Anava Fund of Fund raises $6.4 million to invest in Tunisian startups

Oluwajuwonlo Afolabi -

Anava Fund of Fund, a Tunisia-based investment body has raised $6.4 million in a subscription to 216 Capital Fund I to support startups with high potential for growth in Tunisia.

  • The funds will be used to invest in pre-seed and seed rounds of startups with over $100,000 for each participating firm.
  • Anava Fund targets to support Tunisian startups or startups with 50% personnel employed in Tunisia.
  • It will invest in 13 investment funds dedicated to supporting 350 companies at various stages in the next five years.
  • Smart Capital is the management company of the Anava Fund of Fund.