Top Startup Investors in Tunisia

Tunisia might not be the first place that comes to mind when you think "startup hotspot," but don’t underestimate it. From smart accelerators to scrappy founders, the Tunis startup ecosystem is buzzing with energy right now.

Access to venture capital is crucial though—whether you’re polishing your pitch deck or knee-deep in a cap table headache. So, here’s a straightforward, alphabetical rundown of the most active VC funds and early-stage backers in Tunisia. Save yourself a dozen tabs and thank Arageek for doing the legwork.

216 Capital Ventures has quickly become a go-to for early-stage startups in Tunisia. Set up in 2021, it zeroes in on ambitious founders with a knack for transforming ideas into proper businesses. With a pool of €9 million and an average cheque of €250,000, they’re less about chasing trends and more about backing determined folk—no drama, just results. Their global footprint (Tunis, London, Dubai, and beyond) means they’re not messing about when it comes to reaching new markets. If sustainability or scale is your thing, they’re worth a look.

AfricInvest has its fingers in all sorts of pies across Tunis, Morocco, and Kenya. This outfit likes to get involved at different stages—think funding rounds, Series A, all the way to private equity. They’ve put money into sector giants like Bizao, Turaco, and Moove, focusing mostly on financial services, manufacturing, and fintech. If you’re a founder with regional ambition or a slick solution for Africa’s trickier industries, they’ll want to see that your funding round is more than just hot air.

If you’re looking for deep pockets backing Tunisia's future unicorns, CDC Gestion deserves your attention. Mainly tied to CDC Tunisie and supporting the ANAVA Fund of Funds, these folks sit behind some of the biggest bets on local innovation—even if they keep a low profile. While they may not shout about it, they’re invested in making sure new Tunis startups have a fighting chance in those tricky early years.

Flat6Labs wears the crown as the region’s top seed and early-stage VC. Originally hailing from Egypt, its Tunis arm is now a key player, running accelerator programmes and writing cheques from $50,000 to $500,000 for the best and brightest. They’ve backed more than one hundred startups every year, with a new $95M fund ready to fire up another crop. Got a tech idea with serious legs? This is one for founders who are all in.

Go Big Partners is all about scale and ambition. This lot piles into B2B startups tackling proper global pain points from Tunis. Their €8 million GO LIVE Fund backs early-stage plays in AgriTech, CleanTech, Biotech and more—recently joining 216 Capital to invest in legal-tech upstart Juridoc.tn. If you’ve got a funding round coming up, and a product made for business customers, you’ll want to get on their radar.

Operating between San Francisco and Tunis, MEDIN is one to watch if you’re dreaming global. They run the TITAN SEED FUND I, connecting North African startups (yes, Tunis included) straight to the likes of Silicon Valley, Europe, and Asia. With options for local currency or euros, they’re practical for founders aiming for cross-border expansion from day one.

As the VC arm of telecoms giant Orange, Orange Ventures brings heavyweight corporate clout to the Tunis startup party. Details are sparse, but two Enterprise Tunisia investments suggest they’re hunting for real innovation in digital or telecoms-related plays. If you’ve got enterprise SaaS or deep tech that could benefit from a telecoms tie-up, having Orange in your corner could open serious doors.

RD2 Ventures likes its startups post-traction and ready for serious scale. With a one-track focus on Series A funding, they’ll be watching for anything with an edge in sales automation, marketing automation, or AI. If you’re sweating over your next big funding round, have the product-market fit evidence at the ready—they want substance, not dreams.

Smart Capital sits at the heart of Tunisia’s startup surge, managing the big-ticket ANAVA Fund of Funds. With $60 million in play (and plans to double that), they work mostly behind the curtain, funnelling capital into VCs who then deploy it into early-stage startups. Everything from seed funding to Series A falls under their umbrella. Not a typical VC—think of them more as the puppet masters, enabling other funds to move quicker and invest bolder.

UGFS North Africa is a bit of a Swiss Army knife—venture capital, private equity, asset management, the lot. Under Tunisia’s capital market rules, they invest early, mainly into communications and productivity tools. They’ve backed names like Cynoia and Datavora and bring a more institutional vibe for founders who need more than a typical angel round but less bureaucracy than the big corporates.

Zitouna Capital is shrouded in mystery, but definitely making bets in the Tunisian market—possibly with guidance (and capital) from its namesake bank. With one recent Enterprise Tunisia investment, they seem ready to support homegrown founders. If you’re in early-stage stealth mode, they could be the patient capital you need to get off the ground and into Tunis startup folklore.

In a nutshell, the Tunisian VC scene is finally getting interesting—combining fresh local accelerators, heavyweight regional funds, and deep-pocketed institutional backers. If you’re building something bold, these investors can help you move from idea to impact. Remember: funders care about clarity, numbers, and hustle, not just big dreams. Follow up, do your homework, and you might just see your startup on the next list Arageek puts together.