Anava Commits $5 Million Investment to Back Tunisian Startups Through Titan Seed Fund I
The “ANAVA” fund of funds run by “Smart Capital” expressed its commitment to invest €5 million in a new underlying fund called “Titan Seed Fund I.” It is dedicated to supporting deep tech startups (startups developing highly innovative techniques) in Tunisia.
An agreement was signed during a press meeting held by the Caisse des Dépôts et Consignations (CDC) to present the startup support project «Innovative Startups and SME’s, funded by the World Bank, the CDC, and the German development bank “KFW”.
The new fund, Titan Seed Fund I, is managed by the company Medin Fund Management Company, which obtained approval from the CMF in November 2022. The latter was founded by former Communication Technologies and Digital Economy Minister Noomane El Fehri and Investment Capital Manager Ghazi Ben Othman (each holding 39.99% of his capital).
With an amount of €10 million, «Titan Seed Fund I» seeks to invest in almost twenty Tunisian startups. It represents the first fund in North Africa focused on «Deep Tech» in the «Seed» phase (seed fundraising). The Fund intends to invest an average amount of between €300,000 and €650,000, with the aim of preparing them for a «Series A» type of fundraising. (Series A fundraising occurs when the startup has already marketed a product or service that arouses interest and presents development prospects.)
ANAVA, officially launched on March 23, 2021, is the first fund of funds in Tunisia and Africa. It is one of the key pillars of the national initiative Startup Tunisia, which aims to make Tunisia a country of innovation and startups at the crossroads of the Mediterranean, the Mena region, and Africa.
Checkout our FundraiserCRM
FundraiserCRM, by GetFundedAfrica, is your ultimate solution for finding investors and securing venture capital funding for your business. FundraiserCRM, you can significantly increase your chances of long-term growth by expanding your investor network.
Key Features:
How It Works:
FundraiserCRM operates through three simple steps:
Sign up: Get started by signing up for a free trial. No credit card is required for the trial period.
Find Investors: Use powerful AI algorithms to discover potential investors that align with your business goals and objectives.
Manage and Engage: Once you’ve identified suitable investors, connect and interact with them directly through the platform. Manage your relationships and track your progress towards securing funding.
Pricing: FundraiserCRM offers a free trial with limited access to investors. For detailed pricing information and to explore the full features, please visit the GetFundedAfrica website or contact their sales team.
It’s time to accelerate your fundraising journey and propel your business forward. Sign up now for a free trial of FundraiserCRM No credit card is required! Don’t wait; seize this opportunity and unlock the path to success.
Click here to get started and revolutionize your investor network: http://www.getfundedafrica.com/investor-finder
