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§ Venture Capital · Africa, MENA
Learn which startups Sawari Ventures invests in, what size check sizes they write, and who their partners are (e.g. ).
Sawari Ventures operates as a Cairo-based venture capital firm, investing in knowledge and innovation-driven technologies across North Africa. The firm targets growth and early-stage startups in sectors including consumer internet, fintech, edtech, healthtech, deeptech, and e-commerce, alongside enabling infrastructure. It provides capital and guidance to empower entrepreneurs in developing and scaling solutions.
The firm was established in 2010 by Ahmed El Alfi, an investor with over three decades of early-stage funding experience across MENA and the U.S. El Alfi founded Sawari Ventures recognizing substantial untapped opportunities and industries ripe for transformation within North Africa. His insight was to pair exceptional talent with capital to catalyze innovation and foster regional economic development.
Sawari Ventures supports North African entrepreneurs building innovative solutions, with a vision to drive regional economies by fostering sustainable companies. The firm emphasizes value creation through proactive operational support and responsible investment practices, integrating environmental, social, and governance (ESG) considerations, benefiting its portfolio and the broader North African ecosystem.
Sawari Ventures has 8 tracked investments across 6 companies. The latest tracked deal is $10.0M Series C in Almentor in March 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 17, 2023 | Almentor | $10.0M Series C | E& Capital, Egypt Ventures, Endure Capital, Partech, Sango Capital, Sawari Ventures | — |
| Mar 1, 2023 | Almentor | $10.0M Series B | Partech Ventures, E& Capital, Egypt Ventures, Endure Capital, Sango Capital, Sawari Ventures | Y Combinator, Eric Nadalin |
| Nov 10, 2022 | Blnk | $32.0M Debt / Pre-Seed | Joseph Iskander, Sawari Ventures | — |
| Oct 1, 2022 | Money Fellows | $31.0M Series B | Hangwi Muambadzi, Middle East Venture Partners | Arzan Venture Capital, Global Ventures, Partech Ventures, 4DX Ventures, Invenfin, National Investment Company, P1 Ventures |
| Jan 20, 2022 | ExpandCart | $2.7M Other Equity | Betatron Venture Group | Kuwait Investment Authority |
| Nov 23, 2020 | ExpandCart | $2.5M Series A | Sawari Ventures | Agility Ventures, Graphene Ventures |
| Sep 23, 2020 | elves | $2.0M Other Equity | Sawari Ventures | — |
| Jun 20, 2019 | Swvl | $42.0M Other Equity | — | Michael Lahyani, Arzan Venture Capital, Autotech Ventures, BECO Capital, Blustone, Endeavor Catalyst, MSA Capital, Oman Technology Fund |
Sawari Ventures operates as a Cairo-based venture capital firm, investing in knowledge and innovation-driven technologies across North Africa. The firm targets growth and early-stage startups in sectors including consumer internet, fintech, edtech, healthtech, deeptech, and e-commerce, alongside enabling infrastructure. It provides capital and guidance to empower entrepreneurs in developing and scaling solutions.
The firm was established in 2010 by Ahmed El Alfi, an investor with over three decades of early-stage funding experience across MENA and the U.S. El Alfi founded Sawari Ventures recognizing substantial untapped opportunities and industries ripe for transformation within North Africa. His insight was to pair exceptional talent with capital to catalyze innovation and foster regional economic development.
Sawari Ventures supports North African entrepreneurs building innovative solutions, with a vision to drive regional economies by fostering sustainable companies. The firm emphasizes value creation through proactive operational support and responsible investment practices, integrating environmental, social, and governance (ESG) considerations, benefiting its portfolio and the broader North African ecosystem.