
Avanz Capital Egypt Joins Algebra Ventures Fund II in Landmark Secondary LP Deal
Avanz Capital Egypt has joined Algebra Ventures’ second fund as a limited partner through a secondary transaction executed by its investment arm, Avanz Manara.
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The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, has proposed plans to invest up to US $7 million in the Moroccan proptech startup Yakeey.
Founded in 2023 by Karim Beqqali and headquartered in Casablanca, Yakeey has developed a digital real estate platform that brings together buyers, sellers, agencies, developers, and financial institutions on a single marketplace to streamline property transactions.
The proposed IFC equity stake is part of Yakeey’s Series A fundraising round, which also involves the founder’s holding company, several family offices, venture-capital firms and individual angel investors.
Yakeey positions itself as more than just a listings portal: the company integrates tools for property search, valuation, finance and notarial formalities in one ecosystem, to tackle inefficiencies and opacity in Morocco’s real-estate market.
The new funds raised would enable Yakeey to further develop its product offerings, deepen its presence in the local market and begin its international expansion.
For the IFC, the investment aligns with its strategy of backing innovative African startups that digitize critical economic sectors — in this case, the real-estate industry in Morocco.
In turn, for Yakeey, the backing of such a global institution is a strong signal of validation for both the startup and the Moroccan proptech ecosystem.
Yakeey has emerged in just two years as one of Morocco’s leading technology-driven real-estate platforms, and if the IFC investment goes ahead, it will mark a significant milestone both for the company and for the wider local tech and real-estate sectors.

Avanz Capital Egypt has joined Algebra Ventures’ second fund as a limited partner through a secondary transaction executed by its investment arm, Avanz Manara.

South African nurse-led primary healthcare clinic chain Alma Clinics has secured $2.8 million in funding from investment firm IDF Capital’s Alitheia IDF Fund (AIF).

Fifteen Egyptian tech startups have been selected for the first batch of the 500 Global in Egypt Scale Up Programme, a seven-week program designed to help founders scale their businesses.