Egypt-based Sawari Ventures to Back More African Startups With $200 Million Fund
Egypt-based venture capital firm Sawari Ventures is set to launch its second fund, Sawari Ventures II, in early 2025. The fund aims to raise $200 million to invest in promising startups across Egypt, Tunisia, Morocco, Kenya, and West Africa.
Building on the success of its first fund, Sawari Ventures II will focus on sectors such as fintech, deep tech, digital education, health tech, climate tech, and agritech. The firm will primarily invest in Series A and B-stage startups but will also allocate a portion for seed-stage investments.
To support startups in the region, Sawari Ventures has formed a partnership with Bpifrance, France’s largest venture capital firm. This collaboration will facilitate greater access to capital for startups on both sides and promote innovation and talent exchange between Africa, the Middle East, and France.
With Sawari Ventures II, the African startup ecosystem is poised to receive a significant boost, driving technological and economic advancement. The fund’s focus on high-growth sectors and its commitment to fostering cross-border partnerships will play a crucial role in shaping the future of innovation in Africa.
