June 25th, 2024 – ANAVA, the fund of funds supported by the World Bank, CDC, and KFW, is excited to announce its commitment to invest €4,5 Million in GO LIVE Fund managed by GO BIG Partners, represented by Aymen Mbarek.
GO LIVE FUND, is an €8 million fund with a first closing of €6 million. The fund aims to invest in 36 B2B startups at the early stages, offering “Pain Killer” value propositions and providing real solutions to real problems. The fund will target strategic and impactful sectors, including AgriTech, CleanTech, BioTech, HealthTech, and Cyber Security.
Ms Néjia Gharbi, CEO of CDC said: “to the subscription in the 6th child fund, GO LIVE Fund, by the ANAVA fund of funds which aims to invest in 36 startups, reflects our desire to support innovation and Tunisian start-ups, by providing them with the levers they need to grow and go global. We firmly believe that these investments will help to position Tunisia as a major player in the global start-up ecosystem.”
Mr Tarek Triki, acting Managing Director of Smart Capital, added: “Our partnership with GO BIG Partners through the GO LIVE Fund consolidates our efforts to develop the startup ecosystem in Tunisia. We are committed to supporting innovative start-ups that create disruptive, high-impact solutions.
Aymen Mbarek, representative of Go Live Fund, declared: “ “We are honored by ANAVA’s commitment to invest €4.5 million in Go Live Fund. This partnership underscores our shared vision to foster innovation and drive transformative impact within Tunisia.
With the backing of ANAVA, EKUITY CAPITAL and M. Mehdi Ayed, our goal is not just to provide funding to our portfolio startups but also to offer strategic guidance, wide industry networks, and numerous opportunities for global growth and expansion.”
About the ANAVA Fund of Funds :
ANAVA is Tunisia’s first euro-denominated fund of funds. It stands as a key pillar of the national initiative “Startup Tunisia,” with the ambition to position Tunisia as a hub of innovation and startups, within the Mediterranean, MENA, and Africa regions.
With an initial target size of €100 million, including an initial closing of €40 million subscribed by the Caisse des Dépôts et Consignations (CDC) through a loan from the World Bank, and €20 million subscribed by KFW, the fund of funds aims to provide Child funds with the capability to invest in Tunisian Startups in Tunisia and abroad allowing them to address their growth and internationalization needs.
The fund is managed by Smart Capital, a company authorized by the Financial Market Council (CMF), mandated by the Tunisian government to lead out its national Startup Tunisia program.
