| Date | Title | Description |
| 01.09.2026 | Swvl Accelerates US Growth with $13M Funding Round | Swvl secured $13 million in a private placement. Coefficient LP led the investment. Funds target aggressive U.S. market expansion. Swvl will launch new lending products for transport operators. The company also strengthens its financial pos... |
| 31.08.2026 | Swvl Raises $13M in Funding | Swvl, a Dubai, UAE-based provider of technology-driven mobility solutions for enterprises and governments, raised $13M in funding
The round was led by Coefficient LP with participation from an existing shareholder.
The company intends to us... |
| 27.08.2026 | Swvl Raises $13 Million PIPE Led By Sawiris-Backed Coefficient As U.S. Expansion Begins | Swvl Holdings has entered into a definitive agreement for a $13 million private placement led by Coefficient, an investment firm backed by the Sawiris family, providing the mobility technology company with additional capital to accelerate i... |
| 27.08.2026 | Swvl raises $13 M investment from Sawiris-backed Coefficient | Swvl Holdings Corp (Nasdaq: SWVL) (“Swvl” or the “Company”), a leading provider of technology-driven mobility solutions for enterprises and governments, today announced that it has entered into a definitive securities purchase agreement for... |
| 30.09.2025 | BusCaro: Pakistan-Based Commuting Platform Secures $2 Million | BusCaro, a transportation technology company operating in Pakistan, has announced a new funding round of $2 million. The investment was led by Daman Investments and included participation from firms such as Cartography Capital, Epic Angels,... |
| 29.09.2025 | BECO Capital marks final close of two funds for early stage, growth-stage startups | Dany Farha, co-founder and managing partner, BECO Capital
UAE-based venture capital firm BECO Capital, which manages assets worth around $820 million (around Rs 7,279 crore), has announced the final close of its two funds, with an early-sta... |
| 26.09.2025 | From Lagos to Munich: 5 acquisitions and 1 exit – African startups expanding into Europe | I have dedicated my work to building bridges between continents, connecting ecosystems, creating opportunities for exchange, and developing new business ties between startups across Africa and Europe.
We cannot deny that, compared to Europe... |
| 05.09.2025 | New York to host the 12th Angel Fair Africa in September | The 12th Angel Fair Africa event will be held at Google’s offices on 9th Avenue in New York, United States (US), on September 19.
Angel Fair Africa was hosted in Johannesburg, Lagos, Accra, Nairobi, Abidjan, Maputo, Dar es Salaam, Mauritius... |
| 03.07.2025 | Essential Digital Tools for Pakistanis Living in Urban Areas | Share
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Urban life in Pakistan is moving faster than ever. Whether you live in Karachi, Lahore, Islamabad, or Faisalabad, digital tools are now essential for handling daily tasks efficiently.
From paying bills to order... |
| 04.03.2025 | Shahzeb Memon, Swvl's Executive's Vision for Transforming Mobility Landscape in Pakistan | Karachi, Pakistan - Swvl has transformed public transportation in the country, providing a structured alternative to traditional transport methods.
Swvl is transforming public transportation in Pakistan by making daily commutes safer, more ... |
| 20.01.2025 | You Only Live Twice: Sherif Foda, CEO and Chairman, NESR The CEO and Chairman of Nasdaq-listed Middle East oil services company NESR wants to break regional business stereotypes, while making billions... | Sherif Foda flies a million miles a year, "Like a pilot." He likes to push his limits, "Can I still do what I used to do when I was 30?" And he doesn't like to be sick: "I'd rather just drop dead."
