Tunisia's venture capital landscape is experiencing a remarkable transformation, mirroring the country's burgeoning startup landscape. As of 2025, the North African nation boasts a thriving startup scene, with over 1,040 active startups and an impressive ecosystem value of $241.5 million. This growth, marked by a staggering 205% rate, positions Tunisia as an emerging powerhouse in the African tech market. In this dynamic environment, venture capital firms play a crucial role in fueling the growth of promising startups and tech ventures. In this article, we have curated a list of the top venture capital firms in Tunisia that are driving investment momentum in Tunisia.
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Venture Capitalist Funds in Tunisia
The venture capital firms below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2016
Stage: Seed
Focus: Sector Agnostic
Notable Portfolio: HackUp, True Delta, Datasphera, Water Sec, Bako Motors
Year of Inception: 2021
Stage: Seed, Series A
Focus: Aviation, Agribusiness, Fintech, New Technologies
Notable Portfolio: -
Year of Inception: -
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: -
Year of Inception: 2008
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: Polysmart, Vitalight, Net System, CodersCloud
Year of Inception: 2017
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: GoMyCode
Year of Inception: 2020
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: Kumulus, Thndr, Holo, GrowDash, Educatly
Year of Inception: 2021
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Proxalys, Cinoia, Imaginario, Winshot, eSteps
Year of Inception: 2013
Stage: Seed, Series A, Series B
Focus: Sector Agnostic
Notable Portfolio: VNEURON, GAMCO, Aleonat, Tiamed, Publicom
Year of Inception: 2015
Stage: Seed, Series A, Series B, Series C
Focus: Technology
Notable Portfolio: Gebeya, Yoco, YouVerify, Trella, Shipblu
Frequently Asked Questions on Venture Capital Firms in Tunisia
What is the current state of the Venture Capital (VC) market in Tunisia?
The Venture Capital market in Tunisia has been steadily developing in recent years. As of 2025, the country is projected to reach a Total Capital Raised of US$207.50 million in the Venture Capital market. The ecosystem has experienced significant growth, with a 205% increase in Ecosystem Value from July 2021 to December 2023 compared to the previous two-year period.
Which sectors are most attractive to VC firms in Tunisia?
Unlike many African countries where fintech dominates, Tunisia’s startup ecosystem is primarily focused on:
DeepTech (including software, big data, and analytics)
E-commerce & marketplace solutions
Renewable energy and climate tech
Health & biotech innovations
What is the Startup Tunisia initiative, and how does it relate to VC funding?
Startup Tunisia is a comprehensive initiative aimed at fostering innovation and entrepreneurship in the country. Launched as part of Tunisia's broader economic development strategy, it plays a crucial role in attracting venture capital funding to the nation's startup ecosystem. The initiative provides a supportive framework for startups, with three core pillars:
Startup Act: Provides the legal framework for startups
Startup Invest: Creates the investment framework for VC funds
Startup Ecosystem: Supports and promotes the Tunisian startup ecosystem
By creating a more favorable environment for innovation and risk-taking, Startup Tunisia has significantly boosted the country's appeal to both local and international VC firms. This has led to a notable increase in venture capital investments.
How does Tunisia’s VC ecosystem compare to others in the MENA region?
Here's how Tunisia's VC ecosystem compares to others in the MENA region:
Funding: Tunisia's VC funding is relatively modest compared to regional leaders like UAE and Saudi Arabia. In August 2024, Tunisia raised $1 million, while UAE secured $76.87 million and Saudi Arabia $13.93 million.
Startup activity: Tunisia has fewer funded startups compared to top MENA hubs. In August 2024, UAE had 17 funded startups, Saudi Arabia 7, and Egypt 5, while Tunisia's numbers were lower.
Tech talent: Tunisia is recognized for its large pool of tech talent, which is being actively recruited by European companies.
Government initiatives: Tunisia's Startup Act has positively impacted the ecosystem, but it's still catching up to more established hubs like UAE and Saudi Arabia in terms of comprehensive support and funding.
According to the 2024 Global Startup Ecosystem Report, Tunisia ranks:
#3 in MENA for Affordable Talent
Top 10 in MENA for Funding
Top 15 in MENA for Talent & Experience, Bang for Buck, and Performance
Overall, Tunisia is seen as an emerging player with potential, particularly if it can leverage and retain its tech talent base effectively.
Closing Thoughts on Venture Capital Firms in Tunisia
While the venture capital scene in Tunisia is still young compared to more established markets, it's clear that these firms are laying the groundwork for a vibrant and sustainable startup ecosystem. As more success stories emerge and the pool of talented entrepreneurs grows, we can expect to see an even greater influx of investment and innovation in the years to come.
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