Algebra has backed numerous exceptional businesses and category leaders, including Trella, Khazna, Mozare3, Shift EV, Elmenus, Halan, and Yodawy — all transformative companies with positive impact.
The IFC’s $15m investment in Algebra Fund II will help support the growth of roughly 20 tech start-ups primarily in Egypt but also in Africa more broadly. The fund, which has a target size of $90m, will have a special focus on women-led businesses and those serving rural communities.
Retail distribution platform connects manufacturers with consumers all over Egypt
Algebra Ventures, Egypt’s leading venture capital fund, in partnership with Ezdehar Management, announced Tuesday their investment in Dsquares, the fastest growing loyalty solutions provider in the Middle East and Africa. Algebra’s strategic investment comes ahead of Dsquares’ launch of its b2c consumer-tech product, the Lucky Discounts App. “We’re pleased to partner with Algebra Ventures, a …
Founders aim to reinvent trucking industry through reducing costs for shippers, improving load utilisation, efficiency
Start-up managed to grow its business three-fold in last 6 months, plans to use investment to further scale its business
La Reina, Egypt’s first online platform for rental couture, announced receiving $1m in a series A funding round, led by Egypt’s largest venture capital fund, Algebra Ventures, with participation from the global VC fund, 500 Startups. For her part, the co-founder of La Reina, Ghada El Tanawy, said that La Reina aims to grow its current …
Prior to the Algebra investment, Elmenus had raised only $60,000 in outside funding
Khalil Hassan Khalil, board member in the Federation of Egyptian Chambers of Commerce (FEDCOC) and head of its General Division of the Digital and Electronic Economy, held a joint meeting with the leaders of risk investment fund “Algebra Ventures” and the six Egyptian companies that took part in the CES exhibition in Las Vegas in …
Egypt has two advantages: the availability of talents and the market’s big size, says Assaad
The fund works to reduce the financing gap of start-ups, says Asaad
The IFC’s support to Egypt from 2011 until 2016 is estimated at EGP 1.5bn, says minister
The Egyptian-American Enterprise Fund (EAEF) announced on Wednesday that it invested $10m in a newly-launched venture capital fund, Algebra Ventures, which is expected to support between 20 to 25 start-ups with investments in the range of $0.5m to $4m. Algebra Ventures said in a statement that it seeks to back entrepreneurial teams with the vision …
Investment ranges between $500,000 to $2m
