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…

GIC backs Indian EV startup Euler Motors in $60 million funding

Euler Motors, an Indian startup that designs and builds commercial electric vehicles, has raised $60 million in a new funding round as it works to ramp up its production capacity and broaden its offerings. Singapore’s sovereign fund GIC led the New Delhi-headquartered startup’s Series C funding. Blume Ventures, Athera Venture Partners, QRG, ADB Ventures and…

Hours after being blasted for parroting Putin’s propaganda, Elon Musk says he is ‘obviously’ pro-Ukraine and says SpaceX has spent $80 million on Starlink in the country

Elon Musk is embroiled in a new Twitter spat, this time with Ukrainian government officials. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Elon Musk said SpaceX has spent $80 million to support Starlink in Ukraine and $0 on Russia.  “Obviously, we are pro Ukraine,” he tweeted, hours after being blasted by Ukraine diplomats…

George Conway says Trump’s piling legal issues have turned him into a ‘cornered animal’ that will eventually turn on the GOP

Left: Donald Trump; right: George Conway. Left: AP Photo/Manuel Balce Ceneta; right: REUTERS/Joshua Roberts George Conway weighed in on Trump’s brimming docket of legal issues.He predicted that Trump would eventually be convicted, but would also cause “real pain” to the US.”The party is finally going to realize that Trump will take them down with him,” Conway…