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Algebra Ventures, Egypt’s VC Firm Finalizes the First Close of its $100m Second Egypt-Dedicated Fund

Algebra Ventures

Algebra Ventures, Egypt’s VC Firm Finalizes the First Close of its $100m Second Egypt-Dedicated Fund

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 of its $90 million second fund in April. It was the follow-up to its first fund, which invested $54 million

FMO Invests $10m in Algebra Ventures’ Second Fund

Algebra Ventures

FMO Invests $10m in Algebra Ventures’ Second Fund

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 of H.E. Mr. Han-Maurits Schaapveld, the Dutch ambassador in Cairo. Algebra Ventures’ second fund, announced in April 2021, will