Monthly Archives: October 2022

Egyptian venture capital firm Algebra Ventures hits first close of second fund at $100M

Last April, Egyptian and MENA-focused venture capital firm Algebra Ventures announced the launch of its $90 million second fund. It was the sequel to its first: a $54 million fund invested in 21 startups across Egypt and the Middle East.  While Algebra Ventures predicted it would reach its first close in Q3 2021, the firm…

VLC-developer VideoLAN sends legal notice to Indian ministries over ban

VideoLAN, the developer and operator of popular media player VLC, has filed a legal notice to India’s IT and Telecom ministries, alleging that the Indian bodies failed to notify the software developer and did not afford it a chance for an explanation. Indian telecom operators have been blocking VideoLAN’s website, where it lists links to…