It's no wond... |
| 13.12.2024 | YC-backed internet provider Tizeti will become the first Nigerian startup to list on IPO-starved NGX | Tizeti, a Y Combinator-backed internet service provider operating in Nigeria, Togo, and Ivory Coast, will list on the Nigerian Exchange (NGX) two years after first sharing its ambitions to become a public company. An Initial Public Offering... |
| 25.07.2024 | Dopay's $13.5 Million Boost: A Leap Towards Financial Inclusion**
** | ** In the world of finance, a revolution is brewing. At the heart of this change is Dopay, a neobank that is reshaping the landscape for unbanked and underbanked individuals in emerging markets. Recently, Dopay secured $13.5 million in a Se... |
| 23.07.2024 | "We Got Funded!" Egypt-Headquartered DoPay Raises US$13.5 Million In An Extension Of Its $18 Million Series A Round By enabling real-time digital payments -even on weekends and holidays- fro... | DoPay, an Egypt-headquartered digital payroll and payments platform, has raised US$13.5 million in a Series A extension round led by Argentem Creek Partners, a US-based investment firm that specializes in emerging markets. With some of Dopa... |
| 24.06.2024 | A New Report By Lucidity Insights In Partnership With Entrepreneur Middle East Takes A Deep Dive Into Egypt's Startup And Investor Ecosystem Egypt is the MENA's most populous country, Africa's third m... | This month, Lucidity Insights partnered with Entrepreneur Middle East to publish a comprehensive special report looking at Egypt's startup and investor ecosystem titled, Investing in Egypt's Startup Ecosystem in 2024. The special report loo... |
| 03.11.2022 | Zeelo creates 8,000 new jobs for frontline workers in the UK and US | LONDON, Nov. 3, 2022 /PRNewswire/ -- Zeelo - the leading smart bus platform for organisations using proprietary tech, AI-assisted geolocation algorithms, consumer apps and a SaaS platform to provide 100% carbon-neutral daily bus commutes to... |
| 21.10.2022 | Nigeria’s Moove raises £15 million to scale operations in the UK | Moove, an automobile financing firm, has raised £15 million from Emso Asset Management to scale its recently launched operations in the United Kingdom. This recent funding comes two months after Moove expanded into London with a 100% EV fle... |
| 30.05.2022 | SWVL plans to lay off 32% of its team two months after going public | Egypt-born and Dubai-headquartered mobility startup SWVL is planning to lay off 32% of its workforce, it said in a statement today.
The company’s LinkedIn profile shows it has over 1,330 employees. Letting go of over 30% of its workforce me... |
| 31.03.2022 | All eyes are on Swvl as it starts trading on a SPAC combination | Mass transit and shared mobility provider Swvl went public today in a landmark moment for Egyptian and Middle Eastern tech ecosystems. It’s also a test for the company going public despite a market that’s been unfriendly toward combinations... |
| 02.02.2022 | SWVL UPSIZES PIPE TO > $120M WITH PARTICIPATION FROM NEW FLAGSHIP INVESTORS INCLUDING EBRD IN CONNECTION WITH QUEEN'S GAMBIT BUSINESS COMBINATION | DUBAI, UAE, Feb. 2, 2022 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company"), a global provider of transformative tech-enabled mass transit solutions, today announced additional PIPE investments related to its proposed b... |
| 15.10.2021 | Meet the startups changing mobility for emerging middle classes | In emerging economies, where spending billions to build public transit infrastructure can be out of reach, startups are using technology to meet the mobility needs of a rising urban middle class.
