IFC Invests $15M in 'Algebra Ventures' to support Egyptian tech startups

Mon, 11 Apr 2022 - 02:28 GMT

The IFC's $15 million investment in Algebra Fund II will help support the growth of roughly 20 technology startups, primarily in Egypt but also in Africa more broadly, the IFC said in a press release.

Algebra Ventures launches $90M fund to invest in startups in Egypt

Wed, 07 Apr 2021 - 01:19 GMT

Algebra Ventures will aim to complete the first closure in the third quarter of 2021.