*Data updated daily at 18:00 EAT
Flat6Labs, a regional seed, and early-stage VC firm announced today the second close, and increase of its Tunisia-based Anava Seed Fund (ASF) from USD 3 Mn to USD 10 Mn, expanding its impact through world-class startup programs across the North African markets.
The Anava Seed Fund was launched in 2017 in partnership with the Tunisian American Enterprise Fund, BIAT Bank, and Meninx Holding, to invest in 75 Tunisian early-stage startups in a five-year period. Sawari Ventures is the latest addition to the investors of the Anava Seed Fund, with an investment amount of USD 1.6 Mn.
Over the past four years, the Anava Seed Fund has invested in over 50 startups in Tunisia across 22 different sectors between seed, follow-on, and pre-Series A tickets.