Swvl, Treepz, Jatri, SafeBoda, Urbvan, Chalo... |
| 12.10.2021 | Queen Gambit Growth Capital : Swvl Achieves Exceptional Q3 2021 Results and Increases Growth Guidance | DUBAI, UAE, Oct. 12, 2021 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company"), a Dubai-based provider of transformative mass transit and tech-enabled shared mobility solutions, today announced financial results for the t... |
| 05.10.2021 | Swvl Expands Into Europe, LATAM And APAC Via Acquisition Of Mass Transit SaaS Platform Shotl | NEW YORK and DUBAI, UAE, Aug. 19, 2021 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company"), a Dubai-based provider of transformative mass transit and shared mobility solutions, today announced a definitive agreement to a... |
| 01.10.2021 | Queen Gambit Growth Capital : Swvl Unveils "Right To Mobility" ESG Strategy And Launches New Sustainability Initiatives | DUBAI, UAE, Sept. 29, 2021 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company"), a Dubai-based provider of transformative mass transit and tech-enabled shared mobility solutions, today announced the publication of its fir... |
| 29.09.2021 | Swvl Unveils "Right To Mobility" ESG Strategy And Launches New Sustainability Initiatives | DUBAI, UAE, Sept. 29, 2021 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company"), a Dubai-based provider of transformative mass transit and tech-enabled shared mobility solutions, today announced the publication of its fir... |
| 26.08.2021 | Queen Gambit Growth Capital : Swvl Completes Pre-Funding Of $35.5 Million Of PIPE To Accelerate Growth Strategy | DUBAI, Aug. 26, 2021 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company"), a Dubai-based provider of transformative mass transit and shared mobility solutions, today announced that several investors, including Agility and... |
| 19.08.2021 | Swvl Expands Into Europe, LATAM And APAC Via Acquisition Of Mass Transit SaaS Platform Shotl
USA - English USA - English | |
| 19.08.2021 | Swvl Expands Into Europe, LATAM And APAC Via Acquisition Of Mass Transit SaaS Platform Shotl | NEW YORK and DUBAI, UAE, Aug. 19, 2021 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company"), a Dubai-based provider of transformative mass transit and shared mobility solutions, today announced a definitive agreement to a... |
| 19.08.2021 | Swvl Expands Into Europe, LATAM And APAC Via Acquisition Of Mass Transit SaaS Platform Shotl | NEW YORK and DUBAI, UAE, Aug. 19, 2021 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company"), a Dubai-based provider of transformative mass transit and shared mobility solutions, today announced a definitive agreement to a... |
| 05.08.2021 | Queen Gambit Growth Capital : Swvl To Enhance Board With Appointment Of Three Highly Accomplished Women & Tech Leaders | DUBAI, UAE, Aug. 5, 2021 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company"), a Dubai-based provider of transformative mass transit and shared mobility solutions, today announced that upon the completion of its proposed ... |
| 29.07.2021 | Ride-sharing startup Swvl is going public via SPAC at a valuation of USD 1.5 billion | Dubai-headquartered ride-sharing startup Swvl said it is going public through a merger with a special purpose acquisition company, or SPAC. The deal was first reported by The Wall Street Journal. The mobility company is merging with Queen’s... |
| 29.07.2021 | Dubai-Headquartered Tech Startup Swvl Announces Plans To Go Public On Nasdaq With A US$1.5 Billion Valuation | July 29, 2021 4 min read
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.
Swvl Inc., a Dubai-based provider of transformative mass transit and shared mobility solutions, has announced its intentions... |
| 28.07.2021 | Queen Gambit Growth Capital : Swvl, A Transformative Mass Transit Platform, Announces Business Combination With Queen's Gambit Growth Capital | NEW YORK and DUBAI, July 28, 2021 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company"), a Dubai-based provider of transformative mass transit and shared mobility solutions, and Queen's Gambit Growth Capital ("Queen's... |
| 28.07.2021 | VNV Global : portfolio company Swvl to become publicly traded via SPAC merger with Queen's Gambit Growth Capital | VNV Global AB’s (publ) (“VNV Global”) portfolio company, Swvl Inc. (“Swvl”) and Queen’s Gambit Growth Capital (“Queen’s Gambit”) (NASDAQ:GMBT), a publicly-traded special purpose acquisition company, have today announced that they have enter... |
| 28.11.2020 | Swvl expands to Jordan with launch of corporate transportation offering | Dubai-headquartered mass transportation startup Swvl has announced its expansion to Jordan. It is entering the market with the launch of its offering for businesses. Swvl’s core product, the bus-hailing service for consumers, is not live in... |
| 07.05.2020 | ‘Egyptian mobility startup Swvl has raised $20m in new round’ | Egyptian tech startup Swvl has raised over $20-million in a new round completed just before the Covid-19 pandemic took hold in the region, tech publication Menabytes reported today.
The startup was founded in 2017 by CEO Mostafa Kandil (pi... |
| 07.05.2020 | ‘Egyptian mobility startup Swvl has raised $20m in new round’ | Egyptian tech startup Swvl has raised over $20-million in a new round completed just before the Covid-19 pandemic took hold in the region, tech publication Menabytes reported today.
The startup was founded in 2017 by CEO Mostafa Kandil (pic... |
| 26.03.2020 | Covid-19 and African tech startups roundup [26/03/2020] | As South Africa prepares for a 21-day lockdown set to commence at midnight today, food delivery startups say they will continue operating, while an SA alcohol app yesterday saw a 300% increase in sales, ahead of a ban on alcohol sales from ... |
| 26.03.2020 | Covid-19 and African tech startups roundup [26/03/2020] | As South Africa prepares for a 21-day lockdown set to commence at midnight today, food delivery startups say they will continue operating, while an SA alcohol app yesterday saw a 300% increase in sales, ahead of a ban on alcohol sales from ... |
| 20.03.2020 | Latest report puts new number to Egypt’s record year of startup deals in 2019 | Egypt topped the Middle East and North Africa (MENA) region last year when it came to the number of investments concluded by tech startups, a new report has found.
While this may be so, the figures revealed in a new report released earlier... |
| 20.03.2020 | Latest report puts new number to Egypt’s record year of startup deals in 2019 | Egypt topped the Middle East and North Africa (MENA) region last year when it came to the number of investments concluded by tech startups, a new report has found.
While this may be so, the figures revealed in a new report released earlier ... |
| 06.01.2020 | Here are 10 African startups to watch in 2020 | Wondering what 2020 has in store for Africa’s tech startup scene?
If you’re looking to keep tabs on the movers and shakers that will define this year then join us as we look at the 10 startups that you should consider paying attention to i... |
| 06.01.2020 | Here are 10 African startups to watch in 2020 | Wondering what 2020 has in store for Africa’s tech startup scene?
If you’re looking to keep tabs on the movers and shakers that will define this year then join us as we look at the 10 startups that you should consider paying attention to in... |
| 03.01.2020 | African Startups that Received Funding above $20Million in 2019 | Capital is the power nerve and brain box of every venture. It determines the lifespan of the venture and helps the business scale its market power to compete favorably with other startups in the market. In this piece, we take a cursory look... |
| 31.12.2019 | 10 reasons why 2019 was a hot year for Africa’s tech startup scene [Opinion] | Africa’s tech startup scene is doing quite okay. Actually, it’s pretty hot right now.
Even the attack in January by terrorists on a Nairobi office park, in which 21 people died (including six members of Kenyan tech firm Cellulant), can’t ke... |
| 31.12.2019 | 10 reasons why 2019 was a hot year for Africa’s tech startup scene [Opinion] | Africa’s tech startup scene is doing quite okay. Actually, it’s pretty hot right now.
Even the attack in January by terrorists on a Nairobi office park, in which 21 people died (including six members of Kenyan tech firm Cellulant), can’t k... |
| 24.12.2019 | Are these the 10 biggest deals by African tech startups in 2019? | Big money. That’s what African 86 tech startups raised this year.
While not every startup wanted to disclose how much they raised, those that did made a ton of it — almost $290-million going on data from 88 venture capital (VC) disclosed de... |
| 24.12.2019 | Are these the 10 biggest deals by African tech startups in 2019? | Big money. That’s what African 86 tech startups raised this year.
While not every startup wanted to disclose how much they raised, those that did made a ton of it — almost $290-million going on data from 88 venture capital (VC) disclosed d... |
| 29.11.2019 | Why the VC sector has taken off in Egypt in 2019 | Earlier this week indoor advertising platform Adzily raised $12.2-million in funding from a Saudi investor in what’s likely the second biggest venture capital (VC) deal to have been announced involving an Egyptian startup in 2019.
The bigge... |
| 29.11.2019 | Why the VC sector has taken off in Egypt in 2019 | Earlier this week indoor advertising platform Adzily raised $12.2-million in funding from a Saudi investor in what’s likely the second biggest venture capital (VC) deal to have been announced involving an Egyptian startup in 2019.
The bigg... |
| 27.11.2019 | Egyptian advertising platform Adzily raises $12.2m | Egyptian indoor advertising platform Adzily has raised a $12.2-million investment from Saudi investment firm Tharawat Holding Company.
Adzily uses a network of digital display screens placed in cafes, gyms and restaurants.
Tech publication ... |
| 27.11.2019 | Egyptian advertising platform Adzily raises $12.2m | Egyptian indoor advertising platform Adzily has raised a $12.2-million investment from Saudi investment firm Tharawat Holding Company.
