Sawari Ventures to Launch $200M Fund Expanding Focus Across Africa
TLDR
- Sawari Ventures announced Sawari Ventures II, a $200 million fund targeting Kenya and West Africa, emphasizing high-growth sectors.
- The fund includes a local Egyptian fund and an international fund for foreign investors, with 70% allocated to Series A or B stage Egyptian startups.
- Sawari Ventures partners with Bpifrance to enhance collaboration between African and French markets, following the successful launch of a $150 million fund for Egyptian startups in February 2024.
Egypt-based Sawari Ventures announced its second fund, Sawari Ventures II, set for launch in early 2025 with a $200 million target.
Expanding beyond North Africa, the fund will invest in Kenya and West Africa, focusing on high-growth sectors. Sawari’s new fund comprises two parts: a local capital-focused Egypt fund and an international fund for foreign investors, with 70% ($140 million) aimed at Egyptian startups in Series A or B stages.
Sawari has partnered with Bpifrance, France’s largest VC firm, to foster collaboration between African and French markets. This initiative builds on Sawari’s February 2024 launch of a $150 million fund for Egyptian startups, supporting innovation across the continent.
You can follow Daba’s reporting on Africa on WhatsApp. Sign up here
Points clés à retenir
Sawari Ventures II reflects the rising appeal of Africa’s startup ecosystem, with Egypt positioned as a regional tech hub. By expanding its geographical focus, Sawari is aligning with the continent’s growing tech investment momentum. The collaboration with Bpifrance highlights a trend towards cross-border partnerships, facilitating knowledge sharing and access to larger markets. The fund’s sector focus aligns with Africa’s needs for fintech, agri-tech, and climate resilience, potentially unlocking solutions for economic and environmental challenges.
Vous pensez que quelqu'un d'autre devrait voir ça ?
Investir dans cette opportunité et dans d'autres opportunités à travers l'Afrique
Téléchargez l'application daba finance sur votre mobile via
Passer à l'action.
Télécharger l'application
Entrez en partenariat avec nous
Débloquez des opportunités commerciales passionnantes et un potentiel de croissance.
Rejoindre Daba
Devenez membre de notre communauté dynamique et profitez d'avantages exclusifs.
Contactez-nous
Contactez-nous pour toute demande de renseignements, assistance ou collaboration.