Swvl raises $1.5M in private placement, upsizing round to $14.5M

Swvl Holdings Corp (Nasdaq: SWVL) announced a definitive agreement with Sofico Holdings Limited for a $1.5 million private placement of ordinary shares priced at $1.46 per share, according to a company press release.

The transaction brings Swvl's total strategic investment round to approximately $14.5 million, combined with a previously announced private placement on Aug. 25, 2026. The offering is expected to close on or about Aug. 28, 2026, subject to customary closing conditions.

Sofico, a family investment company headquartered in Cairo, Egypt, has agreed to a six-month lock-up on the purchased securities. Following the lock-up period, Sofico agreed to transfer no more than 20% of the purchased securities per 90-day period, with sales not exceeding 20% of the trading volume on the date of any such sale.

Swvl said it intends to use the net proceeds for working capital and general corporate purposes, including expansion of its operations in the United States.

The securities are being offered under Section 4(a)(2) of the Securities Act of 1933 and/or Regulation D and have not been registered under the Securities Act or applicable state securities laws.

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