More
    HomeEcosystem NewsFlat6Labs Launches Tunisia Seed Fund II to Back Tunisian Startups

    Flat6Labs Launches Tunisia Seed Fund II to Back Tunisian Startups

    Published on

    spot_img

    Flat6Labs, a prominent venture capital firm, has announced the launch of Tunisia Seed Fund II, dedicated to supporting the growth of Tunisian startups. Partnering with Smart Capital, the initiative aims to empower high-potential entrepreneurs through strategic investments and mentorship programs.

    Flat6Labs has established itself as a key player in Tunisia’s innovation landscape. Consistently ranked as the region’s most active investor over the past five years, the organization has demonstrated a strong commitment to fostering local talent and technological advancement. This new collaboration with Smart Capital signifies a significant step forward in Flat6Labs’ mission to propel Tunisian startups onto the international stage.

    Smart Capital brings its extensive network and expertise to the table, providing crucial resources and guidance to budding entrepreneurs alongside Flat6Labs. This collaborative effort is expected to significantly accelerate the growth of Tunisia’s startup ecosystem.

    Flat6Labs Tunis, the organization’s flagship program in Tunisia, serves as the cornerstone of this initiative. Established in 2017 with the support of key stakeholders like Le15, Meninx Holding, TAEF, and BIAT, Flat6Labs Tunis identifies and invests in promising entrepreneurs with innovative ideas.

    Selected startups participate in a rigorous four-month program designed to equip them with the necessary tools and knowledge to transform their concepts into successful ventures. The program offers financial support of up to TND 200,000 ($63,000), with the potential for additional funding ranging from TND 200,000 to 800,000 ($255,000). Additionally, participants receive strategic mentorship, office space, and various perks and services from partner organizations.

    Anava Seed Fund (ASF) serves as another critical pillar in Flat6Labs’ strategy. With a fund size of TND 30 million ($9.5 million), ASF plans to invest in up to 90 early-stage startups over five years. The fund targets industries like ICT, Education, Healthcare Technology, Digital Content, Consumer Internet, and FinTech.

    Through ASF, Flat6Labs Tunis aims to inject fresh capital and expertise into Tunisia’s entrepreneurial ecosystem, driving innovation and fostering sustainable growth. By nurturing promising seed-stage and early-stage companies, ASF seeks to cultivate a robust pipeline of innovative ventures while delivering strong returns to its investors.

    Supported by prominent backers like the International Finance Corporation (IFC), The International Arab Bank of Tunisie (BIAT), TAEF, Meninx Holding, and Sawari Ventures, ASF is well-positioned to make a significant impact on Tunisia’s knowledge economy. The initiative, with its strategic investments and comprehensive support programs, has the potential to shape the future of innovation in Tunisia and beyond.

    Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard.

    Latest articles

    R&D Maroc, the Fund Manager Behind Morocco’s Innov Invest Fund, Returns to the Scene

    Under the second edition of the Innov Invest Fund, R&D Maroc will offer the “Tech Start” program to startups that have progressed beyond the Proof of Concept stage and are ready to develop prototypes or Minimum Viable Products.

    With Over 200 Angels, $10M Renew Venture Lab Fund 2 Seeks Asset-light African Startups

    “Our journey began in 2012, and since then, we’ve been committed to supporting innovation and growth in African startups.”

    South African Climate-tech Plentify Secures Funding for International Expansion

    “Plentify may have cracked the code on how to architect energy management in the smart home of the future — enabling homes to cheaply and easily maximize their solar self-consumption.”

    Egypt’s Kemitt Secures Undisclosed Funding, Expands into Saudi Arabia

    With over 100,000 SKUs, Kemitt’s unique on-demand manufacturing model ensures orders are delivered efficiently within 7 to 12 days.

    More like this

    R&D Maroc, the Fund Manager Behind Morocco’s Innov Invest Fund, Returns to the Scene

    Under the second edition of the Innov Invest Fund, R&D Maroc will offer the “Tech Start” program to startups that have progressed beyond the Proof of Concept stage and are ready to develop prototypes or Minimum Viable Products.

    With Over 200 Angels, $10M Renew Venture Lab Fund 2 Seeks Asset-light African Startups

    “Our journey began in 2012, and since then, we’ve been committed to supporting innovation and growth in African startups.”

    South African Climate-tech Plentify Secures Funding for International Expansion

    “Plentify may have cracked the code on how to architect energy management in the smart home of the future — enabling homes to cheaply and easily maximize their solar self-consumption.”