Swvl completes series B funding round

Swvl, an Egypt-based public transit tech startup, has reportedly raised tens of millions of dollars in its series B funding round, which gives the company a USD 100mn valuation. The investment will enable the company finance the launch an R&D facility in Germany and expand into South Asia. Read the article here.

Read a related article here: Swvl raises USD 8mn in series A funding round

The investment was co-led by regional venture fund BECO Capital, DiGAME, Silicon Badia. Other investors participating in the round include Raed Ventures, Arzan VC, Sawari Ventures, Oman Technology Fund and Dash Ventures.