Egypt: Sawari Ventures to Boost African Startups with $200 Million Fund

Egypt-based venture capital firm, Sawari Ventures, is gearing up to launch its second fund, Sawari Ventures II, in early 2025, targeting a $200 million raise to invest in high-potential startups across Africa. The fund will focus on scaling ventures in Egypt, Tunisia, Morocco, Kenya, and West Africa, continuing Sawari’s commitment to nurturing innovation in key African markets.

Building on the success of its first fund, Sawari Ventures II will concentrate on sectors pivotal to the continent’s economic transformation, including fintech, deep tech, digital education, health tech, climate tech, and agritech. While the primary focus will be on Series A and B-stage startups, a portion of the fund will be dedicated to seed-stage investments, ensuring early-stage companies also benefit from the firm’s support.

In a strategic move to enhance startup growth, Sawari Ventures has partnered with Bpifrance, France’s leading venture capital firm. This partnership will provide startups with greater access to capital, foster cross-border collaborations, and facilitate the exchange of innovation and talent between Africa, the Middle East, and France.

With the launch of Sawari Ventures II, the African startup ecosystem is set to receive a significant financial and strategic boost. The fund’s focus on high-growth sectors, coupled with its emphasis on fostering cross-border partnerships, is expected to play a critical role in driving technological advancement and shaping the future of innovation across the continent.