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Thursday, 20 September 2018

Algebra Ventures looks abroad to raise USD 10 mn by year-end

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 in the tech and financial services sectors.

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