Egypt-based venture capital firm Sawari Ventures plans to launch a second fund worth $200 million by early 2025. The initiative is focused on supporting startups across Africa through targeted investments in Egypt, Morocco, Tunisia, Kenya and West Africa.
As the continent’s startup ecosystem grows rapidly, this new fund will focus on companies at Series A and Series B stages. The areas of fintech, digital education, healthtech and agritech are also the most interesting.
This initiative follows the success of Sawari’s first fund. The latter invested in 30 Egyptian start-ups and achieved significant profits, supporting the decision to expand its financial backing and geographical footprint.
The latest fund will address significant capital needs in high-growth sectors. This means providing startups with the funding they need to scale.
Sawari’s cross-border investment strategy
sawari Ventures’ latest move aims to foster collaboration and tap into emerging markets. Through its partnership with Bpifrance, the company intends to drive innovation by bridging Africa, the Middle East and Europe.
By facilitating cross-border investments, Sawari seeks to strengthen startups’ access to international networks, markets, and resources. These are very important factors for the growth and expansion of any business.
Bpifrance’s involvement will not only strengthen Sawari’s capital reserves but also open the door to African startups for European investors.
This partnership aligns with Sawari Ventures’ strategic vision to transform Africa into a global technology hub by enhancing access to capital, talent and innovation exchange.
Position in global venture capital trends
Sawali’s new fund highlights Africa’s growing importance in the global venture capital landscape. African startups raised more than US$5 billion in 2023, growing by 50% despite a decline in global venture capital.
sawari Ventures’ USD 200 million fund will further strengthen this trend, strengthen the region’s competitiveness and place it on par with other emerging markets.
The focus on key industries is consistent with local government efforts aimed at promoting innovation, entrepreneurship and sustainable development, establishing Africa as a strong player in the global technology sector.
If you see something out of place, or if you would like to contribute to this article, check out our Ethics and Policies section.
