News & Events
Wael Amin, Founder and CEO of ITWorx, joins Sawari Ventures
January 29th, 2015 – Cairo, Egypt – Sawari Ventures announced today that Mr. Wael Amin has joined the firm as a Partner, adding to Sawari Ventures’ strong track record in venture capital investing and the technology industry. Mr. Amin comes with a wealth of experience having co-founded ITWorx at the age of 18 and led its growth over a period of 20 years from start-up to one of the largest and most influential IT companies in the Middle East. During his tenure at ITWorx the company became a fertile breeding ground for innovation and entrepreneurship, producing more than 200 entrepreneurs responsible for many Egyptian technology start-ups.
In his personal capacity, Mr. Amin is also a frequent contributor to the Egyptian start-up mentoring scene, being an Endeavor, Flat6Labs, Google Ebda2, Injaz, and Bedaya mentor and judge. He sits on the board of directors of ITIDA and EITESAL. He is a frequent lecturer on the transformational impact of technology and a guest lecturer at the AUC MBA program.
Mr. Amin views joining Sawari Ventures as an extension of his already established role in the ICT industry and nurturing of great ideas in Egypt and the region, saying “I am extremely excited to join a partnership so passionate about Egyptian and regional entrepreneurs. After 20 years, I have decided it was time to share what we have learned building ITWorx with regional start-ups and entrepreneurs.”
Mr. Ahmed El Alfi, Chairman and co-founder of Sawari Ventures, has commented on the value of having Mr. Amin join the company saying “Wael is one of the brightest people I know, he is a fantastic addition to Sawari Ventures and brings valuable insights and breadth to our team. His experience in building one of the most successful MENA technology companies will be instrumental in helping our portfolio companies build value.” Mr. Hany Al-Sonbaty, Managing Partner and Co-founder of Sawari Ventures added, “I have had the pleasure of dealing with Wael for more than 15 years on a professional basis. His unique personal and professional qualities will in doubt enrich the Sawari partnership.”
Mr. Amin joins Sawari Ventures to help achieve the company’s plans to close its first fund, as well as provide further support to the company’s current and future portfolio companies through his expanse network and IT knowledge and experience.