Sawari Ventures, an Egypt-based venture capital firm, will launch its second fund, “Sawari Ventures II,” in early 2025.
The firm aims to raise $200 million to invest in startups across Africa and the Middle East. About 70%, or $140 million, will be allocated to Egyptian startups over the next four to five years.
The fund will focus on supporting Series A and B startups, with some funds for seed-stage investments. The fund will invest in sectors like financial technology, health technology, deep technology, digital education, and climate technology.
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Partnership with Bpifrance Strengthens Cross-Border Collaboration
The new fund consists of two components: an Egypt-focused fund for local capital and an international fund targeting foreign investors.
These funds will support startups in Egypt, Tunisia, Morocco, Kenya, and West Africa. Sawari Ventures aims to diversify its portfolio and target high-growth sectors with potential for impact.
Sawari Ventures also partnered with Bpifrance, France’s largest venture capital firm. Bpifrance has established operations in Egypt to foster collaboration between Africa, the Middle East, and France. The partnership aims to promote talent exchange and improve access to finance.
Bpifrance’s entry into Egypt is part of a broader strategy to help French companies enter African markets. It will also support African companies that want to develop research and development operations in France.
Sawari Ventures’ first fund has successfully supported several Egyptian startups. They expect the second fund to expand its regional influence and strengthen ties with international markets.
By targeting growing sectors and forming partnerships, Sawari Ventures plans to shape the future of innovation in Africa.