Adzily uses a network of digital display screens placed in cafes, gyms and restaurants.
Tech publicatio... |
| 13.11.2019 | Kenya’s obsession with licences puts Swvl operations on hold | Share this article:
The National Transport and Safety Authority (NTSA) in Kenya has suspended the operations of the Egyptian mass transit service Swvl over issues of licensing non-compliance.
The NTSA has accused the transportation technolo... |
| 25.10.2019 | Swvl co-founder Mahmoud Nouh resigns from Egyptian startup | Mahmoud Nouh, the co-founder and COO of Cairo-based transportation service Swvl, has resigned from the company and its board.
Tech publication Menabytes, citing a statement from the Egyptian startup, reported in an article yesterday that N... |
| 25.10.2019 | Swvl co-founder Mahmoud Nouh resigns from Egyptian startup | Mahmoud Nouh, the co-founder and COO of Cairo-based transportation service Swvl, has resigned from the company and its board.
Tech publication Menabytes, citing a statement from the Egyptian startup, reported in an article yesterday that No... |
| 02.10.2019 | BECO Capital closes $100m MENA-focused tech startup fund | Dubai-based early-stage venture capital (VC) firm BECO Capital has announced it has closed a capital raise for a $100-million Middle East and North Africa (MENA) focused tech startup fund, BECO Fund II.
The VC said in a statement today tha... |
| 02.10.2019 | BECO Capital closes $100m MENA-focused tech startup fund | Dubai-based early-stage venture capital (VC) firm BECO Capital has announced it has closed a capital raise for a $100-million Middle East and North Africa (MENA) focused tech startup fund, BECO Fund II.
The VC said in a statement today that... |
| 25.09.2019 | Egyptian B2B e-commerce platform MaxAB nets over $6m | Cairo-based B2B e-commerce marketplace MaxAB announced today that it has closed a $6.2-million seed round.
MaxAB said in an earlier statement that the round was co-led by Beco Capital, 4DX Ventures and Endure Capital with the participation ... |
| 25.09.2019 | Egyptian B2B e-commerce platform MaxAB nets over $6m | Cairo-based B2B e-commerce marketplace MaxAB announced today that it has closed a $6.2-million seed round.
MaxAB said in an earlier statement that the round was co-led by Beco Capital, 4DX Ventures and Endure Capital with the participation... |
| 13.09.2019 | Swvl expands its app-based bus hailing service to Islamabad and Rawalpindi | Swvl, the Dubai-headquartered bus-hailing pioneer, is expanding its service to Islamabad and Rawalpindi. This news has come just weeks after the company launched in Lahore. Swvl will be the first of its kind, a bus-hailing app to launch in ... |
| 20.08.2019 | Investor bets Egypt’s Swvl will hit $1bn in revenue by 2023 | Will Egypt’s Swvl the next big thing to come out of Africa? Maybe.
Swedish venture capital (VC) fund Vostok New Ventures is betting on the Egyptian startup turning a revenue of $1-billion by 2023.
In June the Cairo-based transportation star... |
| 20.08.2019 | Investor bets Egypt’s Swvl will hit $1bn in revenue by 2023 | Will Egypt’s Swvl the next big thing to come out of Africa? Maybe.
Swedish venture capital (VC) fund Vostok New Ventures is betting on the Egyptian startup turning a revenue of $1-billion by 2023.
In June the Cairo-based transportation st... |
| 14.08.2019 | Nigeria’s Kobo360 closes whopping $20m Series-A round led by Goldman Sachs | Nigerian logistics platform Kobo360 has closed what is likely the second biggest investment for an African tech startup in 2019 so far, after concluding a $20-million Series-A funding round led by US multinational investment bank and financ... |
| 14.08.2019 | Nigeria’s Kobo360 closes whopping $20m Series-A round led by Goldman Sachs | Nigerian logistics platform Kobo360 has closed what is likely the second biggest investment for an African tech startup in 2019 so far, after concluding a $20-million Series-A funding round led by US multinational investment bank and financ... |
| 01.08.2019 | Africa Roundup: Canal+ acquires ROK, Flutterwave and Alipay partner, OPay raises $50M | In July, French television company Canal+ acquired the ROK film studio from VOD company IROKOtv.
