{"id":574722,"date":"2020-09-20T03:59:39","date_gmt":"2020-09-20T03:59:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/elves-raised-usd-2-mn-from-sawari-ventures-in-latest-funding-round\/"},"modified":"2020-09-20T03:59:39","modified_gmt":"2020-09-20T03:59:39","slug":"elves-raised-usd-2-mn-from-sawari-ventures-in-latest-funding-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/elves-raised-usd-2-mn-from-sawari-ventures-in-latest-funding-round\/","title":{"rendered":"Elves raised USD 2 mn from Sawari Ventures in latest funding round"},"content":{"rendered":"<p><strong>STARTUP WATCH- AI startup Elves raised USD 2 mn from Sawari Ventures and<\/strong><strong> other unnamed investors in the follow-on investment we <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e0a94ab7-4b45-4fc5-aaa4-aa05c68629ba\">noted last week<\/a><\/strong>, according to <a href=\"https:\/\/www.menabytes.com\/elves-2-million-2020\/\">Menabytes<\/a>. The value of the investment had not been disclosed at the time. The digital assistance platform has now raised nearly USD 5 mn in pre-series A funding. Elves had previously raised USD 2 mn from Emaar, Kauffman Fellows Syndicate, and Dubai Angel Investors.<\/p>\n<p><strong>Learn more about how Elves has been focusing on expanding its machine learning capabilities from our podcast<\/strong>, Making It, where we interviewed co-founders Karim El Sahy and his business partner (and wife) Abeer El Sisi. The episode is available <a href=\"https:\/\/bit.ly\/35RNso8\">on our website<\/a>, on <a href=\"https:\/\/apple.co\/35MK1Pv\">Apple Podcast<\/a> and on <a href=\"https:\/\/bit.ly\/2RF1YXI\">Google Podcast<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>STARTUP WATCH- AI startup Elves raised USD 2 mn from Sawari Ventures and other unnamed investors in the follow-on investment we noted last week, according to Menabytes. The value of the investment had not been disclosed at the time. The digital assistance platform has now raised nearly USD 5 mn in pre-series A funding. Elves [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[1119,72,444,2380,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574722","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-elves","tag-enterpriseam","tag-sawari-ventures","tag-speed-round","tag-startups","wpautop","entry"],"acf":{"mongo_id":"d3d1897d-1bfb-4adf-bcce-1e6834e6201f","is_powered_by":true,"section_story_id":"e8425aa4-e5d7-459b-aa44-845d254d94e0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[574704],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Elves raised USD 2 mn from Sawari Ventures in latest funding round - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/elves-raised-usd-2-mn-from-sawari-ventures-in-latest-funding-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elves raised USD 2 mn from Sawari Ventures in latest funding round\" \/>\n<meta property=\"og:description\" content=\"STARTUP WATCH- AI startup Elves raised USD 2 mn from Sawari Ventures and other unnamed investors in the follow-on investment we noted last week, according to Menabytes. The value of the investment had not been disclosed at the time. The digital assistance platform has now raised nearly USD 5 mn in pre-series A funding. Elves [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/elves-raised-usd-2-mn-from-sawari-ventures-in-latest-funding-round\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-20T03:59:39+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/elves-raised-usd-2-mn-from-sawari-ventures-in-latest-funding-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/elves-raised-usd-2-mn-from-sawari-ventures-in-latest-funding-round\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Elves raised USD 2 mn from Sawari Ventures in latest funding round\",\"datePublished\":\"2020-09-20T03:59:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/elves-raised-usd-2-mn-from-sawari-ventures-in-latest-funding-round\/\"},\"wordCount\":127,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Elves\",\"EnterpriseAM\",\"Sawari Ventures\",\"SPEED ROUND\",\"startups\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/elves-raised-usd-2-mn-from-sawari-ventures-in-latest-funding-round\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/elves-raised-usd-2-mn-from-sawari-ventures-in-latest-funding-round\/\",\"name\":\"Elves raised USD 2 mn from Sawari Ventures in latest funding round - 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The initial funding round, which has been ongoing for two years, closed in February, \u201cwith additional follow-on in July reflecting\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574797,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/22\/elves-closes-in-on-substantial-series-a-funding-ahead-of-el-gouna-move\/","url_meta":{"origin":574722,"position":1},"title":"Elves closes in on \u201csubstantial\u201d series A funding ahead of El Gouna move","author":"enterpriseam admin","date":"22 September 2020","format":false,"excerpt":"STARTUP WATCH- AI startup Elves is closing in on \u201csubstantial\u201d series A funding as it gears up to move its HQ to El Gouna, where the entire team will be working from the Red Sea town\u2019s G Space coworking tech hub, CEO Karim El Sahy told Enterprise. 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Sawari has earmarked some EGP 250 mn from its EGP 1 bn\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/233.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593708,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/08\/e-learning-platform-al-mentor-raises-usd-4-5-mn-in-series-a-funding-led-by-sawari-ventures\/","url_meta":{"origin":574722,"position":3},"title":"E-learning platform Al Mentor raises USD 4.5 mn in Series A funding led by Sawari Ventures","author":"enterpriseam admin","date":"8 October 2019","format":false,"excerpt":"STARTUP WATCH- Dubai-based e-learning platform Al Mentor has raised USD 4.5 mn in a series A funding round led by Egyptian VC firm Sawari Ventures, with participation from Egypt Ventures, Endure Capital, and angel investor Mohamed El Amin. This brings its total funding raised to USD 8 mn, Sawari said\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576408,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/23\/egyptian-e-commerce-platform-expandcart-raises-usd-2-5-mn-in-series-a-funding\/","url_meta":{"origin":574722,"position":4},"title":"Egyptian e-commerce platform ExpandCart raises USD 2.5 mn in series A funding","author":"enterpriseam admin","date":"23 November 2020","format":false,"excerpt":"STARTUP WATCH- Egyptian e-commerce platform ExpandCart raised USD 2.5 mn in a series A funding round led by Sawari Ventures, Agility Ventures and Graphene Ventures, Menabytes reports. Two angel investors also took part in the funding round. ExpandCart caters to merchants and allows its users to build online stores in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564612,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/deep-tech-startup-si-ware-systems-raises-usd-9-mn-from-sawari-ventures-egypt-ventures\/","url_meta":{"origin":574722,"position":5},"title":"Deep tech startup Si-Ware Systems raises USD 9 mn from Sawari Ventures, Egypt Ventures","author":"enterpriseam admin","date":"16 February 2021","format":false,"excerpt":"Cairo-based microelectronics company Si-Ware Systems has raised a funding round worth nearly USD 9 mn from Sawari Ventures and Egypt Ventures, bringing total funding raised to USD 19 mn, Bassam Saadany, one of Si-Ware\u2019s three co-founders, told Zawya. 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