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Tag: Tunisia

Tunisian startup Kumulus raises US$0.97m pre-seed funding to further improve its product

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TUNISIA – Kumulus, a Tunisian startup that extracts drinking water directly from the air, has successfully closed a €1 million (US$0.97m) pre-seed funding round to further improve its product and even deliver its first pre-ordered copies. Several institutional investors participated in the round, including Paris Techstars Accelerator, Flat6Labs, WILCO and Bpifrance, and business angels. Kumulus is a company that operates…

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VC fund Badia Impact Squared Fund secures US$5m investment from Smart Capital

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TUNISIA – Smart Capital, the management company of the Anava fund of funds, has announced a US$5.2 million commitment to the Badia Impact Squared Fund (BIF2) venture capital fund managed by Silicon Badia. Silicon Badia is a pioneering venture capital group that invests in early-stage and growth-stage technology companies operating globally. Anava has a target size of €100 million (US$100.05m)…

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Fintech startup Paymee secures funding round to accelerate its product development

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TUNISIA – Paymee, a fintech startup offering online payment gateway, has closed a six-figure funding round led by P1 Ventures. The startup will be utilising the funds to accelerate its product development and grow its enterprise offering. It specializes in digitising payment flows that offer online payment acceptance solutions through cards. Its solution can be integrated into any website and…

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French renewable power producer Qair launches floating solar photovoltaic power plant in Tunisia

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TUNISIA – Qair, the French renewable power producer, and Tunisian Electricity and Gas Company (STEG) have inaugurated a floating solar photovoltaic power plant in the Lake of Tunis, the first in the Middle East and North Africa (MENA) region. The new installation which is the first floating solar farm in North Africa covers an area of 2,500 square meters. The…

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Edtech startup GOMYCODE US$8m Series A funding from AfricInvest to help it expand

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TUNISIA – GOMYCODE, a Tunisian edtech startup, has announced the completion of a US$8 million Series A financing. The early-growth round was co-led by AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF), and Proparco, a French-based development finance firm. GOMYCODE’s total funding now stands at US$8.85 million. In October 2020, it raised US$850,000 in startup funding. Wamda Capital, one of…

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EBRD partners Attijari bank Tunisia to support local pharmaceutical sector

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TUNISIA – The European Bank for Reconstruction and Development (EBRD) has partnered with Attijari bank Tunisia to facilitate access to finance for Tunisian Laboratoires Teriak S.A. The collaboration underscores the EBRD and Attijari bank Tunisia’s commitment to supporting Tunisian companies through the partnership they established in 2020. It also reaffirms the importance of companies to Attijari bank Tunisia’s development strategy.…

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