Ibtikar Fund and Architects Contracting Company announced a joint investment in Algebra Intelligence, targeting advancements in the energy sector through specialized software solutions.
Target Information
Ibtikar Fund and the Architects Contracting Company (Arco) are excited to announce their investment in Algebra Intelligence, a software development firm specializing in solutions for the energy sector. The announcement was made on November 17, 2022, during the MENA ICT Forum held in Amman, Jordan. Algebra Intelligence is dedicated to innovating and enhancing energy management through advanced software technologies.
This investment aims to leverage Algebra Intelligence's expertise in creating efficient and sustainable software solutions designed specifically for the energy industry. The firm’s innovative approach is expected to contribute significantly to improving operational efficiencies in a sector faced with increasing demands for sustainability and technological advancement.
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Industry Overview in Jordan
The energy sector in Jordan has undergone substantial changes in recent years, driven by a growing need for sustainable energy solutions amidst fluctuating energy prices and environmental challe
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Ibtikar Fund, Architects Contracting Company
invested in
Algebra Intelligence
in 2022
in a Other VC deal
Disclosed details
Transaction Size: $1M