The Algerian Startup Fund (ASF) has showcased significant milestones, including a successful exit and strategic geographic expansion, during the official launch of Global Entrepreneurship Week 2025 at Djamaa El Djazaïr (The Great Mosque of Algiers) on Tuesday, November 18, 2025. The Algerian Startup Fund used the prominent platform to detail its growing impact on the country’s entrepreneurial landscape, demonstrating the increasing maturity of the Algerian tech ecosystem.
Successful Exit: VOLZ Delivers Strong Returns
One of the cornerstone achievements highlighted by the ASF was the successful exit from the startup VOLZ, executed in partnership with TellMarket. The exit, categorized as a Series A stage transaction, delivered impressive financial results, underscoring the potential for venture investment returns in the country. Key metrics shared were a Multiple of Capital (MoC) of 3.35X and an Internal Rate of Return (IRR) of 56%. The future plan for VOLZ includes seeking a Series B funding round on the Algiers Stock Exchange, setting a precedent for local public market participation by domestic high-growth companies.
Strategic Expansion Across Key Regions
To broaden its support network and foster decentralized startup growth, the ASF announced its expansion into two major regions: Oran and Annaba. This strategic move is designed to ensure that entrepreneurs outside of the capital, Algiers, have greater access to funding, resources, and institutional backing. By increasing its physical footprint, the ASF is strengthening its commitment to nurturing a truly national entrepreneurial ecosystem.
Strengthening Ecosystem Partnerships
The ASF also emphasized its continuous efforts to enhance ties with its various ecosystem partners. The fund remains committed to empowering Algerian startups, attracting both local and international investment, and driving the innovation necessary for a dynamic and prosperous future economy. This focus on collaboration is crucial for building a sustainable framework that supports startup creation and scaling in Algeria.
About Algerian Startup Fund (ASF)
The Algerian Startup Fund (ASF) is a national investment vehicle established to support the development and growth of Algerian startups. It aims to finance innovative projects, facilitate access to capital for entrepreneurs, and contribute to the diversification of the national economy by fostering a robust and competitive technology sector.
Source: LinkedIn
