CUBIT VENTURES

Backing digital transformation in Egypt

We invest in inspiring founders who leverage local engineering talent helping them scale with our extensive global network

Analysing Data
 
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OUR STORY

Cubit Ventures is an early stage venture fund backing tech/SaaS startups driving digital transformation in Egypt.


We invest in inspiring founders who leverage local engineering talent, helping them scale with our extensive global network.

Cubit Ventures is capitalising on Egypt’s imminent economic ascent coupled with an accelerated digital adoption across all sectors.

Our strategic alliance with Founders institute and our extensive eco-system engagement ensures great deal flow, business acceleration, market access, and exit potential via our partners' huge network of VCs and portfolio companies.

Our unique active LP model brings our significant network of advisors and executives as invested stakeholders to our portfolio companies.

Cubit Ventures is well situated to drive tremendous economic value for its investors while making an outsize impact on Egypt.

 
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OUR PARTNER

Cubit Ventures has a strategic relationship with the Founder Institute, with access to the world's largest network of mentors and investors (14,000+), and a global network of 4000 companies ($20B portfolio value) across over 200 cities.

The Founder Institute (FI) is the world's largest pre-seed accelerator. Based in Silicon Valley and with chapters across 65 countries, the Founder Institute's mission is to empower communities of talented and motivated people to build impactful technology companies worldwide.

 

A UNIQUE MODEL

Cubit Ventures invests in Tech & SaaS startups driving current digital enterprise transformation in Egypt. Cubit Ventures unique active LP model brings our significant network of tech executives as invested stakeholders to our entrepreneurs.

We look at the world through the startup founder’s eyes and work really hard to influence the outcome.

 

THE STORY BEHIND OUR NAME

The ancient Egyptian royal cubit is the earliest attested standard measure.  

Mastering measurement was a key to the success of the ancient Egyptian empire. The power of measurement is that it created order out of chaos and allowed civilisation to flourish.  

/ˈkjuːbɪt/ 

 
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PAUL BRAGIEL

Co-founder & Senior Advisor

Paul is an entrepreneur turned globe trotting investor. He has 3 startups under his belt and has subsequently co-founded 6 funds across 4 continents. Through the multiple funds he helped create, Paul participated as an investor or advisor in the seed/series A rounds of 200+ companies. This includes holdings in billion-dollar companies like Uber, Stripe, Niantic (Pokemon Go), Unity, and Zappos. Paul supports with the fund strategy and portfolio companies' growth strategies.

He travels around the world to give lectures on venture capital and is an advisor to governments on their technology and entrepreneurship policy including Philippines, Singapore, Brazil and Tanzania.

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RAFEH SALEH

Co-founder & Managing Partner

An experienced executive, entrepreneur, and management consultant with triple-digit track record. 

Advised numerous companies of all sizes on growth, turnaround, and business restructuring strategies.  

Country Director at Founder Institute (FI) 

Board Member at Falak Startups 

Advisor at Loyal VC 

Former Managing Partner at CID Consulting; Egypt’s largest consulting firm

Former General Manager of NGS; later acquired by Citystars  

In addition to his roles with FI & Falak, Rafeh is a Judge with the Jack Ma Foundation Africa Netpreneur Prize Initiative (ANPI), MINT selection panelist, and mentor with EndeavorFlat6Labs and AUC V-lab, granting him early deal flow visibility.  

He mentored numerous startups from idea to seed funding stages.  

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TARIK TAMAN

Venture Partner

Former Managing Director, South Asia Middle East and Africa at Infor

Former Group Vice President EMEA at Oracle

Former CEO of Quantum Retail Technology Inc.

Taman's career includes eight years with Oracle Corporation, and Retek Inc. where he most recently served as group vice president, EMEA of the Retail Business Unit. Having been at the forefront of Oracle's vertical acquisition strategy, he successfully merged Retek, Profitlogic & 360 Commerce into Oracle while growing revenue by several hundred percent and building operational teams in over 20 countries. Prior to the acquisition of Retek by Oracle, he served as vice president of sales for EMEA, and vice president of sales, Americas. Previously, Taman also held a sales management position at Lawson Software.

Tarik Taman started his career nearly 30 years ago at a 5-person clinical software company in a hybrid technical & sales role, while helping grow the firm from less than 50 customers and $1M in revenue to 300+ customers and annual growth near 100%.

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HEBA ALI

Investment Committee Member

Egyptian/American VC, development economist, and business consultant. Investing in high-growth startups and leading impact-driven organizations that foster entrepreneurship ecosystems in emerging markets since 2007. 

Former Managing Director at Egypt Ventures

Former Partner at Endure Capital

Former Vice Chairwoman at Falak Startups

Former Entrepreneurship Advisor at Mercy Corps

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CON O'DONNELL

Investment Committee Member

Wayback: Began in editorial and content creation. 
-Founded a creative design agency in 1996 (Cairo).
-Published first 'magazine' "Little Vision" in 1996 (Cairo)
-Published "Nite Life" magazine in Cairo in 1998
-Founded Total Design boutique design agency and published Egypt's first pocket guide to entertainment and dining "The Croc"

2001 Co-founded Sarmady Communications (one of foremost digital media content and marketing companies in the country) and published:
FilGoal.com
FilFan.com
Mujaz.me
Contactcars.com
FilBalad.com
Mangam.com
Qabeela.com (defunct)

2011 Sold Sarmady to Vodafone

2012 Mentoring (lots of mentoring) for start-upsin Flat6Labs incubator/accelerator, competitors in Google Ebda2 (5/5 in last 20), and speed-mentoring initiatives supported by ECP.

 

TARGET CRITERIA

We look for

Great timing
Great complementary team
Offer a killer solution to existing problems
Achieved some product-market fit
Early traction with MoM growth in key metrics
Large growing market with ability to scale to a global level
Tech talent on core team

 

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