Algebra Ventures Launches USD 90 Mn Second Fund For Egypt Startups

Egypt’s venture capital firm, Algebra Ventures, announced the launch of its second investment fund. The USD 90 Mn fund will support startups in Egypt with an allocation of the MEA region.

Algebra Ventures is one of the leading technology VC firms in Egypt and the largest Series A investor in the country. This new fund will continue to boost investment in fintech, logistics, health tech, and agri-tech, among other technology sectors.