Wamda accelerates entrepreneurship ecosystems throughout the Mena region by joining Wamda’s multi-stage, sector-agnostic investment vehicle, focused on partnering with high growth technology or technology-enabled startups, as well as the leading knowledge platform offering integrated programmes including thought leadership and research, community development, Wamda’s fellowship programme Wamda X, as well as corporate and government advisory services to the various stakeholders of the Mena startup ecosystem. Yacoub: Founders will need to be more conscious than ever to maintain a reasonable cash burn, and if possible, achieve profitability. This means that even founders who are in a position to raise successfully will need to plan to run their businesses at a lower cash burn rate. Share . What effect does the fluctuating oil price have on VCs’ ability to raise investment in the region? Dunya Hassanein We do caution founders that in a more austere fundraising environment, they should expect to see some VCs offer term-sheets with more aggressive anti-dilution and liquidation preference clauses, and that they should think carefully about the potential long-term implications of these terms before accepting offers. Founded by Fady Yacoub, Hisham El Haddad, and Onsi Sawiris in 2015, HOF Capital’s portfolio includes Niantic, Epic Games, UiPath, and HeadSpin. Onsi Sawiris, Managing Partner, HOF Capital. He holds the position of Chairman of Italiaonline SpA and Managing Partner at HOF Capital Management, LLC. Onsi Sawiris - Managing Partner, HOF Capital. Sein Vater Onsi Sawiris begründete 1972 das Unternehmen Orascom.Seine älteren Brüder sind Naguib Sawiris (* 1954) und Samih Sawiris (* 1957). The most detailed guides for Onsi Sawiris How To are provided in this page. Sawiris: In the post-Covid-19 world, VCs will no longer be able to achieve superior returns through a momentum investing strategy, and will instead need to diligently search for investment opportunities that have asymmetric risk-reward profiles, many of which may be non-consensus bets. How does the pandemic affect the future of investments and where do the opportunities lie in a post-Covid-19 world? Learn more, Wamda is licensed under a creative commons attribution-nonCommercial - noDerivs 3.0 unported license. In addition, the Royal Bank of Canada joined the round as a strategic investor. Onsi Sawiris, managing partner, HOF Capital, lead investor on the Series B investment round: “I’m a Facebook user and an Instagram user, and these guys are just monetizing my data left and right, without much transparency. As such, while startups and VCs in Africa and the Middle East will feel the negative impact of this pandemic, these ecosystems have tailwinds and new capital inflows that may cancel out the virus’ consequences to some extent. 12:10 PM Cross-Border FinTech Panel Marc … Amir Ramses - Artistic Director, El Gouna Film Festival. Past crises have inspired entrepreneurs to build new innovations, and also led to consolidation of capital and talent towards the most promising companies. At least if I’m signing up for Drop, I know that if they’re using my data I will get something in return.” He started out in agriculture, before switching to construction and becoming one of the country’s largest contractors. When we last caught up with CEO and founder Derrick Fung, Drop had recently raised its Series A from NEA. Sawiris: Fundamentally, we believe that our interests at HOF are as aligned with founders as they have ever been. Ihm gehört zudem ein ägyptischer Fernsehsender. Information without innovation is just data, Onsi Sawiris’s role in HOF Capital is Co-Founder & Managing Partner, Onsi Sawiris’s email address is o***@hof.capital, Onsi Sawiris’s business email address is o***@hof.capital, Onsi Sawiris’s HQ phone number is (646) 503-5030, Onsi Sawiris’s latest education in BSc - Mechanical Engineering at Massachusetts Institute of Technology. Mr. Onsi Sawiris Advisor to the Board In 1976, Mr. Onsi Sawiris founded Orascom, a leading private sector contractor working in partnership with international companies. View Onsi Sawiris's business profile as Co-Founder & Managing Partner at HOF Capital. Panu Kalmi Ph.D. Onsi Sawiris is the Co-Founder & Managing Partner at HOF Capital based in New York City, New York. Onsi Sawiris works in the industry of Venture Capital & Private Equity, Finance. Nassef Sawiris (arabisch ناصف ساويرس, DMG Nāṣif Sāwīris; * 1961) ist ein belgischer Unternehmer ägyptischer Herkunft.. Leben. Onsi Sawiris Co-Founder & Managing Partner Onsi Sawiris Co-Founder & Managing Partner Onsi Sawiris is a Co-Founder and Managing Partner at HOF... Sawiris Foundation for Social Development. He is also Managing Partner at Hof Capital and on the board of 6 … HOF Capital is a technology-focused venture capital firm that helps ambitious entrepreneurs create massive, enduring businesses. Onsi Sawiris is a Co-founder and Managing Partner at HOF Capital, where he focuses on data analytics, cloud-based technologies, and machine learning. HOF Capital GGI Fund, L.P. /s/ Onsi Sawiris: Onsi Sawiris : Managing Director and Director: 2016-01-19: HOF Capital GGI Fund (Cayman), L.P. /s/ Onsi Sawiris: Onsi Sawiris: Managing Director and Director: 2016-01-19: Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. Mr. Sawiris … New York City, New York, 10011, Please check your email to confirm your subscription. HOF Capital, the global venture firm focused on transformative technologies, has raised $26M for its Capital Growth Opportunity IX fund according to a recent SEC filing. Own your online presence by claiming your ZoomInfo profile, 100 11th Ave, New York City, New York, 10011, United States. In contrast, challenging times usually lead to market consolidation, followed by increased pricing power, stronger financial performance, and higher concentration of the best talent among surviving companies. 