SWVL was founded by Ahmed Sabbah, Mostafa Kandil in 2021.

Who are SWVL's investors?

SWVL's investors include Arzan VC, Autotech Ventures, Capria Ventures, Cedar Mundi Ventures, COTU Ventures, DASH Ventures, RAED Ventures, Sawari Ventures and 5 more.

How much funding has SWVL raised?

SWVL has disclosed $6.7M raised across 2 of its 5 known rounds.

Where is SWVL headquartered?

SWVL is headquartered in Dubai, EG.

SWVL

NASDAQ: SWVL

Dubai, EG · Founded 2021 · 15 known investors

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Swvl provides a mobility platform for managing transit and fleet operations. The platform serves businesses and individuals with booking apps, dashboards, and analytics to optimize employee commutes, school transportation, factory shuttles, and city transit.

Enterprise Software Logistics & Supply Chain Mobility & Transportation SaaS

Founders & leadership

SWVL was founded in 2021 by Ahmed Sabbah and Mostafa Kandil.

Ahmed SabbahCo-Founder, CTO2017–2021

Mostafa Kandil Co-founder · CEOAdvisor at Colle Capital Partners

Abdullah Mansour Technical Accounting And Financial Reporting Advisor2025–2025Abdullah Mansour holds a degree in accounting and a CPA credential, bringing expertise in financial reporting and forecasting to his role as Interim Chief Financial Officer at Swvl, a mobility platform for transit and fleet operations.

Gbenga OyebodeNamed on SEC filing

Bjorn von SiversNamed on SEC filing

Steve AlbrechtNamed on SEC filing

Board

Victoria Grace Board directorFounding partner of Colle Capital Partners, an opportunistic early-stage technology venture fund

Youssef Salem Board MemberAdvisor at Colle Capital Partners

Dany Farha Board Member at SwvlFounder & Managing Partner at BECO Capital

Lone SchroderBoard director

Esther DysonBoard director

Ismail AymanBoard director

Investors · 15

Arzan VClisted by Arzan VCKuwait City

How we know: Arzan VC's portfolio page · funding news · menabytes.com · Not right? Tell us

Autotech Ventureslisted by Autotech VenturesMenlo Park · $1M – $8M

Capria Ventureslisted by Capria VenturesSeattle · $300K – $1M

Cedar Mundi Ventureslisted by Cedar Mundi VenturesLondon

COTU Ventureslisted by COTU Ventures$150K – $2M

DASH Ventureslisted by DASH VenturesAmman

How we know: DASH Ventures's portfolio page · Not right? Tell us

RAED Ventureslisted by RAED VenturesRiyadh

How we know: RAED Ventures's portfolio page · funding news · menabytes.com · Not right? Tell us

Sawari Ventureslisted by Sawari VenturesCairo · $200K – $2M

How we know: the VCSheet dataset · Not right? Tell us

Silicon Badialisted by Silicon BadiaNew York · $250K

How we know: funding news · menabytes.com · the VCSheet dataset · Not right? Tell us

VNV Globallisted by VNV GlobalStockholm

BECO CapitalreportedDubaivia Dany Farha · board

How we know: board seat on SEC Form D · funding news · menabytes.com · the VCSheet dataset · Not right? Tell us

Colle Capital PartnersinferredNew York · $500K – $2Mvia Victoria Grace · board

How we know: board seat on SEC Form D · Not right? Tell us

Endeavor CatalystreportedNew York

How we know: funding news · endeavor.org · Not right? Tell us

Also in the syndicate · 2

DiGAMEleadOman Technology Fund

Funding

SEC filings, press & company announcements

$6.7M disclosed across 2 of 5 rounds · 2018–2025

Undisclosed amountSeries AApr 2018
BECO Capital (lead), DiGAME (lead), Silicon Badia (lead), Arzan VC, Oman Technology Fund, Raed Ventures
Source ↗

▶$2MraisedFeb 2025 · 3 investors · Business Services

Rule 506(b)

