PROJECT

Projects

Summary of Investment Information

Project Number

37639

Company Name

ALGEBRA VENTURES I COOPERATIEF U.A.

Date SPI Disclosed

Jun 2, 2016

Country

Egypt, Arab Republic of

Region

Africa

Projected Board Date

Jul 28, 2016

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Dec 21, 2023

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jul 28, 2016
Signed : Sep 30, 2016
Invested : Jan 4, 2017

Sector

Venture Capital Fund

Project Description

 The proposed project consists of an equity investment of up to US$10 million (not to exceed 20% of total capital commitments) in Algebra Ventures Fund Coop A.V. (the “Fund”, or “Algebra”). The Fund will be incorporated as a closed-end venture capital fund in the Netherlands with an expected final size of US$50 million. Algebra will make investments in technology and technology-enabled startups mainly in Egypt and in other countries in the Middle East and North Africa (“MENA) region (the “Target Region”).                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation