Funding & Investment
Swvl Secures $13 Million From Sawiris-Backed Coefficient
Team Anecdoted
Startup Atlas
Swvl
Mobility
Swvl provides technology-driven mobility services, such as managed shuttle and mass-transit networks, for companies, governments, schools and healthcare providers. Founded in Cairo in 2017 and based in Dubai since 2019, it has been Nasdaq-listed since 2022 and operates in Egypt, Saudi Arabia, the UAE, Kuwait, Qatar, the UK and the US.
- Headquarters
- Dubai, United Arab Emirates
- Founded
- 2017
- Founders
- Mostafa Kandil, Ahmed Sabbah, Mahmoud Nouh
Funding
- PIPE (private placement)$13M— Coefficient LP (lead, backed by the Sawiris family), HITE Hedge Asset ManagementAug 2026
- Private placement$1.5M— Sofico Holdings LimitedAug 2026
