portfolio – Sawari Ventures

Almentor

Year founded: 2016

Location of operations: Egypt

website

Established in June 2016 and fully launched in January 2018, Almentor.net is an online, video-based digital education platform catering to Arabic speakers across the MENA region. They are localizing a business model that has been shown to be successful globally. Almentor.net has differentiated themselves from similar platforms in the scene by placing emphasis on the learnings from other global players. They have achieved notable traction in a space where there has been limited success for local players.

 

COMPANY

Almentor

INDUSTRY

EdTech

SECTOR

Technology

Elves

Year founded: 2016

Location of operations: Egypt

website

Elves is an e-Concierge service where users message a real, personal assistant to find, book, buy, and deliver anything, anywhere. Elves provides a mix between real human interaction and specialized bots that cater to users’ needs: from ticketing events, to grocery shopping, to booking flights and purchasing gifts. The company quickly gained traction and the Facebook-messenger based platform became a Facebook featured app.

 

COMPANY

Almentor

INDUSTRY

eConcierge Service

SECTOR

Technology

ExpandCart

Year founded: 2013

Location of operations: Egypt

website

ExpandCart is a fast-growing, e-commerce infrastructure company that offers its customers a Shopify-like experience that is customized to the growing MENA e-commerce market. ExpandCart provides individuals and businesses with a platform to create an online store and establish an online presence, while also enabling them to bypass the technical, operational, and financial complexities that face most entrepreneurs looking to go online.

 

COMPANY

ExpandCart

INDUSTRY

eCommerce

SECTOR

Technology

Flat6Labs Cairo

Year founded: 2011

Location of operations: Egypt

website

Flat6Labs Cairo fosters and invests in bright and passionate Egyptian entrepreneurs with cutting-edge ideas. Launched in 2011 as the first Flat6Labs office in the MENA region, Flat6Labs Cairo supports and encourages entrepreneurs throughout the critical first steps of development. Each cycle, Flat6Labs Cairo selects 8-10 promising teams to join the program.

Once selected, the start-ups are put on the right track to become a full-fledged scalable startup. Each start-up is provided with cash funding (EGP 500,000 – EGP 750,000 ) and select start-ups with follow-on funding (up to EGP2m), strategic mentorship, office-space, a multitude of perks and services from our various partners ($300,000+), and entrepreneurship-focused business training and workshops.

 

COMPANY

FLAT6LABS

INDUSTRY

Start-up Accelerator

SECTOR

Technology

Flat6Labs Tunis

Year founded: 2016

Location of operations: Tunisia

website

Launched in 2016 in partnership with Le15, Meninx Holding, TAEF, and BIAT, Flat6Labs Tunis is a seed and start-up program for startups seeking to promote the growth of Tunisian startups and provide a source of supply to the industry of Venture Capital in Tunisia. In four months, and through its extensive network and numerous partnerships, Flat6Labs Tunis offers Tunisian entrepreneurs financing, a mentoring program, a common workspace, and many other advantages and privileges. In short, a complete entrepreneurship initiation program and numerous preparation workshops, with the aim at the end of the program to finance startups by investors external to the program.

Through this unique offer and program, Flat6Labs Tunis will thus create a new wave of Tunisian entrepreneurs working on innovative solutions and applications, promoting innovation by putting it at the service of the growth of the Tunisian ecosystem.

The program welcomes ideas and startups in the sectors of innovation and the knowledge economy such as (but not exclusively): technologies of education, energy, transport, financial services, information and communication; electronics, hardware & industrial solutions, renewable energies and other ecological technologies.

 

COMPANY

FLAT6LABS

INDUSTRY

Start-up Accelerator

SECTOR

Technology

Hawaya

Year founded: 2017

Location of operations: Egypt

website

Divorce rates have hit unprecedented numbers in Egypt and a chronic lack of compatibility is one of the main reasons behind these staggering divorce rates in Egypt. Furthermore, the current traditional approach, governed by family and societal traditional measures and friends’ recommendations for meeting a potential spouse, is very limiting.

