Swvl’s $42 Million Series D Financing

Latham & Watkins LLP advised Swvl in the transaction.

Cairo-based transportation startup Swvl, Inc. (Swvl) raised US$42 million in Series D Preferred Stock financing.

The round was co-led by Swedish VC Vostok Ventures and Dubai-based BECO Capital, with China’s MSA and US-based Endeavor Catalyst.

Swvl is an Egypt-based mass transit system that provides buses to every neighborhood in Cairo. It allows people to share a ride in a van or bus during morning and evening commutes for a fixed fare with no surge pricing.

Latham & Watkins LLP advised Swvl in the transaction, with a team led by Dubai counsel Eyad Latif (Picture) and Dubai associate Omar Maayeh.

Involved fees earner: Eyad Latif – Latham & Watkins; Omar Maayeh – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Swvl, Inc.;

Author: Michael Patrini.