Algebra Ventures is the largest Egyptian venture capital (VC) fund founded in 2016 by some of the most experienced VC investors in Egypt. Algebra Ventures aims to help the next generation of innovators and entrepreneurs build unique, scalable market leaders and develop the growing Egyptian entrepreneurship ecosystem. The fund works actively with different ecosystem players including angel investors, accelerators and incubators, local and regional funds, later-stage investors and support organizations to help strengthen the growing entrepreneurship ecosystem in Egypt and the Middle East and North Africa region. In December 2016, the fund was able to raise US$ 40 million secured from the International Finance Corporation, the European Bank for Reconstruction and Development, the Egyptian American Enterprise Fund, and Cisco Investments. Algebra Ventures believes that Egypt's main two advantages are skilled labor and Egypt's large consumer market which has over 90 million customers.