Algebra Ventures Fund I

The proposed project consists of an equity investment of up to US$10 million (not to exceed 20% of total capital commitments) in Algebra Ventures Fund Coop A.V. (the “Fund”, or “Algebra”). The Fund will be incorporated as a closed-end venture capital fund in the Netherlands with an expected final size of US$50 million. Algebra will make investments in technology and technology-enabled startups mainly in Egypt and in other countries in the Middle East and North Africa (“MENA) region (the “Target Region”).