Khwarizmi Ventures gets its name from a 9th-century scholar whose name is where the word algorithm comes from, and the fund says it backs founders building disruptive algorithms, mostly first-time founders based in Saudi Arabia and across the Middle East. Even though its focus is mostly Saudi, it has backed founders from places as different as Morocco, Egypt, Pakistan, and Singapore, and it reached several exits and started returning money to investors not long after closing its first fund.