Sawari launches $50mln fund targeting North African tech startups

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Sawari Ventures announced the launch of a new $50 million venture fund at Egypt’s recent Economic Development conference at Sharm el Sheikh.  The fund, Sawari Ventures Fund I, is expected to close by the end of the year and to start deploying capital in early 2016.  It will target growth stage tech startups in Egypt, Morocco and Tunisia, and expects to invest between $2 million to $3 million in twelve to fifteen companies over the 4-year life of the fund.

Read more at Wamda…

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