Oct 4, 2022
Egyptian venture capital firm Algebra Ventures hits first close of second fund at $100M
Egyptian venture capital firm Algebra Ventures hits first close of second fund at $100M
Last April, Egyptian and MENA-focused venture capital firm Algebra Ventures announced the launch of its $90 million second fund. It was the sequel to its first: a $54 million fund invested in 21 startups across Egypt and the Middle East. While Algebra Ventures predicted it would reach its first close in Q3 2021, the firm had to wait an entire year to achieve that. However, the lag afforded…
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