Swvl Adds $1.5M Sofico Placement, Upsizing Strategic Round to $14.5M
SWVL sits 66% above its 52-week low of $1.3 on elevated volume (62× avg).
Summary
Swvl is adding another $1.5 million to its strategic round via a private placement with Sofico Holdings, a Cairo-based family investment firm with deep transport roots. The new shares are priced at $1.46, matching the prior Coefficient LP placement, and bring the total round to approximately $14.5 million. Sofico agreed to a 6-month lock-up with gradual release thereafter, signaling long-term commitment. This follows the $13 million Coefficient-led PIPE announced yesterday, and the additional capital strengthens Swvl's balance sheet as it expands in the U.S. The offering is expected to close on or about August 28, 2026.
At the time of this announcement, SWVL was trading at $2.16 on NASDAQ in the Technology sector, with a market capitalization of approximately $22M. The 52-week trading range was $1.30 to $4.01. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.