Tunisia’s ANAVA fund announced on Monday its commitment to invest €4 million in the Janngo Capital Startup Fund (JCSF).
The Janngo Capital Fund is the second investment tool for Janngo Capital Partners and aims to raise €60 million. The fund focuses on investing in approximately 25 startups in Francophone Africa, including Tunisia, in areas such as:
- Early-stage technology and technology-supported ventures
- Improving access to basic goods and services (healthcare, education, financial services)
- Empowering startups to access markets and capital
- Creating sustainable employment opportunities
The fund is financed by:
- The World Bank
- Caisse des Dépôts et Consignations (CDC)
- KFW
And supported by top-tier investors such as:
- The European Investment Bank (EIB)
- The African Development Bank (AfDB)
- Proparco
Investment benefits include:
- Expanding the market for Tunisian startups
- Enhancing their presence in developing Africa
- Building links with other global stakeholders on the continent
ANAVA’s investment in the Janngo Capital Startup Fund marks a significant step in supporting entrepreneurship and innovation in Tunisia and Africa. Through this investment, startups will gain access to essential funding and capital for their growth and development, creating new job opportunities and contributing to the development of local economies.
This move underscores ANAVA’s commitment to supporting startups and making them a fundamental element in achieving sustainable development in Tunisia and Africa.
