Sawari Ventures Fund I

Egypt, Tunisia Education, Communications and IT Services, Financial services, Health, Manufacturing

Sawari Ventures is an investment management firm based in Cairo, driven by a passion for fostering innovation and entrepreneurship.

Sawari Ventures is an investment management firm based in Cairo, driven by a passion for fostering innovation and entrepreneurship.

Our investment

In 2018, CDC made a commitment of $12 million to Sawari Ventures Fund I.

Expected impact

Venture capital in Africa remains comparatively nascent and poorly capitalised. By identifying, backing and helping the growth of innovative and scalable companies, Sawari Ventures Fund I is helping support a key element of a healthy and dynamic capital market which in turn supports economic growth, entrepreneurship and job creation.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, North Africa
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Communications and IT Services, Education, Financial services, Health, Manufacturing
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Sawari Ventures
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
November 2018
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$12m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Netherlands

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Smart Transport Services and Applications

Swvl is an alternative to public transportation in Egypt. The service offers affordable, quality, convenient and reliable everyday bus rides.

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Egypt Africa, North Africa Manufacturing March 2019 Active
Almentor Holdings

Almentor.net is an e-learning and professional development network serving the Middle East and Africa. The platform offers video courses and motivational/informative talks in Arabic and English.

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Egypt Africa, North Africa Education December 2019 Active
Elves

Elves is an Egyptian app-based service. The app enables users to chat with an assistant to help them buy items (online or offline), book flights or hotels, and pay bills.

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Egypt Africa, North Africa Communications and IT Services February 2020 Active
MoneyFellows

MoneyFellows is a group lending and savings platform in Egypt, which has has digitised the concept of 'money circles'. Its mobile-based platform has made it more scalable, safe, and efficient.

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Egypt Africa, North Africa Communications and IT Services February 2020 Active
GoodsMart

GoodsMart is a Cairo-based online grocery startup. It allows users to order grocery items through an app and then have them delivered to a box installed by GoodsMart at their doorstep.

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Egypt Africa, North Africa Communications and IT Services May 2020 Active
Brantu

Brantu is an e-commerce platform in Egypt.

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Egypt Africa, North Africa Communications and IT Services June 2020 Active
Expandcart

Expandcart is a platform that enables businesses to sell their products online.

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Egypt Africa, North Africa Communications and IT Services September 2020 Active
SiWare/Neospectra

SiWare designs and manufactures sensors.

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Egypt Africa, North Africa Health September 2020 Active
Fatura

Fatura works in Egypt's FMCG sector, tackling key pain points and offering a digital platform through which FMCG manufacturers and wholesalers can connect directly to retailers.

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Egypt Africa, North Africa Communications and IT Services November 2020 Active
Flat6Labs Cairo (FAC)

Flat6Labs is a seed funding and venture capital firm working in North Africa. Flat6Labs invests in more than 100 innovative and technology-driven startups.

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Egypt Africa, North Africa Financial services November 2020 Active
Flat6Labs Tunis (Anava)

Flat6Labs is a seed funding and venture capital firm working in North Africa. Flat6Labs invests in more than 100 innovative and technology-driven startups.

View investment details

Tunisia Africa, North Africa Financial services November 2020 Active

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