Investment funds in local SMEs - transaction - Algebra Ventures Fund II - Egypt

Algebra Ventures II (AV II) is targeting early-stage investments in technology start-ups based predominantly in Egypt (80%) and SSA & MENA (20%). Their investment thesis is based on the firm’s belief in the power of technology in solving development issues in upcoming markets. DGGF's equity investment in AV II will have a total worth of USD 10 million.