Hawaya demonstrates a modernized and advanced approach towards matching people together through a set of scientifically driven, technologically enabled, and culturally sensitive set of inquiries that are validated by our matching algorithm. Hawaya provides users with a reliable and intuitive opportunity to discover their life-partner.

 

COMPANY

Hawaya

INDUSTRY

Online Traditional Dating

SECTOR

Instabug

Year founded: 2012

Location of operations: Egypt

website

Instabug is a software company that provides mobile app creators with tools such as bug detection, performance monitoring, crash reports, and more. The company joined the second batch of start-ups in the Flat6Labs Cairo acceleration program in 2012. In 2013, Instabug entered the MIT Enterprise Forum start-up competition, winning first place. In 2016, Instabug was accepted into the Y-Combinator program and later that year raised funding. Since then Instabug has reached over 25,000 companies and established numerous reputable partnerships with companies like Verizon, Airbnb, Spotify and more.

 

COMPANY

Instabug

INDUSTRY

Developer Software

SECTOR

KNGINE

Year founded: 2008

ACQUIRED

KNGINE is a natural language search engine that seeks to return meaningful and direct results to its users’ inquiries based upon its semantic technologies. After winning a startup competition, Kngine approached Sawari Ventures for investment. Kngine used the funding to launch a beta mobile application in June 2012 to showcase core technologies. In 2013, the product was further developed and achieved superior performance evaluations when compared to EVI, SIRI and Wolfram Alpha in third party benchmark testing. The company attracted international attention from investors and technology companies and was eventually acquired by Samsung in 2018.

 

COMPANY

KNGINE

INDUSTRY

NLP Engine

SECTOR

MoneyFellows

Year founded: 2014

Location of operations: Egypt

website

MoneyFellows is a digital ROSCA mobile application that creates an automated, convenient, and secure process for individuals who want to set up or join online money circles. ROSCA money circles have members pay-in a fixed monthly instalment into a common pot, and each month one member receives the whole pot. In 2016, MoneyFellows joined the 1864 Accelerator Cycle for Flat6Labs Cairo.

 

COMPANY

MoneyFellows

INDUSTRY

FinTech

SECTOR

Technology

Si-Ware

Year founded: 2004

Location of operations: Egypt, International

website

SiWare, founded as SiWare Systems in 2004, is a fabless (non-manufacturing) semiconductor design house and IP provider focusing on Analog/Mixed Signal/Radio Frequency (RF) solutions with emphasis on timing, sensing, and wireless applications. SiWare uses Optical Micro-Electro-Mechanical Systems (Optical MEMS) to create tiny integrated devices or systems that combine mechanical and electrical components (MEMS technology using Fourier Transform Infrared Spectrometer) under commercial name of NeoSpectra. SiWare has already partnered with a number of leading companies in their respective fields with such examples as John Deere for agriculture and Henkel for beauty/cosmetics.

The timing division of Si-Ware, under the commercial name Pearl,  designs and commercializes reference clocks and timing integrated circuits. Marrying  innovative and differentiated manufacturing technologies with unique design techniques and digital signal processing algorithms, Pearl aims to produce timing products used in high-end industrial, automotive, networking, and telecom applications (including 5G infrastructure).

 

COMPANY

Si-Ware

INDUSTRY

Fabless Semiconductors

SECTOR

SWVL

Year founded: 2017

Location of operations: Egypt, Kenya, Pakistan

website

SWVL is a private premium alternative to public transportation that enables riders heading in the same direction to share a ride during rush hour for a flat fare, thus increasing the overall system’s efficiency and making the process convenient and affordable to all stakeholders. In 2019, SWVL expanded into Kenya and Pakistan and received additional funding to expand further into Africa.

 

COMPANY

SWVL

INDUSTRY

Ride Hailing

SECTOR

Technology