Sawari Ventures Gears Up for $200M Fund Launch in 2025
Sawari Ventures, an Egypt-based venture capital firm, is set to launch its second fund, "Sawari Ventures II," in early 2025, aiming to raise $200 million, according to Launch Base Africa. This new fund will build on the firm's earlier success, expanding its reach into new sectors and regions.
The fund will consist of two parts: a local Egyptian fund and an international fund aimed at foreign investors and development finance institutions. The goal is to support startups across Egypt, Tunisia, Morocco, Kenya, and West Africa.
In February, Sawari Ventures launched the Egyptian Startup Fund of $150 million to support Egyptian startups.
Around 70% of the $200 million—approximately $140 million—will be invested in Egyptian startups over the next four to five years, focusing on Series A and B stages, with some allocation for seed-stage companies. Key sectors for investment include financial technology, deep tech, digital education, health tech, climate tech, and agri-tech.
Source: Osamu Ekhator / TechPoint Africa