Egypt-based venture capital firm Sawari Ventures is launching its second fund, valued at USD 200M, by early 2025. This initiative focuses on supporting startups across Africa with targeted investments in Egypt, Morocco, Tunisia, Kenya, and West Africa.

With the continent’s startup ecosystem growing rapidly, this new fund will focus on companies in Series A and Series B stages. Also, fintech, digital education, health tech, and agritech sectors are most interesting.

This initiative follows the success of Sawari’s first fund. The latter invested in 30 Egyptian startups and achieved substantial returns, fueling the decision to increase its financial backing and geography.

The latest fund will address the need for substantial funding in high-growth sectors. That is, it will provide startups with the capital required to scale.

Sawari’s Cross-Border Investment Strategy

Sawari Ventures’ latest move aims to foster collaboration and capitalize on emerging markets. The firm intends to drive innovation by bridging Africa, the Middle East, and Europe through a partnership with Bpifrance.

By facilitating cross-border investments, Sawari seeks to enhance startups’ access to international networks, markets, and resource. These are critical critical elements for the growth and expansion of any business.

Bpifrance’s involvement not only strengthens Sawari’s capital reserves but also opens doors for African startups to European investors.

This partnership aligns with Sawari Ventures’ strategic vision of transforming Africa into a global technology hub through enhanced access to capital, talent, and innovation exchange.

Positioning in Global Venture Capital Trends

Sawari’s new fund highlights Africa’s rising prominence in the global venture capital landscape. African startups raised over USD 5B in 2023, growing by 50% despite global VC declines.

Sawari Ventures’ USD 200M fund further strengthens this trend, enhancing the region’s competitiveness and placing it on par with other emerging markets.

Its focus on key industries aligns with regional government initiatives aimed at fostering innovation, entrepreneurship, and sustainable development, setting Africa up as a strong player in the global tech arena.