Latham Advises Swvl in Largest-Ever Funding Round for an Egyptian Startup

Dubai team counsels transport startup.

June 26, 2019

Cairo-based transportation startup Swvl, Inc. (Swvl) has 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 and Dubai associate Omar Maayeh.

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