{"id":325832,"date":"2022-07-21T12:41:10","date_gmt":"2022-07-21T12:41:10","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=325832"},"modified":"2022-07-21T12:41:10","modified_gmt":"2022-07-21T12:41:10","slug":"dutch-fmo-commits-usd-10-mln-to-algebras-second-tech-fund","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/07\/21\/dutch-fmo-commits-usd-10-mln-to-algebras-second-tech-fund\/","title":{"rendered":"Dutch FMO commits USD 10 mln to Algebra\u2019s second tech fund"},"content":{"rendered":"<p>FMO, the Dutch entrepreneurial development bank, has signed a $10 million commitment to the second fund of\u00a0Algebra Ventures, an\u00a0Egyptian venture capital company.<\/p>\n<p>The money is coming from FMO\u2019s EUR 200 mn investment program, which is co-financed by the Dutch foreign ministry and the European Commission.<\/p>\n<p><strong>Algebra Ventures II: <\/strong>Launched in April 2021, the fund will focus on Egyptian startups \u201cwith an allocation for the wider Middle East and Africa region,\u201d according to Algebra\u2019s statement. It will pursue early-stage investment opportunities, particularly in fintech, agritech, edutech, logistics, e-commerce and healthcare. Algebra has said the fund will eventually be worth USD 90 mn.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FMO, the Dutch entrepreneurial development bank, has signed a $10 million commitment to the second fund of Algebra Ventures, an Egyptian venture capital company.<\/p>\n","protected":false},"author":2,"featured_media":325237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,33],"tags":[],"class_list":["post-325832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-products","category-main"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dutch FMO commits USD 10 mln to Algebra\u2019s second tech fund - egy-africa<\/title>\n<meta name=\"description\" content=\"FMO, the Dutch entrepreneurial development bank, has signed a $10 million commitment to the second fund of Algebra Ventures, an Egyptian venture capital company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2022\/07\/21\/dutch-fmo-commits-usd-10-mln-to-algebras-second-tech-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dutch FMO commits USD 10 mln to Algebra\u2019s second tech fund - 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