Sawari Ventures, a venture capital firm based in Cairo, that invests in knowledge and innovation-based technologies across North Africa, is set to launch a second fund of $200 million in 2025 to support startups in 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 investment bank. 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.
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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.
The announcement follows after February 2024, when Sawari Ventures said it would launch a $150 million investment fund for Egyptian startups as part of a broader push to stimulate innovation in the country and across Africa.
Sawari Ventures’ first fund has already achieved notable success in supporting Egyptian startups, and the second fund is seen as a step toward expanding its regional footprint while strengthening ties between Africa and international markets. By targeting high-growth sectors and fostering cross-border partnerships, Sawari Ventures hopes to play a pivotal role in shaping the future of innovation in Africa.
Founded in 2010, the VC firm focuses its investments on growth and early-stage startups across industries, in sectors including consumer internet, fintech, edtech, health tech, deep tech, and e-commerce and enabling infrastructure.
The VC firm focuses on Morocco and Tunisia. For the firm, these three countries represent one of the best investment opportunities around, given the mismatch between the capital available (amounts and variation at every stage) and the market opportunity.
Also, it provides a small allocation to seed-stage investments, and through its investments in the Tunisia and Cairo seed-stage vehicles of Flat6Labs, further contributing to building and strengthening the region’s early-stage ecosystem.
With currently 70M USD AUM, to date, Sawari Ventures has invested in 19 companies and 2 seed stage vehicles. The company’s goal is to empower entrepreneurs in the African region to create innovative solutions that will drive the region’s economies for years to come.