Algebra Ventures, an Egyptian VC firm, announced the launch of its $90 million second fund, dedicated to investing in startups with a focus on Egypt with an allocation for the MEA region. Algebra Ventures is targeting a first closing in Q3 of 2021.

Four years into its first $54 million fund, Algebra has invested in 21 startups.

Grounded in its continued belief in Egyptian tech entrepreneurs, Algebra Ventures is doubling down on its home market, while still opportunistically inve...