*Data updated daily at 18:00 EAT
The Algerian Startup Financing Fund has raised DA1 billion (USD 7.2 Mn) to fund startups in Algeria. The funding will be utilized to support the non-established startups, aiming to develop financial inclusion for a better mobilization of financial resources.
The fund was launched during the National Conference of Startups “Algeria Disrupt 2020”, and has been operating for a year. The funding is aimed at founders who have not yet created their startups.