Averroes Ventures
236 South of the Academy A The First Settlement, New Cairo, Al Qahirah, Egypt
Overview
Averroes Ventures helps and invests in entrepreneurial teams seeking to transform big ideas into game-changing companies. Averroes Ventures' team possesses years of combined experience in global business operation and management across a multitude of sectors to help achieve visions.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 1
- Active investors
- 1
Sector focus
- Business Development
- Finance
- Venture Capital
Investment portfolio
- ILLA
Participated · Seed · Aug 2026
Founded in 2019, ILLA provides delivery and logistics solutions across Egypt, operating in 24 governorates. The company serves both corporates and SMEs, with notable clients including Coca-Cola, P&G, Nestle and Pepsico. ILLA has been described as a trailblazer in logistics solutions for the FMCG sector and is noted for its diverse team and market expertise. The startup received follow-on support from Flat6LabsCairo and has now closed a $500,000 seed round with participation from Averroes VC, AUC Angels and regional strategic angels. Reporting highlights that ILLA’s positioning and operations have gained attention amid shifts in Egypt’s logistics landscape during the pandemic. Specific future plans and detailed financial metrics were not disclosed in the articles.
- Khazenly
Participated · Seed · Jun 2022
Khazenly provides an on-demand digital warehousing and fulfillment management platform offering an omnichannel solution for merchants selling B2C, B2B, via marketplaces or cross-border. The product set includes AI and big-data driven forecasting and stocking recommendations, plus services such as cross-docking, transportation, delivery and cash collection. The company operates an asset-light model, partnering with over 100 last-mile companies rather than owning warehouses or vehicles. Khazenly supports merchants in over 16,000 self-service activities and reports GMV in the eight figures. Founded in mid-2021 and bootstrapped to a soft launch, the team includes executives with backgrounds at IBM, Huawei, DB Schenker, Uber and Amazon. The company plans to expand its portfolio of data-driven products (including mobile dark stores), quadruple its facilities and pursue geographic expansion.
Team
Dr. Ahmed A. Alsharif
Founding Partner & CEO
LinkedIn