Algebra Venture reaches financial close on US$100-million Egypt based fund

Algebra Ventures has reached financial close on its Egypt based US$100-million fund. The fund raising was supported by Limited Partners such as IFC, EBRD, EAEF, FMO, British International Investments, Egyptian Micro Small and Medium Enterprises Development Agency, the Dutch Good Growth Fund and other regional family offices.

Algebra Ventures is a well-known technology venture capital firm in Egypt that invests in core technology, e-commerce, fintech, industry marketplaces, business software and consumer internet companies. The firm has invested in companies such as Larena, Elmenus, Eventtus, Holidayme, Orcas and Brimore amongst others.

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