Sawari Ventures

Founded in Egypt in 2010, Sawari Ventures is a venture capital firm focused on investing in early-to-growth stage technology companies across the Middle East and North Africa (MENA) region. The company aims to capitalize on the high growth potential of the MENA market, particularly in sectors such as e-commerce, mobile, internet, social media, and consumer technology products.

Ahmed Alfi

Co-Founder, Partner and Chairman

Wael Amin

Partner

Fatima Bennani

Principal

Farah El-Gawad

Principal

Ibrahim Ramadan

Partner

Jennifer Schoeberlein

Partner, ESG and Impact

Past deals in Egypt

Axis

Seed Round in 2023
Axis is a digital banking alternative for small businesses and solopreneurs in Egypt. It offers a seamless payment management system that handles employee payroll, salary advances, and business payments to suppliers and vendors. Axis's fully interoperable mobile wallet enables users to send and receive money from any mobile wallet in Egypt.

ADVA

Seed Round in 2022
ADVA is an Egyptian online platform that facilitates service installations on installment plans tailored to customers' needs. It offers services in health, education, insurance, home finishing, and wedding expenses.

GoodsMart

Venture Round in 2021
GoodsMart is a mobile application developed to facilitate the online shopping of groceries and household products. Founded in 2013 and based in Cairo, Egypt, the company aggregates local grocery stores within its platform, allowing users to purchase a range of items including groceries, personal care, and home care products. GoodsMart offers a premium shopping experience with next-day delivery, enabling consumers to enjoy fresh products delivered directly to their homes. By streamlining the grocery shopping process, GoodsMart helps users save both time and money, making daily errands more manageable.

Fatura

Seed Round in 2021
Fatura is a technology platform established in 2019 that aims to transform the fast-moving consumer goods (FMCG) industry in Egypt and Africa. It serves as a digital solution connecting FMCG manufacturers and wholesalers directly with retailers, streamlining the traditional trade cycle. By digitizing the ordering process, Fatura addresses significant challenges faced by retailers, such as supply-side inefficiencies and access to market intelligence. The platform enables retailers to make on-credit purchases, thereby improving their working capital. Additionally, Fatura employs advanced data analytics and artificial intelligence to assess the creditworthiness of retailers within its network, enhancing financial decision-making for both retailers and wholesalers. With notable traction in Cairo and Giza, Fatura is positioned to become a leading player in the FMCG technology landscape across the region.

Si-Ware Systems

Venture Round in 2021
Si-Ware Systems is a technology company specializing in the design and manufacture of integrated circuits and micro electro mechanical systems. The company operates in two primary sectors: ASIC Solutions, which focuses on custom ASIC development with expertise in analog/mixed-signal and RF design, and Optical MEMS Technology, which enables the fabrication of multiple optical components on silicon substrates. Si-Ware is also known for its NeoSpectra platform, an all-in-one material analysis solution that employs single-chip FT-NIR spectrometers to facilitate on-site analysis across various industries, including agriculture, food, and life sciences. The company is headquartered in Menlo Park, California, with additional research and development facilities in Paris, France, and Cairo, Egypt.

Swvl

Series B in 2019
Founded in 2017, Swvl is a mobility company that offers an app for booking fixed-rate rides on shared buses and vans during peak commute hours. It operates in Egypt, Kenya, Pakistan, Saudi Arabia, and the United Arab Emirates, serving both individual commuters and corporate clients.

Swvl

Series B in 2018
Founded in 2017, Swvl is a mobility company that offers an app for booking fixed-rate rides on shared buses and vans during peak commute hours. It operates in Egypt, Kenya, Pakistan, Saudi Arabia, and the United Arab Emirates, serving both individual commuters and corporate clients.

Financial Services Company

Venture Round in 2012
FSC is a market leader in retail based financial services. Our professional team and widespread service teams enable our clients to attain the utmost satisfaction. FSC was founded in 2008 with the idea of providing a suite of field based services to banks and financial sectors. Quickly, FSC proved its success and creative approach and diversity. FSC today operates Vodafone One loyalty system as well as having launched Egypt’s first anonymous prepaid cards nationwide, in collaboration with SAIB bank. FSC is currently operating in Egypt with a strategic plan to expand in the MENA region, specifically into North Africa and GCC markets. Our regional expansion is driven by our success and our belief that FSC has the capability and resources to serve its customers wherever and whenever required.

Kngine

Seed Round in 2011
Kngine, Inc. is an intelligent assistant and answer engine that provides users with direct answers to their inquiries. Founded in 2008 and headquartered in San Mateo, California, with an engineering office in Cairo, Egypt, Kngine is designed for developers and businesses to create smart applications. Its platform incorporates advanced natural language understanding and utilizes deep learning, big data, and knowledge-based approaches to deliver accurate responses. Kngine’s technology extracts factual information from web content to enhance its knowledge graph, allowing it to comprehend and process user questions effectively. The platform is capable of automating customer service, powering voice interfaces, and enhancing enterprise search functionality, ensuring that users receive meaningful results. Kngine also offers a beta application for iOS and Android devices, further extending its accessibility. As of 2017, Kngine operates as a subsidiary of Samsung Research America, Inc.

Vimov

Series A in 2011
Vimov LLC is a mobile applications development company founded in 2008 and based in Alexandria, Egypt. The company specializes in creating sophisticated yet user-friendly software solutions aimed at enhancing the end-user experience. Among its notable products is iSimulate, an application that enables developers to wirelessly send multi-touch events, accelerometer and compass data, and GPS location information to the iPhone simulator. Additionally, Vimov has developed a weather forecasting application that provides users with daily temperature updates and rain forecasts, helping them stay informed about weather conditions. The company primarily serves software developers, focusing on innovative applications that improve functionality and usability.
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