Tunisia’s Anava fund of funds, run by Sensible Capital, has pledged a $5 million funding within the Titan Seed Fund I, which is devoted to funding deeptech startups in Tunisia.
Launched in 2021 as a part of the nation’s nationwide initiative, Startup Tunisia, Anava goals to help startups and promote innovation. The Fund goals to make Tunisia a rustic of innovation and startups on the crossroads of the Mediterranean, the Mena area, and Africa.
In keeping with Anava,the Fund intends to speculate a mean quantity of between €300,000 and €650,000, with the purpose of getting ready them for a Sequence A sort of fundraising which happens when the startup has already marketed a services or products that arouses curiosity and presents growth prospects.
Titan Seed Fund I is a $10 million fund that seeks to put money into 20 deeptech Tunisian startups.
The Fund intends to speculate a mean quantity of between $300,000 and $650,000 in Seed-stage startups, with the purpose of getting ready them for the Sequence A stage.
The brand new fund, Titan Seed Fund I, is managed by the corporate Medin Fund Administration Firm, which obtained approval from the CMF in November 2022.
With an quantity of €10 million, Titan Seed Fund I seeks to put money into virtually twenty Tunisian startups. It represents the primary fund in North Africa targeted on Deep Tech within the seed section .