• Avanz Capital Egypt joins Algebra Ventures’ second fund as a Limited Partner through a LP-led secondary transaction.
• The partnership signals growing confidence in Egypt’s venture capital ecosystem and strengthens collaboration between key investment players.
• The deal supports entrepreneurs driving innovation across Egypt and Africa while increasing capital inflows and strategic backing for startups.
  

Avanz Capital 

Avanz Capital Egypt (ACE), a private capital asset management firm, joined Algebra Ventures’ second fund as a Limited Partner. This is through a secondary transaction executed via its direct investment company, Avanz Manara. The deal brings together two major players in Egypt’s investment scene, signaling growing confidence in the local venture capital market.

“This transaction represents not only one of the first secondary LP investments in Egypt, but also a milestone that reflects the strength and growth of the local ecosystem. Algebra has consistently pioneered venture capital in Egypt, backing some of the country’s most notable startups. Joining its second fund aligns perfectly with our strategy to support Egypt’s entrepreneurial ecosystem while also capturing opportunities across the wider African continent,” said Haytham Wagih, Managing Director at Avanz Capital Egypt.

Algebra Ventures is a tech-focused venture capital firm that partners with founders building transformative companies in Egypt and Africa. Meanwhile, Avanz Capital is a private equity asset management firm investing in funds and companies across emerging markets. This is with a focus on Africa, Latin America and Asia

Startup Ecosystem

Furthermore, this partnership highlights growing confidence in Egypt’s startup ecosystem. Algebra Ventures and Avanz Capital execute a significant LP-led secondary transaction. The deal paves the way for stronger collaboration, increased investment, and greater support for entrepreneurs driving innovation in Egypt and Africa.

“As pioneers of secondary transactions, Avanz brings both experience and commitment to our fund, and we are proud to welcome them as LPs in Fund II. Avanz has long been bullish on supporting the growing VC landscape in Egypt,” said Tarek Assaad, Managing Partner at Algebra Ventures.