One of the well-known and distinguished investment firms, Sawari Ventures is geared up to back up Egypt’s startup ecosystem by planning a dedicated fund of $150 million investment goal. The CEO and co-founder of Sawari Ventures, Hani Al Sanbati, summarised the company’s main focus point on diverse fields such as education, fintech, deep technology projects, and green technology projects and the facilitating expedited growth of these domains within the Egyptian region. 

According to the official release of the company, Al Sanbati shared his confidence in the present climatic situation, emphasizing the fact that current factors are compatible with continued investments in tech-based companies. He highlighted that initial problems poised for the start-ups do not cause any trouble in the overall growth trajectory. 

As per the reports, CEO Al Sanbati said that the present time paves the way for some of the best conditions for making investments in various tech-based startups, making sure that the current economic circumstances will not hamper future investments by stakeholders in these ventures. Moreover, Hani Al Sanbati also added that the beginning phases experienced by the startup companies will also not restrain their growth. 

Further articles state that the startups supported by Sawari Ventures will attract investments ranging from $350 million to $500 million in the next 5 years.

Al Sanbati underscored the company’s ambition for Egypt to emerge as a pivotal investment hub in Africa and the broader region, noting that Sawari has invested in approximately 500 startups since its establishment in the Arab world. 

In addition, Al Sanbati explained that Sawari Ventures operates within a framework aimed at catalysing investments and priming companies to receive new funding. 

Al Sabanti highlighted, “Exiting forms an integral part of our company’s strategy to inject investments into other ventures,” taking into consideration the present situations regarding the potential exit from certain companies within a year and a half, provided these firms sustain growth with new investors.

Approximately 35 per cent of Sawari Ventures’ portfolio is allocated to the fintech sector, with a focus on digitising the Egyptian economy and reshaping financial inclusivity trends. The firm was established in the year 2010, in Egypt. Sawari Ventures has emerged as a leading venture capital firm in the country, backing over 30 companies, including Swvl, MoneyFellows, Instabug, Si-Ware, and Elves. The company currently has 70M USD AUM, to date, we have invested in 19 companies and 2 seed-stage vehicles.

About Sawari Ventures

Sawari Ventures is a venture capital firm based in Cairo, investing in knowledge and innovation-based technologies across North Africa. Sawari Ventures’ commitment to nurturing innovation and driving economic growth aligns with the broader vision of transforming Egypt into a thriving hub for startups and technological advancements, marking a significant milestone in the evolution of the country’s entrepreneurial ecosystem. Their portfolio consists of ADVA, Almentor, Axis, Blnk, Brantu, Docspert, Elves, ExpandCart, Fatura, Flat6Labs Cairo, Flat6Labs Tunis, Fulfillment Bridge, Goodsmart, Kashier, MoneyFellows, Pearl, Proteinea, Si-Ware, SWVL, and Legacy based investments which include KNGINE and Instabug.