ANAVA Injects €3.5M into Tunisia’s New Era Tech Fund
The fund focuses on supporting startups at the Series A stage, particularly in artificial intelligence (AI), biotechnology, and green technologies.
Smart Capital and UGFS North Africa have announced a significant step in innovation financing in Tunisia, with the ANAVA Fund of Funds investing €3.5 million in New Era Fund I. The fund is managed by UGFS-VC and targets early-stage technology startups.
New Era Fund I aims to raise €15 million, having already secured an initial closing of €7 million. The fund focuses on supporting startups at the Series A stage, particularly in artificial intelligence (AI), biotechnology, and green technologies.
UGFS-VC is committed to strengthening Tunisia’s entrepreneurial ecosystem by fostering innovation and supporting the development of high-impact startups.
