# SWVL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/swvl

- Industry: Transportation Services
- Headquarters: Dubai, United Arab Emirates
- Website: www.swvl.com
- Total disclosed funding: $80M
- Latest round: Series C (Jun 20, 2019)
- Investors on record: 14

## About

SWVL Inc. is a technology-driven transportation company focused on optimizing public transit. Founded in 2017 by CEO Mostafa Kandil, Mahmoud Nouh, Abdalla Ali and Ahmed Sabbah in the British Virgin Islands. The company's headquarters is located in Dubai, UAE. In August 2025, SWVL Inc. announced to raise USD 13 million led by Coefficient.

SWVL offers a comprehensive suite of mobility solutions designed to optimize transit for various use cases, including corporate commuting, school transportation, and municipal services. Their core products include the Rider App for users to book and manage rides, the Captain App for drivers, the Admin Dashboard for operational oversight, and the Partner Portal for fleet management. These services cater to enterprise clients, educational institutions, and local governments across the Middle East, North Africa, and expanding into Europe, focusing on urban areas that require efficient transit solutions.

SWVL generates revenue through subscription-based models and strategic partnerships with businesses, schools, and government entities. Their agreements are customized to meet specific transit needs, allowing clients to access their technology and fleet services through various pricing structures. Revenue fluctuations are influenced by the scale of these agreements and the number of bookings made via the Rider App, ensuring that operational efficiency and user satisfaction are maintained across their services.

The company plans to use the August 2026 funding to accelerate Swvl’s expansion in the United States; to kickstart its lending offering for the transport operators and partners in its network; and to strengthen the balance sheet to support the Company’s growing pipeline of multi-year enterprise and government contracts.

## Funding rounds

- Series C, Jun 20, 2019, $42M — VNV Global, Sawari Ventures, MSA Capital, Endeavor Catalyst, BECO Capital, Autotech Ventures, Arzan Venture Capital, DASH Ventures, OTF Jasoor Ventures, Blustone
- Series B, Nov 22, 2018, $30M — Sawari Ventures, Silicon Badia, BECO Capital, Arzan Venture Capital, DASH Ventures, DiGAME Investment Company, RAED Ventures, Oman Technology Fund
- Series A, Apr 23, 2018, $8M — Silicon Badia, BECO Capital, Arzan Venture Capital, DiGAME Investment Company, RAED Ventures, Oman Technology Fund

## Investors

- Silicon Badia (https://capitalatlas.ai/funds/silicon-badia) — Series A, Series B
- BECO Capital (https://capitalatlas.ai/funds/beco-capital) — Series A, Series B, Series C
- Arzan Venture Capital (https://capitalatlas.ai/funds/arzan-venture-capital) — Series A, Series B, Series C
- DiGAME Investment Company (https://capitalatlas.ai/funds/digame-investment-company) — Series A, Series B
- RAED Ventures (https://capitalatlas.ai/funds/raed-ventures) — Series A, Series B
- Oman Technology Fund (https://capitalatlas.ai/funds/oman-technology-fund) — Series A, Series B
- Sawari Ventures (https://capitalatlas.ai/funds/sawari-ventures) — Series B, Series C
- DASH Ventures (https://capitalatlas.ai/funds/dash-ventures) — Series B, Series C
- VNV Global (https://capitalatlas.ai/funds/vnv-global) — Series C
- MSA Capital (https://capitalatlas.ai/funds/msa-capital) — Series C
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series C
- Autotech Ventures (https://capitalatlas.ai/funds/autotech-ventures) — Series C
- OTF Jasoor Ventures — Series C
- Blustone (https://capitalatlas.ai/funds/blustone) — Series C