Swvl Secures $13M PIPE Led by Coefficient LP, Adds Board Member
SWVL sits 64% above its 52-week low of $1.3 on light trading volume (0.1× avg).
Summary
Swvl announced a $13 million private placement led by Coefficient LP, a Houston-based firm backed by the Sawiris family. Coefficient is investing $10 million and will become Swvl's largest institutional shareholder, with its founder Abdalla Ali joining the board. The deal is priced at $1.446 per share, a modest discount to the current $2.13 market price, and is expected to close August 27. Proceeds will fund U.S. expansion, a new lending offering for transport operators, and balance sheet strengthening. This follows strong Q1 2026 results showing 68% revenue growth and narrowing losses, and a recent Saudi Arabia contract win.
At the time of this announcement, SWVL was trading at $2.13 on NASDAQ in the Technology sector, with a market capitalization of approximately $14.6M. The 52-week trading range was $1.30 to $4.02. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.