Sawari Ventures plans to support more African startups with a new $200 million fund.
- Sawari Ventures II to launch in early 2025 with a target of $200 million.
- 70% of the fund, or $140 million, allocated to Egyptian startups.
- Focus on early-stage (Series A and B) and seed-stage investments.
The establishment of Sawari Ventures II represents a significant opportunity for the African startup ecosystem, particularly in Egypt. By focusing on high-growth sectors and fostering international partnerships, the fund is likely to catalyze innovation and economic development in the region. However, the success of this initiative will depend on effective execution and the ability to attract both local and foreign investments.
