{"id":624864,"date":"2018-09-20T04:12:38","date_gmt":"2018-09-20T04:12:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/algebra-ventures-looks-abroad-to-raise-usd-10-mn-by-year-end\/"},"modified":"2018-09-20T04:12:38","modified_gmt":"2018-09-20T04:12:38","slug":"algebra-ventures-looks-abroad-to-raise-usd-10-mn-by-year-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/algebra-ventures-looks-abroad-to-raise-usd-10-mn-by-year-end\/","title":{"rendered":"Algebra Ventures looks abroad to raise USD 10 mn by year-end"},"content":{"rendered":"<p><strong>Algebra Ventures is looking to raise USD 10 mn before the end of this year<\/strong>, founding partner Ziad Mokhtar said, according to <a href=\"https:\/\/almalnews.com\/Story\/390083\/11\/%C2%AB%D8%A7%D9%84%D8%AC%D8%A8%D8%B1%D8%A7-%D9%81%D9%8A%D9%86%D8%B4%D8%B1%D8%B2%C2%BB-%D9%8A%D9%8F%D9%81%D8%A7%D9%88%D8%B6-%D8%AC%D9%87%D8%A7%D8%AA-%D8%AF%D9%88%D9%84%D9%8A%D8%A9-%D9%84%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%B1%D8%A3%D8%B3%D9%85%D8%A7%D9%84%D9%87-10-%D9%85%D9%84%D8%A7%D9%8A%D9%8A%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\">Al Mal<\/a>, suggesting that the International Finance Corporation and the European Bank for Reconstruction and Development may be interested. The firm would look to deploy the funding through 2020, investing in 20-25 companies in the tech and financial services sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Algebra Ventures is looking to raise USD 10 mn before the end of this year, founding partner Ziad Mokhtar said, according to Al Mal, suggesting that the International Finance Corporation and the European Bank for Reconstruction and Development may be interested. The firm would look to deploy the funding through 2020, investing in 20-25 companies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624864","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"34254cdc-80bc-4c20-ab77-adea12dd4adc","order":"0","is_powered_by":true,"section_story_id":"d43dc7a0-147c-43fb-8006-3d49ad898483","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624853],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Algebra Ventures looks abroad to raise USD 10 mn by year-end - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/algebra-ventures-looks-abroad-to-raise-usd-10-mn-by-year-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Algebra Ventures looks abroad to raise USD 10 mn by year-end\" \/>\n<meta property=\"og:description\" content=\"Algebra Ventures is looking to raise USD 10 mn before the end of this year, founding partner Ziad Mokhtar said, according to Al Mal, suggesting that the International Finance Corporation and the European Bank for Reconstruction and Development may be interested. The firm would look to deploy the funding through 2020, investing in 20-25 companies [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/algebra-ventures-looks-abroad-to-raise-usd-10-mn-by-year-end\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-20T04:12:38+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/algebra-ventures-looks-abroad-to-raise-usd-10-mn-by-year-end\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/algebra-ventures-looks-abroad-to-raise-usd-10-mn-by-year-end\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Algebra Ventures looks abroad to raise USD 10 mn by year-end\",\"datePublished\":\"2018-09-20T04:12:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/algebra-ventures-looks-abroad-to-raise-usd-10-mn-by-year-end\/\"},\"wordCount\":70,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/algebra-ventures-looks-abroad-to-raise-usd-10-mn-by-year-end\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/algebra-ventures-looks-abroad-to-raise-usd-10-mn-by-year-end\/\",\"name\":\"Algebra Ventures looks abroad to raise USD 10 mn by year-end - 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The remaining\u2026","rel":"","context":"In &quot;SPEED ROUND: INVESTMENT WATCH&quot;","block_context":{"text":"SPEED ROUND: INVESTMENT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635407,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/algebra-ventures-to-raise-investments-in-egyptian-companies-to-usd-15-mn-in-2018\/","url_meta":{"origin":624864,"position":1},"title":"Algebra Ventures to raise investments in Egyptian companies to USD 15 mn in 2018","author":"enterpriseam admin","date":"4 December 2017","format":false,"excerpt":"INVESTMENT WATCH- Algebra Ventures will continue to invest in Egyptian startups in the new year with a target of having deployed a total of USD 15 mn between inception and the end of 2018, founding partner Ziad Mokhtar tells Al Mal. Mokhtar adds that the company will continue to invest\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568796,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/egyptian-food-tech-startup-elmenus-raises-usd-8-mn-in-series-b-round\/","url_meta":{"origin":624864,"position":2},"title":"Egyptian food-tech startup Elmenus raises USD 8 mn in series B round","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"STARTUP WATCH- Elmenus raises USD 8 mn in Algebra, Global Ventures-led series B funding round: Cairo-based food-tech startup Elmenus has raised USD 8 mn in a series B funding round led by our friends at Algebra Ventures and UAE-based venture capital fund Global Ventures, according to an emailed statement (pdf).\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571447,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/brimore-raises-usd-3-5-mn-in-pre-series-a-investment\/","url_meta":{"origin":624864,"position":3},"title":"Brimore raises USD 3.5 mn in pre-series A investment","author":"enterpriseam admin","date":"12 May 2020","format":false,"excerpt":"STARTUP WATCH- Cairo-based social commerce platform Brimore has raised USD 3.5 mn in a pre-series A funding round led by Algebra Ventures, the company announced in a statement to Enterprise (pdf). Flat6Labs, Disruptech, Vision Ventures and 500 Startups also participated in the round. The investment comes a year after the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626671,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/algebra-ventures-leads-usd-1-5-mn-funding-round-for-jordans-posrocket\/","url_meta":{"origin":624864,"position":4},"title":"Algebra Ventures leads USD 1.5 mn funding round for Jordan\u2019s POSRocket","author":"enterpriseam admin","date":"9 July 2018","format":false,"excerpt":"INVESTMENT WATCH- Algebra Ventures leads USD 1.5 mn funding round for Jordan\u2019s POSRocket: Egypt\u2019s Algebra Ventures led a USD 1.5 mn second round of funding for Jordan-based startup POSRocket, according to a press release on Monday (pdf). 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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\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=624864"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624864\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/624853"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=624864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=624864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=624864"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=624864"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=624864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}