Sawari Ventures Fund I

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
Investment type

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

:
Intermediated investment
Fund manager:
Sawari
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 Egypt Africa, North Africa Communications and IT Services Active