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Egypt-based venture capital firm Sawari Ventures is preparing to establish its second fund, "Sawari Ventures II," in early 2025. The new fund will be divided into two parts: an international fund that will draw in foreign investors and development finance organisations, and an Egypt-focused fund that would mobilise local wealth.According to establish Base Africa, Egypt-based venture capital firm Sawari Ventures is preparing to establish its second fund, “Sawari Ventures II,” in early 2025 with a $200 million fundraising goal. By expanding its reach into new industries and geographical areas, Sawari Ventures II will build on the success of the company’s initial fund. The two primary components of the new fund will be one that targets later-stage investments throughout Africa and the other that concentrates on early-stage entrepreneurs.
The new fund will be divided into two parts: an international fund that will draw in foreign investors and development finance organisations, and an Egypt-focused fund that would mobilise local wealth. Startups in Egypt, Tunisia, Morocco, Kenya, and West Africa will benefit from this. Over the next four to five years, approximately 70% of the $200 million, or $140 million, will go to Egyptian startups. With a portion reserved for seed-stage investments, the fund will mostly target firms in their Series A and B stages, according to the firm.
Financial technology, deep technology, digital education, health technology, climate technology, and agricultural technology are just a few of the industries in which Sawari Ventures intends to make large investments. These industries fit with Sawari Ventures’ plan to diversify its holdings and focus on fields with significant development and influence potential. Among Sawari Ventures’ recent actions is a collaboration with Bpifrance, the biggest venture capital firm in France.
With an emphasis on innovation, talent exchange, and financial access, the partnership—which has allowed Bpifrance to open operations in Egypt—aims to promote increased cooperation between Africa, the Middle East, and France. The goal of Bpifrance’s entry into the Egyptian market is to open doors for French businesses trying to expand into African markets as well as for African businesses wishing to set up research and development (R&D) facilities in France. It is expected that this partnership will make it easier for businesses on both sides to obtain funding.
The second fund is seen as a crucial step towards increasing Sawari Ventures’ regional presence while fortifying linkages between Africa and global markets, as the company’s first fund has already demonstrated noteworthy success in assisting Egyptian companies.Sawari Ventures hopes to have a significant impact on how innovation develops in Africa in the future by focussing on high-growth industries and encouraging international collaborations. The African startup ecosystem stands to gain from more investment in crucial sectors that propel economic and technical progress as the company gets ready for Sawari Ventures II’s formal launch. The venture capital business declared in February 2024 that it will establish a $150 million investment fund to assist Egyptian companies.
