{"id":626671,"date":"2018-07-09T04:19:51","date_gmt":"2018-07-09T04:19:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/algebra-ventures-leads-usd-1-5-mn-funding-round-for-jordans-posrocket\/"},"modified":"2018-07-09T04:19:51","modified_gmt":"2018-07-09T04:19:51","slug":"algebra-ventures-leads-usd-1-5-mn-funding-round-for-jordans-posrocket","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/algebra-ventures-leads-usd-1-5-mn-funding-round-for-jordans-posrocket\/","title":{"rendered":"Algebra Ventures leads USD 1.5 mn funding round for Jordan\u2019s POSRocket"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- <\/strong>Algebra Ventures<\/strong><\/a> leads USD 1.5 mn funding round for Jordan\u2019s POSRocket:<\/strong> Egypt\u2019s Algebra Ventures led a USD 1.5 mn second round of funding for Jordan-based startup POSRocket<\/a>, according to a press release on Monday (pdf)<\/a>. KISP Ventures, Arzan VC, Financial Horizon Group, and two other angel investors also participated in the funding round. The startup, which develops cloud-based POS software for restaurants and retailers, operates in Egypt and Jordan and closed an earlier initial funding round with Jabbar Internet Group and Jordan-based accelerator Propellor Inc. The company plans to use the proceeds from the latest round to continue its MENA-wide expansion. \u201cThis round is all about leverage and scale,\u201d says founder & CEO Zeid Husban. Algebra is a USD 50 mn Cairo-based VC fund<\/strong> that has invested in early-stage tech companies including Eventtus, Elmenus, GoodsMart, La Reina, and Filkhedma.<\/p>\n","protected":false},"excerpt":{"rendered":"

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). KISP Ventures, Arzan VC, Financial Horizon Group, and two other angel investors also participated in the funding round. […]<\/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-626671","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4fa1933f-4163-4bbd-84cb-531a21fd0e8e","order":"0","is_powered_by":true,"section_story_id":"d57a8cd0-8f7c-44ef-a7b1-252967387f36","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626660],"teaser":"","voice_url":""},"yoast_head":"\nAlgebra Ventures leads USD 1.5 mn funding round for Jordan\u2019s POSRocket - 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\/07\/09\/algebra-ventures-leads-usd-1-5-mn-funding-round-for-jordans-posrocket\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Algebra Ventures leads USD 1.5 mn funding round for Jordan\u2019s POSRocket\" \/>\n<meta property=\"og:description\" content=\"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). KISP Ventures, Arzan VC, Financial Horizon Group, and two other angel investors also participated in the funding round. 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Accion Venture Lab, which had recently secured USD 33 mn in funds\u2026","rel":"","context":"In "Speed Round"","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":621951,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/algebra-ventures-joins-usd-16-mn-series-c-funding-for-the-uaes-holidayme\/","url_meta":{"origin":626671,"position":4},"title":"Algebra Ventures joins USD 16 mn series \u2018C\u2019 funding for the UAE\u2019s HolidayMe","author":"enterpriseam admin","date":"22 November 2018","format":false,"excerpt":"INVESTMENT WATCH- Algebra Ventures joins USD 16 mn series \u2018C\u2019 funding for the UAE\u2019s HolidayMe: Our friends at Algebra Ventures joined a USD 16 mn series \u2018C\u2019 funding round for Dubai-based HolidayMe, the firm said in a statement (pdf). Algebra invested alongside Gobi Partners, Accel Partners, and Global Ventures. Four-year-old\u2026","rel":"","context":"In "Speed Round"","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":626671,"position":5},"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. 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