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Autostartup Mtor lands USD 2.8 mn in pre-seed round, Lychee closes series A
The pre-seed round was led by Egyptian venture capital firm Algebra Ventures
Surviving Nuclear Winter: What’s the state of funding in Egypt?
Uncertainty has created a challenging environment for firms looking for funding — and for those looking to deploy capital
Algebra Ventures nets USD 100 mn first close on second fund
Venture capital firm Algebra Ventures’ second fund has reached a USD 100 mn first close, surpassing the USD 90 mn…
VC funding for Egyptian startups is drying up
VC funding for startups dipped over the summer from the steady stream that has been typical of Planet Startup in…
Do Egyptian startups need to start tightening their belts?
Startups globally are being urged to cut spending. What’s the advice for Egyptian startups? The pandemic era startup gravy train…
FMO commits USD 10 mln to Algebra’s second tech fund
Dutch development bank FMO has pledged USD 10 mn to Algebra Ventures’ second tech fund, the bank and our friends…
Algebra lands USD 15 mn from IFC for new fund
The IFC has committed USD 15 mn to Algebra’s second tech fund: The International Finance Corporation (IFC) has confirmed that…
Meet Aly Eltayeb, CEO of the startup that wants to transform our streets — and help save the environment in the process
Electric mobility startup Shift EV has closed a total of USD 9 mn in funding, putting it on the road…
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