Tunisian Startup Biware Raises USD 1.2 Mn Seed Round

Tunisia-based data management and analysis startup Biware, has raised MAD3.5 million (USD 1.2 Mn) in its seed funding round from CDC Gestion and Zitouna Capital. Biware aims to utilize this funding to grow its team to hundred engineers and establish three African and European branches by 2025.

BIWARE is a technological SMB whose aim is to assist businesses in generating value from their data for strategic purposes, such as raising revenues, lowering costs, and minimizing losses. The company provides verticalized solutions with SAS® and Microsoft technologies® to address business issues and assist customers in decision-making, such as customer knowledge and targeting, fraud detection and management, and demand forecasting.