2018 Funding insights in Tunisia
Tunisia’s startup ecosystem is rapidly growing with more than 150 identified entities providing support, training, or hosting services to startups. Startups too are gaining attention from investors. Recently InstaDeep, one such Tunisian startup raised $7 million in Series A, the largest recorded in the country.
The 2018 investment fund growth is recorded to be 215% from 2017, while number of deals increased by 21.
40 of the country’s startups across 18 different sectors, received a total investment of $22.1 million through 48 recorded deals in 2018.
As expected, most of the investment went to FinTech startups, followed by ecommerce.
Most active local investors include Africinvest, United Gulf Financial Services North Africa, and Capsa Capital partners when it came to amount of funds invested. When it comes to number of deals, United Gulf Financial Services North Africa, Flat6Labs Tunisia, and Intelak lead the country.
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The 2018 investment fund growth is recorded to be 215% from 2017, while number of deals increased by 21.MAGNiTT