Algebra Ventures
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Funding
Egyptian VC Firm, Algebra Ventures Completes First Close of Second Fund at $100m
Algebra Ventures, Egypt’s leading venture capital firm, has completed a $100 million first close of its second Egypt-focused fund, exceeding…
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Funding
Online Used-Car Retailer Sylndr Has Raised $12.6M For It’s Pre-seed Round Led By RAED Ventures, With Participation From Algebra Ventures, Nuwa Capital, 1984 Ventures, Global Founders Capital, and Others
Sylndr, an Egypt-based online marketplace for used cars, has raised a $12.6 million pre-Seed round, led by RAED Ventures, with…
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Funding
Union Square Ventures Leds Egyptian Electric Mobility startup Shift EV’s Series A Funding Round
Founded in 2020 by Aly El Tayeb and Amr Helmy, Shift EV converts existing fuel-run vehicles into electric ones utilising its in-house…
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Fintech
Egyptian fintech startup, MNT-Halan, secures $120mn to scale its operations
Egyptian fintech startup, MNT-Halan, announced today a US$120 million investment from Apis Growth Fund II, Development Partners International (DPI), and…
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Egypt’s grocery delivery platform, GoodsMart, lands $3.6mn
Cairo-based grocery delivery platform GoodsMart has secured $3.6 million in fresh funds in a round led by Sawari Ventures, it…
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Egyptian E-health startup, Yodawy, secures US$7.5mn Series B funding
Yodawy, an e-health startup, has raised a US$7.5mn Series B funding round led by Middle East Venture Partners (MEVP), Global…
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Egyptian proptech Sakneen raises a $1.1m seed funding round from a group of investors to help it continue to grow & expand
Cairo-based real estate startup Sakneen, has raised $1.1M in a Seed funding round, led by Algebra Ventures with participation from Sarwa…
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Business
Egypt’s Dsquares Secures New Funding For Expansion Outside Egypt
Algebra Ventures’ portfolio company Dsquares, which provides businesses with unique full-service loyalty and rewards solutions aimed at keeping customers loyal,…
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