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Swvl

Operating

Swvl is revolutionising the transportation scene in emerging markets, through providing a technology based alternative to public transportation

Updated Source: SLA Startup IndexHow we verify →
Total raised
$269M
disclosed
Last round
$1.5M
Post-IPO Equity
Rounds
10
since 2017
Investors
23
on record
Employees
251-500

About Swvl

It started with an observation turning into a realization, too many cars on the streets, wasting our limited resources: time, space and money. We had to question why we depend so much on our cars? and what are the consequent pains of moving around the city? Rush hours, traffic, terrible driving habits and unavailability of parking spots came rushing through our minds in addition to the pain of high cost of on demand services. While an affordable decent public commuting solution is not accessible, we thought how can we improve people’s lives? And here Swvl was created, revolutionising the transportation scene in emerging markets, through providing a technology based alternative to public transportation, a smart solution that solves the transportation equation, leading to: helping more commute for less, with ease and comfort. Swvl is a revolutionary idea that was born from passion, loyalty and persistence to face all challenges on the table, Swvl is not just a mean to facilitate commuting, but a hunger to strive for solutions, encourage the contribution of youth in innovation and inspire change. We are now operating in three countries; Egypt, Pakistan, and Kenya covering four major cities; Cairo, Alexandria, Lahore, and Nairobi.

Swvl funding10 rounds

All 10 rounds →

Swvl has raised $269M across 10 disclosed rounds. The latest is a $1.5M Post-IPO Equity announced 26 Aug 2026, led by Sofico Holdings.

Capital growthrunning total of disclosed rounds
  1. $500KSeedSeed, $500K, $500K raised to date
  2. $8MSeries ASeries A, $8M, $8.5M raised to date
  3. $68MSeries BSeries B, $68M, $76.5M raised to date
  4. $25MSeries BSeries B, $25M, $102M raised to date
  5. $21.5MFunding RoundFunding Round, $21.5M, $123M raised to date
  6. $112MPost-IPO EquityPost-IPO Equity, $112M, $235M raised to date
  7. $20MPost-IPO EquityPost-IPO Equity, $20M, $255M raised to date
  8. $13MPost-IPO EquityPost-IPO Equity, $13M, $268M raised to date
  9. $1.5MPost-IPO EquityPost-IPO Equity, $1.5M, $269M raised to date

SLA Funding Index · grey is capital raised before each round · 1 undisclosed round not drawn

AnnouncedRoundLead · investorsAmount
26 Aug 2026Swvl Post-IPO EquitySofico Holdings$1.5M
25 Aug 2026Swvl Post-IPO EquityCoefficient LP +1$13M
15 Aug 2022Swvl Post-IPO EquityNot disclosed$20M
01 Apr 2022Swvl Post-IPO EquityZain Group +2$112M
08 Feb 2022Swvl Funding RoundEuropean Bank for Reconstruction and Development$21.5M
07 May 2020Swvl Series BVostok +3$25M
20 Jun 2019Swvl Series BVostok New Ventures +6$68M
22 Nov 2018Swvl VentureBECO Capital +9Not disclosed
23 Apr 2018Swvl Series ABECO Capital +6$8M
17 Jul 2017Swvl SeedCareem$500K

Swvl founders & team

Swvl competitorssame sector · similar funding

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  • Ousta

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  • Slyd

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  • Schoolz

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  • HURRY

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All 26 Transportation startups in Egypt

Frequently asked about Swvl

Where is Swvl based and when was it founded?
Swvl is headquartered in Cairo, Egypt and was founded in 2017.
Who founded Swvl?
Swvl was founded by Ahmed Sabbah (Co-Founder & CTO).
Who is the CEO of Swvl?
Mostafa Kandil is Swvl's CEO.
How much funding has Swvl raised?
Swvl has raised $269M across 10 disclosed rounds. Its latest, a $1.5M Post-IPO Equity, was announced on Aug 26, 2026.
Who has invested in Swvl?
Backers include Sofico Holdings, Coefficient LP, HITE Hedge Asset Management, Zain Group and 19 others.
What sector is Swvl in?
Swvl operates in Transportation and Travel.