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.
Sawari Ventures to back more African startups with new $200 million fund
Sawari Ventures II targets raising $200 million for investment. Approximately 70% of the fund will be allocated to Egyptian startups.
As Decline Looms In SA, Push For ‘Long-Overdue’ Startup Act Intensifies
41% year-on-year drop in venture funding in 2022. South Africa slipped to 3rd and 4th place in Africa's tech ecosystems in 2023 and 2022 respectively.
IFC Proposes Investment in Moroccan EmergingTech Ventures Fund II
IFC proposes investment of up to USD 4 million in EmergingTech Ventures Fund II. Emtech II is a Moroccan early-stage VC fund targeting a first closing at USD 40 million.
Tunisian startup Clusterlab raises $600,000 in pre-seed funding round.
ClusterLab has secured $600,000 in pre-seed funding. The funding will be used to enhance the Arabic audiobook summarization app, Reedz.