10:30 AM Break. investment volume fell by around 8 per cent, Access Bridge Ventures launches with first close of its $25 million fund, Corporates in Mena: From competitors to investors. It focuses its investments on nascent technologies that have the potential to solve big societal problems and counts … We seek to invest in founders with the ambition to build category-leading businesses in large, fast-growing markets. Professor of Economics. Onsi Sawiris. Yacoub: Pandemic-resilience will become a criterion in the sense that investors will now be even more focused on investing in founders who are capable of fending off threats to the company by any means necessary. What is Onsi Sawiris’s role in HOF Capital? We succeed as a firm if and only if our founders achieve their missions, and a pandemic does not change this fact. Our seed and growth funds focus on tech-based startups; with a special focus on businesses that have an international expansion potential. We expect certain sectors like coworking, micromobility (e.g. Sawiris, the youngest of Onsi Sawiris sons ― Naguib and Samih ― moved up from the fourth spot in 2019 to the second spot in 2021 with a 13.3 per cent increase in his wealth. Too much competition in a given market usually leads to market fragmentation, followed by price wars, compressed margins for all players, and dispersion of the best talent among too many companies. Previously, Onsi was the Board Member at Italiaonline S.p.A and also held positions at Anapua FM... Read More, Profiles With a Similar Job Title And Industry, Profiles With a Similar Job Title And Location. Even after this pandemic has passed, it is likely that many of these resulting changes to society will persist and that many of the organisations and people who started using these technologies for the first time will continue using them. Will “pandemic-resilience” become a criterion for investment? We look at over 2,000 companies annually to identify approximately 10 companies with the highest possible potential. In this interview, the three co-founders share their thoughts on the impact of Covid-19 on the investment landscape in the Middle East and North Africa (Mena). Therefore, while VCs in these regions should proceed cautiously, they may be less likely to experience down rounds and write-offs than those in other regions. Who are Onsi Sawiris’s peers at other companies? scooters), physical retail, and travel/hospitality to be most impacted, since these businesses tend to be capital-intensive, have low gross margins, and are heavily affected by social distancing measures. Sign Up . Many investors fear that even after lockdowns are relaxed, consumers will shy-away from public gatherings for the next few years in order to protect their health. Those offers have now led to a big offer from VCs, to the tune of a $44 million Series B round of capital led by Onsi Sawiris of HOF Capital. What impact will that have on the amounts that will be raised in the future? What kind of pressure will that put on founders? Nassef Sawiris of Egypt is the second richest person in Africa with a net worth of $8.5bn. Co-Founder & Managing Partner at HOF Capital. HOF Capital is a global venture capital firm headquartered in NYC. We show you stories worth sharing that are shaping the future of the Middle East & North Africa. Onsi Sawiris, the family patriarch, got it all started in the 1950s. This certainly holds true for the current Covid-19 pandemic, which for the first time in modern history has caused the majority of people in affected countries to socially isolate themselves, resulting in the accelerated adoption of technologies needed to survive in such a world, such as those enabling or related to remote working, telemedicine, e-commerce, digital payments, and robot-powered delivery. Founded in 2015, HOF Capital venture capital firm headquartered in New York, New York with regional offices based in San Francisco and London. Sawiris entstammt einer wohlhabenden koptischen Familie. Find contact's direct phone number, email address, work history, and more. He holds the position of Chairman for Italiaonline SpA and Managing Partner at HOF Capital Management, LLC. Er ist Vorstandsvorsitzender und größter Aktionär des ägyptischen Mobilfunkunternehmens Orascom TMT, das in mehreren Staaten Afrikas, des Nahen Ostens sowie in Südkorea tätig ist. HOF Capital The Company invests in early stage technology companies in digital payments infrastructure, mobile platform, education, e-commerce, and