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Money tunisia

Tunisian Anava Fund of Funds invests $5.2 million in Silicon Badia

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated
Tunisian Anava Fund of Funds invests $5.2 million in Silicon Badia
Photo by Towfiqu barbhuiya / Unsplash

Smart Capital, the manager of Anava Fund of Funds based in Tunisia, has invested $5.2 million in Badia Impact Squared Fund (BIF2) to support early-stage tech startups.

  • Silicon Badia manages BIF2 which focuses on investing in Series A and B stages of tech startups in Egypt, Jordan, Tunisia, Morocco, and Lebanon.
  • It is operational in the US and the Middle East and has invested in more than 80 technology startups in 15 industries and cities globally.
  • Anava has raised €40 million of its targeted €100 million and plans to invest in 13 private equity funds.
  • Anava is a financing initiative under the Startup Invest programme managed alongside Startup Tunisia (a national programme in Tunisia), Startup Act (focusing on incentives), and Startup Ecosystem (supporting support structures) by Smart Capital.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated

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