Algebra Ventures is seeking a $90m final close for a fund that has reportedly secured Cisco as a limited partner.
Egypt-headquartered venture capital firm Algebra Ventures launched its $90m second fund on Tuesday with backing from limited partners including networking technology provider Cisco, according to TechCrunch.
European Commission, European Bank for Reconstruction and Development, Egyptian-American Enterprise Fund and International Finance Corporation are also among the LPs, as are undisclosed private family offices.
Algebra Ventures has not disclosed how much it has so far raised for the fund but it expects to reach a first close in the third quarter of…
