startups in the MENA region. Founded in 2019 and based in Abu Dhabi, United Arab Emirates, they provide crucial funding and support to innovative companies. As an investor, Venture MENA takes a hands-on approach, engaging with portfolio companies to provide not just capital but also access to a vast network of industry connections.





  • Year of Inception: 2021

  • Stage: Seed, Series A

  • Focus: Technology

  • Notable Portfolio: Kyshi, Pattern, Spark, Swag Kicks

  • Contact


Roselake Ventures is an early-stage venture fund that focuses on investing in technology companies across Africa and other emerging markets. With a strong emphasis on supporting startups in the African market, Roselake Ventures provides capital, operating expertise, and valuable networks to help these companies thrive.



  • Year of Inception: 2013

  • Stage: Seed, Series A

  • Focus: Technology

  • Notable Portfolio: Money Fellows, Nearpay, FlexxPay, Trukker, Armada

  • Contact


Arzan Venture Capital is a pioneering private venture capital firm based in Kuwait and operating in the MENA region. With a focus on young, fast-growing, and innovative tech teams, ArzanVC has established itself as one of the most active VCs in the region. With a forward-thinking approach, ArzanVC identifies and supports promising startups, providing them with the necessary capital, strategic guidance, and operational insights to thrive in the competitive market.




  • Year of Inception: 1994

  • Stage: Seed, Series A, Series B, Series C

  • Focus: Logistics, eCommerce, EdTech, FinTech, Mobility, HealthTech, Energy, AgTech

  • Notable Portfolio: Aerobotics, Heetch, Migo, Boomplay, Palmplay

  • Contact


The Cathay AfricInvest Innovation Fund (CAIF) is a Pan-African venture capital fund established as a joint partnership between AfricInvest and Cathay Innovation. The fund aims to bridge the gap between Africa and leading global innovation ecosystems. With a target size of EUR 120 million, CAIF focuses on investing in early to growth-stage startups in Africa that offer innovative and inclusive solutions in sectors such as logistics, e-commerce, edtech, fintech, mobility, healthtech, energy, and agtech.



  • Year of Inception: 2017

  • Stage: Seed, Series A, Series B, Series C

  • Focus: Technology

  • Notable Portfolio: Triple-A, DHARMA, Virtualness, The Food Lab

  • Contact


Shorooq Partners is a renowned venture capital firm based in the United Arab Emirates. With a strategic focus on investing in early-stage technology startups in the MENA region, Shorooq Partners plays a vital role in fostering innovation and entrepreneurship. Beyond financial support, Shorooq Partners leverages its extensive network of strategic partners, industry experts, and potential customers to open doors and create valuable opportunities for its portfolio companies.




  • Year of Inception: 2014

  • Stage: Seed, Series A, Series B, Series C

  • Focus: Technology

  • Notable Portfolio: Careem, BitOasis, Tarfin, Aqarmap, Carma

  • Contact


Wamda Capital is the leading venture capital firm in the MENA region, dedicated to investing in exceptional entrepreneurs. As an arm of the organization Wamda, which supports entrepreneurship in the MENA region, Wamda Capital plays a crucial role in fostering innovation and driving economic growth. With a strong focus on technology startups, Wamda Capital identifies and invests in high-growth companies that have the potential to disrupt industries and create lasting impact.



  • Year of Inception: 2012

  • Stage: Series A, Series B, Series C, Series D

  • Focus: Agriculture, Education & Talent, Enterprise Software & Services, FinTech, Food & Beverage, Healthcare, Retail & Consumer Tech, Smart City

  • Notable Portfolio: Carro, Carsome, eFishery, Habyt, Mercado Bitcoin

  • Contact


Endeavor Catalyst Fund is a venture capital fund managed by Endeavor, a global organization that supports high-impact entrepreneurs. The fund focuses on investing in companies led by Endeavor Entrepreneurs, who are selected by Endeavor for their potential to drive economic growth and job creation.





Closing Thoughts on Venture Capitalist Funds in Algeria


Overall, Algeria presents compelling reasons for startups to consider raising funds. Its growing startup ecosystem, untapped market potential, favorable regulatory environment, strategic geographical location, and abundance of natural resources make it an attractive destination for fundraising and business expansion.


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