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African Startup Funding Tracker

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216 Capital Ventures Raises USD 9.6 Mn For First Close Of Fund
216 Capital Ventures Raises USD 9.6 Mn For First Close Of Fund

Tunisia-based VC firm 216 Capital Ventures has raised USD 9.6 Mn in the first tranche of its 216 Capital Fund, of which USD 6.4 Mn was secured from Smart Capital’s ANAVA fund of funds. 216 Capital Fund I is a generalist fund that aspires to invest primarily in pre-seed and seed-stage startups with average ticket sizes of 100,000 Euros. The fund will invest in around 50 Tunisian startups as well as foreign startups that employ more than half of their personnel in Tunisia.