The Anava fund of funds managed by Smart Capital has just announced its commitment to invest 4.5 million euros in a new underlying fund called Go Live Fund, managed by Go Big Partners.
This investment is part of the start-up support project, jointly financed by the World Bank, the Caisse des Dรฉpรดts et Consignations (CDC), and the German Development Bank (KfW).
Go Live Fund is an โฌ8 million fund with a first closing of โฌ6 million. The fund aims to invest in 36 early-stage startups with propositions that provide real solutions to real problems.
The fund will target strategic and high-impact sectors, including agrotechnology (AgriTech), clean technology (cleanTech), biotechnology (BioTech), health technology (HealthTech), and cybersecurity.
“The subscription to the 6th childfund (underlying fund) Go Live Fund underlines our desire to support innovation and Tunisian startups by providing them with the levers they need to develop and internationalize. We are convinced that these investments will help position Tunisia as a major player in the global startup ecosystem,” said CDC Director General Nรฉjia Gharbi.
Tarek Triki, Acting Managing Director of Smart Capital, added: โOur partnership with Go Big Partners through the Go Live Fund consolidates our efforts to develop impact solutions for the start-up ecosystem in Tunisia.โ
โThis partnership supports our shared vision of fostering innovation and having a transformative impact in Tunisia. Our goal is not only to offer funding to our portfolio startups, but also to provide them with strategic advice, an extensive industry network, and many opportunities for growth and business expansion globally,โ said Aymen Mbarek, representative of Go Live Fund.
Anava is the first euro-denominated fund of funds in Tunisia. It is one of the essential pillars of the national Startup Tunisia program, which aims to make Tunisia a hub for innovation and startups at the crossroads of the Mediterranean, the Mena region, and Africa.
The fund is managed by Smart Capital, a company approved by the Financial Market Council (CMF) and mandated by the Tunisian government to deploy its national Startup Tunisia program.