Khwarizmi Ventures partially exits Bosta, marking sixth portfolio exit

Saudi VC Khwarizmi Ventures has partially exited its investment in Egyptian logistics startup Bosta, realising a net multiple of nearly 3x on its total position. Khwarizmi invested in Bosta three times, beginning with its Series A and later leading one of the company’s follow-on rounds. Founded in 2017 by Mohamed Ezzat, Bosta provides technology-enabled logistics and last-mile delivery services to businesses across multiple markets. The transaction marks Khwarizmi Ventures’ sixth por