Algebra Ventures, a Cairo, Egypt-based venture capital firm, held the first close of its fund focused on backing technology startups, at $40m.
Instabug, an Egyptian startup providing a mobile app bug reporting platform, raised $1.7m in seed funding.
dopay, a London, UK-based provider of a payroll and cash management service for companies, secured $2m in seed funding. Backers included ACE & Company, Techstars Ventures and a syndicate of angel investors. The company intends to use the funds to launch its services in Egypt and expand into new markets in the Middle East, Africa […]