Algebra Ventures, Egypt and MENA-focused venture capital firm has announced the first close of its $100 million second fund.
This comes just months after the venture capitalist announced the launch
FMO, the Dutch entrepreneurial development bank, and Algebra Ventures, Egypt’s venture capital firm, have signed a $10 million commitment for the fund manager’s second fund in the presence
Sylndr, an Egyptian used automobile marketplace, has raised $12.6 million in a pre-seed round led by RAED Ventures, with participation from Algebra Ventures, Nuwa Capital, 1984 Ventures, Global Founders
Shift EV, an Egypt-based electric vehicle startup, has raised an undisclosed Series A round, led by the startup’s existing investors; Union Square Ventures, Algebra Ventures, Wamda, and was joined