online ticket booking sectors. Sawiris currently sits on … View Profile. Chairman Onsi Sawiris, the son of business mogul Naguib Sawiris, has an extensive record of his own in business, having worked as executive partner in HOF Capital, where he gained much experience in new technologies, including cloud computing and financial technology. HOF Capital is a global venture capital (VC) firm founded in 2016 by three Egyptian entrepreneurs, Fady Yacoub, Onsi Sawiris and Hisham Elhaddad. Email Finder Top Companies Company Search People Search Solutions About Us. Onsi Sawiris is a Co-Founder and Managing Partner at HOF Capital, where he focuses on cloud-based technologies, fintech and enterprise SaaS. In addition, we expect that investors will prioritise startups that do not require any large gatherings and minimal in-person interaction to execute their business models. Yacoub: Challenging times inevitably bring new problems that need to be solved, leading to the creation of new market opportunities and the accelerated growth of some existing ones. Naguib Sawiris (auch Naguib Sawires, arabisch نجيب ساويرس, DMG Naǧīb Sāwīris; * 15. He founded Orascom Construction in 1950. Which industry does Onsi Sawiris work in? With that said, we doubt that the pandemic will kill off investment in these sectors entirely. Dr. Panu Kalmi is Professor of Economics at the University of Vaasa. Shereen Reda - Actress. HOF Capital is a technology venture capital firm. Elhaddad: Data suggests that global VC investment volume fell by around 8 per cent year-on-year (YoY)  in Q1 2020, a statistic which likely understates the eventual impact on funding, since many investors did not appreciate the severity of the pandemic until late February or early March. Hence, the startup founders that can quickly adapt to this challenging time and solve the new problems that have arisen will likely find themselves building the next generation of category-leading businesses. It is likely that by the time this pandemic finally ends and the global economy begins to recover, these markets and others will have significantly consolidated. In the post-Covid-19 world, the startups that are able to survive and grow will likely find themselves with greater pricing power than before and an even higher proportion of the best talent in the industry, enabling them to become even more successful than they would have been in a pre-Covid-19 world. HOF Capital | 2,065 followers on LinkedIn | HOF helps ambitious entrepreneurs create massive, enduring businesses. The 60-year old’s largest asset is a nearly six per cent stake in sportswear maker, Adidas. What do you think is the impact of the Covid-19 outbreak on VCs, especially those in Mena? Onsi Naguib Sawiris is Co-Founder & Managing Partner at HOF Capital, Inc. View Onsi Naguib Sawiris’s professional profile on Relationship Science, the database of decision makers. United States. Portfolio; Team; Ethos; Blog; Careers; Portfolio; Team; Ethos; Blog; Careers; We help founders build enduring companies. Onsi Sawiris’s peers at other companies are Bryan Colwell, Marcio Cabrera, Jordan Nof, Christopher Gaffney, Jackson Giles. Cherine T. Magora - Head of Strategic Partnership, Middle East, Africa & Pakistan, TikTok Nardine Farag - TV Presenter and Actress. 10:45 AM Showcase Pitches and Discussion. He sits on the boards of ItaliaOnline (BIT:IOL), Voltaire Capital, Digital World Capital, Mach Music, World Capital Services, DADA (BIT:DA), and is a Board Observer at Orascom TMT Investments. Elhaddad: Companies with unprofitable unit economics are likely to struggle most severely, since these companies may find that follow-on funding is unavailable when next they need it. Many of the most successful technology companies today were started or built during challenging times. HOF Capital General Information Description. Thank you! Is this a moment of convergence or divergence of interests between founders and VCs? Dunya Hassanein. Please check your email to confirm your subscription. We expect that this pandemic will be no exception. Sawiris currently sits on the boards of Drop Technologies, ItaliaOnline, Riverbank, OPTii Solutions, Mach Music, and is a Board Observer at Orascom TMT Investments. His sons Nassef and Naguib are also billionaires. Sawiris: It’s too early to say with certainty, but we do expect it to become more challenging for VCs to fundraise in the region. Sawiris: Despite the obvious challenges that this pandemic poses towards the broader economy and technology industry, it is not all bad news for startup founders and venture capitalists. Author: Founders Fady Yacoub, Hisham Elhaddad, Onsi Sawiris; Operating Status Active; Hub Tags Crunchbase Venture Program Investor Type Entrepreneurship Program Investment Stage Early Stage Venture, Initial Coin Offering, Late Stage Venture, Secondary Market, Seed, Venture Number of Exits 1; Contact Email nyc@hof.capital; Phone Number (646) 503-5030; HOF Capital is a venture capital … We anticipate that the YoY drop-off in investment volume will be even steeper in Q2 and Q3. Onsi Sawiris’s colleagues are Christopher Wan, Penny Chenh, Hisham Elhaddad, Karim Fattal. 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