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La Reina raises $1m from Algebra Ventures, 500 Startups

La Reina, Egypt’s first online platform for rental couture, announced receiving $1m in a series A funding round, led by Egypt’s largest venture capital fund, Algebra Ventures, with participation from the global VC fund, 500 Startups. For her part, the co-founder of La Reina, Ghada El Tanawy, said that La Reina aims to grow its current …

Daily News Egypt

EAEF announces $10m investment in VC fund Algebra Ventures

The Egyptian-American Enterprise Fund (EAEF) announced on Wednesday that it invested $10m in a newly-launched venture capital fund, Algebra Ventures, which is expected to support between 20 to 25 start-ups with investments in the range of $0.5m to $4m. Algebra Ventures said in a statement that it seeks to back entrepreneurial teams with the vision …

Daily News Egypt

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