Karim Hussein joins Algebra Ventures as partner

MOVES- Algebra Ventures announced thatKarim Hussein has joined it as a partner. Hussein was previously senior VP of products and engineering at WebMD, founder of DKimia, and has also made a number of angel investments in Egypt and the US, including Shezlong, Simplex CNC Solutions, Integreight and Eonite Perception. Algebra Ventures is now led by partners Karim Hussein, Tarek Asaad, and Ziad Mokhtar, with Khaled Ismail as a senior strategic advisor to the fund. The fund, which recently concluded a USD 1.5 mn investment in Elmenus.com, “is backed by large institutional investors: the European Bank for Reconstruction and Development, the Egyptian-American Enterprise Fund (EAEF), Cisco and the International Finance Corporation (IFC).”