{"id":653748,"date":"2024-10-22T00:00:00","date_gmt":"2024-10-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/22\/sawari-ventures-is-launching-its-usd-200-mn-sawari-ventures-fund-ii\/"},"modified":"2024-10-22T00:00:00","modified_gmt":"2024-10-22T00:00:00","slug":"sawari-ventures-is-launching-its-usd-200-mn-sawari-ventures-fund-ii","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/22\/sawari-ventures-is-launching-its-usd-200-mn-sawari-ventures-fund-ii\/","title":{"rendered":"Sawari Ventures is launching its USD 200 mn Sawari Ventures Fund II"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Cairo-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sawariventures.com\/\" style=\"\" rel=\"noopener\">Sawari Ventures<\/a><\/strong> <strong> is launching its Sawari Ventures Fund II in early 2025 with a target size of USD <font face=\"Arial\">200<\/font> mn<\/strong>, a representative from Sawari Ventures told EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> \u201cAs with our Fund I, this will be a dual fund structure, consisting of an Egypt-domiciled fund, bringing together our Egyptian investors and investing in Egypt, and a foreign-domiciled fund, bringing in mostly international investors and DFIs, covering Egypt, Tunisia, Morocco, Kenya, and West Africa,\u201d the representative added. Of the total fund, around 70% \u2014 c. USD 140 mn \u2014 will be invested in Egypt over four to five years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The targets: <\/strong>The fund is targeting startups in the Series A and B stages, with a small amount of financing allocated for startups in the seed stage, he added. Sectorally, the fund manager plans to double down on fintech and deeptech, while also expanding its investments in edtech and healthtech. Climate tech and agritech are also on the agenda. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Branching out: <\/strong>\u201cWith this fund, we are looking to double down on the successes of our inaugural fund, while branching out into new sectors and regions that we see tremendous opportunities for growth and impact in,\u201d the representative said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The company is looking to reach its first close in early 2025, the representative said. The company aims to invest the total target of USD 200 mn over a period of four to five years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>While local startups <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e07e490d-bef8-49cc-b40a-50bdcd342ac3\/egyptian-startups-raised-usd-88.7-mn-in-the-first-half-of-2024\" style=\"\" rel=\"noopener\">raised a combined USD 88.7 mn<\/a> across 39 transactions during the first half of the year, Egypt\u2019s startup scene has been marked by volatility and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/93b5cc1e-9220-4b18-9ddf-9685ff24398f\/local-startup-funding-rose-219%2525-m-o-m-in-september,-but-still-lag-behind-regional-startup-scene\" style=\"\" rel=\"noopener\">continues to lag behind<\/a> other countries in the region \u2014 particularly Saudi Arabia and the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What about Sawari Ventures Fund I? <\/strong>It had an initial volume of USD 70 mn and included an Egypt-domiciled fund that brought in investors like Banque Misr, Banque du Caire, Suez Canal Bank, and a Netherlands-domiciled fund which brought together international investors like the European Investment Bank and Sango Capital and deployed investments across Egypt, Tunisia, and Morocco.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CORRECTION- <\/strong>We mistakenly reported in the original version of the story that the fund had a size of USD 30 mn. The fund instead has a target size of USD 200 mn. The story has been amended. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fund will target local and African startups and fintech players<\/p>\n","protected":false},"author":1,"featured_media":653749,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7258],"tags":[72,444,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-653748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-sawari-ventures","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"8520fee1-e996-4862-b80c-e28d10f012f0","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1843.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s Sawari Ventures is launching its USD 200 mn Sawari Ventures Fund II","related_issue":[653738],"teaser":"The fund will target local and African startups and fintech players","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.ebddbcab-fc65-4ccc-ad70-365cd3392cd0.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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An entrepreneur and business policymaker, Azer joins Sawari Ventures from A15. The appointment comes after Sawari reached first close on its USD 35 mn North Africa fund, which will\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":627655,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/sawari-ventures-looks-set-to-reach-first-close-on-a-usd-55-mn-venture-capital-fund-by-the-end-of-june\/","url_meta":{"origin":653748,"position":1},"title":"Sawari Ventures looks set to reach first close on a USD 55 mn venture capital fund by the end of June","author":"enterpriseam admin","date":"7 June 2018","format":false,"excerpt":"INVESTMENT WATCH- Sawari Ventures looks set to reach a USD 55 mn first close on venture capital fund by the end of June, according to a piece in Al Mal quoting founding partner Wael Amin. Limited partners in the fund include the National Bank of Egypt and Banque du Caire,\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":604670,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/sawari-ventures-nearing-close-on-egypt-focused-vc-fund-announces-close-of-usd-35-mn-north-african-fund\/","url_meta":{"origin":653748,"position":2},"title":"Sawari Ventures nearing close on Egypt-focused VC fund, announces close of USD 35 mn North African fund","author":"enterpriseam admin","date":"10 December 2018","format":false,"excerpt":"INVESTMENT WATCH- Sawari Ventures nearing close on large Egypt-focused VC fund: Sawari Ventures expects to announce soon the close of an Egypt-only venture capital fund that will invest an average of USD 1.5 mn apiece in 25 growth stage companies, the firm said in an announcement (pdf) at the Africa\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":603505,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/sawari-ventures-to-invest-c-usd-70-mn-in-north-africa-within-four-years\/","url_meta":{"origin":653748,"position":3},"title":"Sawari Ventures to invest c.USD 70 mn in North Africa within four years","author":"enterpriseam admin","date":"24 April 2019","format":false,"excerpt":"INVESTMENT WATCH- Sawari Ventures to deploy c.USD 70 mn across North Africa over four years: Egyptian venture capital firm Sawari Ventures plans to invest close to USD 70 mn in high-growth tech and tech-enabled companies in Egypt, Tunisia and Morocco over the next four years, partner Wael Amin tells Disrupt\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\/2019\/4\/2785.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565366,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/05\/sawari-ventures-closes-egp-440-mn-egypt-tech-fund\/","url_meta":{"origin":653748,"position":4},"title":"Sawari Ventures closes EGP 440 mn Egypt tech fund","author":"enterpriseam admin","date":"5 April 2021","format":false,"excerpt":"Cairo-based VC firm Sawari Ventures has reached final close on its Egypt-focused tech fund, raising USD 28 mn (EGP 440 mn) from a handful of local and regional institutional investors, the company has announced in a statement (pdf). This fund, which is domiciled in Egypt, will invest in parallel with\u2026","rel":"","context":"In &quot;SPEED ROUND: INVESTMENT WATCH&quot;","block_context":{"text":"SPEED ROUND: INVESTMENT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/335.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562494,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/sawari-ventures-to-make-new-north-africa-investments-this-year\/","url_meta":{"origin":653748,"position":5},"title":"Sawari Ventures to make new North Africa investments this year","author":"enterpriseam admin","date":"26 May 2021","format":false,"excerpt":"Cairo-based venture capital firm Sawari Ventures plans to make new investments in Tunisia or Morocco this year, a source at Sawari told Enterprise, without specifying an amount or an exact date. The source spoke on condition of anonymity. 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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/653748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=653748"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/653748\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/653738"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/653749"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=653748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=653748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=653748"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=653748"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=653748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}