According to bank provided information, the investment is an equity commitment of up to US$ 15 million in favour of Algebra Ventures II Cooperatief U.A (Fund). The project will form part of the Bank's Early-Stage Innovation Facility, a EUR100 million facility through which the EBRD selectively invests in early-stage venture capital funds.
The Fund will make equity and equity-related venture capital investments in early-stage technology companies in Egypt.
The Fund will be managed by Algebra Ventures II B.V.
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ACCESS TO INFORMATION
You can request information by emailing: firstname.lastname@example.org or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: email@example.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html