Venture capital fund Algebra Ventures is putting USD 9 mn into technology startups, according to AMAY. Executive Director Ziad Mokhtar said USD 3 mn is earmarked for software and software development, while USD 1.5 mn has been committed to our friends at online ordering service El Menus and a stake in a home maintenance business. A further USD 3 mn will flow into firms working on AI and fintech.

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