Officers, directors & promoters on the filing

Youssef SalemDirector
Victoria GraceDirector
Ahmed SabbahDirector
Ahmed MisbahExecutive Officer
Esther DysonDirector
Mostafa KandilExecutive Officer, Director
Ismail AymanDirector
Dany FarhaDirector

Offering amount: $2M
Amount sold: $2M
First sale: Feb 2025
Incorporated: Corporation, Virgin Islands, British, 2021
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$4.7MraisedNov 2024 · 6 investors · Business Services

Rule 506(b)

Officers, directors & promoters on the filing

Ahmed SabbahExecutive Officer
Victoria GraceDirector
Esther DysonDirector
Youssef SalemDirector
Dany FarhaDirector
Abdullah MansourExecutive Officer
Mostafa KandilExecutive Officer, Director
Ismail AymanDirector

Offering amount: $6.7M
Amount sold: $4.7M
First sale: Nov 2024
Incorporated: Corporation, Virgin Islands, British, 2021
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$471.7MofferedApr 2022 · Business Services

Rule 506(b)

Officers, directors & promoters on the filing

Gbenga OyebodeDirector
Youssef SalemExecutive Officer
Victoria GraceDirector
Esther DysonDirector
Dany FarhaDirector
Mostafa KandilExecutive Officer, Director
Lone SchroderDirector
Bjorn von SiversDirector
Ahmed SabbahDirector
Steve AlbrechtDirector

Offering amount: $471.7M
First sale: Apr 2022
Incorporated: Corporation, Virgin Islands, British, 2021
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Founder mafia

4 people who came through SWVL went on to found or lead other companies.

Prateek JindalVP and Head of Products & MarketplaceFounded Powerup Money +1 Emilian PopaBoard Observer + Strategic AdvisorFounded Ilara Health Mohammad Ahsan KidwaiCountry General Manager (Travel)Founded Krave Mart Haider RazaAssistant General ManagerFounded DealCart

Related companies · 5

HopSkipDriveHopSkipDrive operates a marketplace and software platform connecting students and other individuals needing support to vetted caregivers for transportation, while providing school districts with tools like RouteWise AI to optimize their transportation operations. The company focuses on supplemental school transportation to improve educational access and equity.

Circuit of the AmericasCircuit of The Americas is a 1,500-acre motorsports and entertainment facility in Austin, Texas that hosts Formula 1, MotoGP, NASCAR and other major racing championships on its 3.41-mile track, alongside concert venues, RV camping, karting facilities, and car condos. The venue serves racing fans, motorsports competitors, and general entertainment audiences.

MoovitMoovit is a mobile application that provides real-time public transit information, including schedules, maps, and step-by-step directions for buses, trains, trams, and subways across multiple countries.

Formula1Formula 1 is the official website for the FIA Formula One World Championship, providing race highlights, news, statistics, and coverage of F1 and support series such as Formula 2 and Formula 3. It also offers fans tickets, hospitality, merchandise, and experiences related to the racing series.

SeatGeekMobile-focused ticket platform for sports, concert, and theater events.

Companies working in the same space as SWVL.

In the news

Swvl Completes Pre-Funding of $35.5 Million of PIPE to Accelerate Growth Strategy - SWVLswvl.com · Aug 2021

Frequently asked questions

What does SWVL do?: Swvl provides a mobility platform for managing transit and fleet operations. The platform serves businesses and individuals with booking apps, dashboards, and analytics to optimize employee commutes, school transportation, factory shuttles, and city transit.
Who founded SWVL?: SWVL was founded by Ahmed Sabbah, Mostafa Kandil in 2021.
Who are SWVL's investors?: SWVL's investors include Arzan VC, Autotech Ventures, Capria Ventures, Cedar Mundi Ventures, COTU Ventures, DASH Ventures, RAED Ventures, Sawari Ventures and 5 more.
How much funding has SWVL raised?: SWVL has disclosed $6.7M raised across 2 of its 5 known rounds.
Where is SWVL headquartered?: SWVL is headquartered in Dubai, EG.