The ANAVA Fund of Funds is a crucial element in creating a better investment environment. This will allow many players in the innovative entrepreneurship ecosystem to access the capital they need to develop
Fund of Funds ANAVA to create a better investment framework
200 Millions € to launch more than 13 venture capital funds
The Fund of Funds with a target size of € 200 million with an expected first closing of € 100 million aims to invest in 13+ investment funds dedicated to Startups at each stage of their development (Seed Stage, Early Stage and Late Stage).
Investment strategy and fund eligibility criteria
|Fonds Seed Stage||Fonds Early Stage||Fonds Late Stage|
|Scope||Pre-Seed & Seed||Série A||Série B et Série C|
|Child Fund Minimum Size||5 M€||10 M€||50 M€|
|Child Fund Currency||EUR ou TND||EUR ou TND||EUR ou USD ou TND|
|Child Fund Legal Form||Fonds d’Investissement Spécialisé (FIS) under Tunisian Law||Fonds d’Investissement Spécialisé (FIS) under Tunisian Law||Fund under Tunisian or foreign Law|
|Territoriality||Investment in Startups having main activity in Tunisia : they must have an anchor in Tunisia (parent company or subsidiary in Tunisia) with more than 50% of the consolidated workforce based in Tunisia||Investment in Startups having main activity in Tunisia : they must have an anchor in Tunisia (parent company or subsidiary in Tunisia) with more than 50% of the consolidated workforce based in Tunisia||
Investment in innovative companies whose main activity is in Tunisia with a leverage effect of 1.5x the investment of the Fund of Funds in Late stage funds
|Child Funds Maturity||12 + 2 years||10 + 2 years||10 + 2 years|
|FoF Participation Ratio||75%||50%||20%|
|FoF Maximum Ticket||7,5 M€||10 M€||15 M€|
for management companies
selection and decision
The Investment Committee is involved in the investment and disinvestment decisions of the ANAVA Fund of Funds
The Investment Committee meets as often as necessary
It is made up of 5 members, including the CEO of Smart Capital and 4 independent VC / PE experts from the private sector. The term of office of members is 4 years and decisions are adopted unanimously minus 1 member
Managing Director of Smart Capital
Mr. Alaya Bettaieb has nearly 30 years of experience in private equity, venture capital, asset management and innovation.
Khaled was an early investor in several international startups such as Uber, Deliveroo, Student.com, Bolt, Openclassrooms.
Private Equity & Angel Investor
Seif Khoufi is a Managing Director at Five Arrows Principal Investments in London. He is also an active investor within the HBS Alumni Angels Association.
30 years of experience in investment including funds of funds and innovative programs for startups in Africa and the MENA region
Founder and Partner of Ventures01
Selma is a venture capital investor and investment advisor in digital and technological startups
Do you want to submit your application ?
If you have verified all the eligibility criteria and you think you correspond to the profile of the management company sought, do not hesitate to write to us: