Algebra Ventures Expands Footprint to Thriving Startup Ecosystem in Morocco
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Algebra Ventures, a prominent venture capital firm, is aiming to join Morocco's thriving startup ecosystem.
Founded in 2016, the firm entered the Egyptian market in a time when venture capital was scarce.
Algebra Ventures focuses on supporting bold and resilient entrepreneurs who are addressing global challenges in Egypt and Africa.
Their first $54 million fund, sourced from development finance institutions, invested in 21 companies, including some of Egypt's most successful startups.
The fund has also established connections with regional and global investors, highlighting Algebra's value beyond capital.
Algebra Ventures provides strategic support, focusing on the strength of the team that builds around startups.
The firm has co-invested with many of these investors, highlighting its value beyond capital.
Source: Jihane Rahhou / Morocco World News
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