Canal+ would not disclose the acquisition price, but confirmed there was a cash component of the deal.
Founded by Jason Njoku in 2010 — and bac... |
| 30.07.2019 | Startups BRCK and Swvl partner on free Wi-Fi for Kenyan ride-hail buses | Nairobi-based internet hardware and service startup BRCK and Egyptian ride-hail venture Swvl are partnering to bring Wi-Fi and online entertainment to on-demand bus service in Kenya.
BRCK will install its routers on Swvl vehicles in Kenya a... |
| 28.06.2019 | Here are six of the biggest VC deals so far in 2019 by Egyptian startups | As summer hits Egypt it’s not just the streets that are cooking, with maximum temperatures in the capital Cairo expected to remain above 38 degrees C for the remainder of this week, investment in Egyptian tech startups is also hotting up.
... |
| 28.06.2019 | Here are six of the biggest VC deals so far in 2019 by Egyptian startups | As summer hits Egypt it’s not just the streets that are cooking, with maximum temperatures in the capital Cairo expected to remain above 38 degrees C for the remainder of this week, investment in Egyptian tech startups is also hotting up.
L... |
| 20.06.2019 | Daily funding roundup - June 20th, 2019 | Xealth raised $3M; Humanising Autonomy landed $5.3M; Zeakal secured $10M; Rhumbix closed $14.3M
Xealth: Xealth is a platform for digital health, enabling clinicians to prescribe and monitor digital tools from within the EHR workflow. Xealth... |
| 20.06.2019 | Egypt’s Swvl raises $42-million on a reported $156m valuation [Updated] | UPDATE (20 August 2019): Swvl‘s $42-million raise was based on a valuation of the Egyptian startup of $156.86-million. The valuation was calculated from a disclosure published in a financial report released by Vostok New Ventures this month... |
| 20.06.2019 | Egypt’s Swvl raises $42-million on a reported $156m valuation [Updated] | UPDATE (20 August 2019): Swvl‘s $42-million raise was based on a valuation of the Egyptian startup of $156.86-million. The valuation was calculated from a disclosure published in a financial report released by Vostok New Ventures this month... |
| 17.12.2018 | Are these the 10 biggest disclosed African tech startup deals of 2018? [Updated] | A whole lot of money. That’s what over 60 African tech startups raised this year.
While not every startup wanted to disclose how much they raised, those that did made quite a packet — over $178-million going on data from 48 venture capital ... |
| 17.12.2018 | Are these the 10 biggest disclosed African tech startup deals of 2018? [Updated] | A whole lot of money. That’s what over 60 African tech startups raised this year.
While not every startup wanted to disclose how much they raised, those that did made quite a packet — over $178-million going on data from 48 venture capital... |
| 23.11.2018 | Egypt’s Swvl closes BECO Capital led Series-B round in the ‘tens of millions’ | Cairo-based transportation startup Swvl has raised an undisclosed amount in a Series-B funding round led by Dubai-based venture capital (VC) firm BECO Capital.
The startup — which was founded last year by Mostafa Kandil, Ahmed Sabbah and Ma... |
| 23.11.2018 | Egypt’s Swvl closes BECO Capital led Series-B round in the ‘tens of millions’ | Cairo-based transportation startup Swvl has raised an undisclosed amount in a Series-B funding round led by Dubai-based venture capital (VC) firm BECO Capital.
The startup — which was founded last year by Mostafa Kandil, Ahmed Sabbah and M... |
| - | African Startups that Received Funding above $20Million in 2019 | Capital is the power nerve and brain box of every venture. It determines the lifespan of the venture and helps the business scale its market power to compete favorably with other startups in the market. In this piece, we take a cursory look... |
| - | Why Queen’s Gambit Plans to Take This Transport Startup Public in a $1.5 Billion Blank Check Deal | Victoria Grace views the bus-hailing app Swvl as more than just her first billion-dollar deal. Grace, the CEO of blank check company Queen’s Gambit Growth Capital, believes Swvl takes advantage of trends that present broader opportunities f... |
