Ekuity Capital has entered the shareholding of the New Era Fund I, an Early Stage investment fund dedicated to innovative startups in Tunisia. This operation brings the amount of the first closing to 7 million euros, out of a target size of 15 million.
Alongside Smart Capital and UGFS North Africa, already present in the first round, Ekuity Capital strengthens the credibility of the fund, which targets young technological companies in the seed and series A stages and whose strategy is based on three high-impact sectors, including artificial intelligence (AI), biotechnology (Biotech), and green technologies (GreenTech).
Formerly known as the Tunisian-Kuwaiti Development Consortium (CTKD), Ekuity Capital is a joint venture between the Kuwait Investment Authority (KIA) and the Tunisian state. The company has a portfolio of around fifteen companies and over 800 million dinars (256 million USD) in assets.
The New Era Fund I is managed by UGFS-VC, the venture capital subsidiary of United Gulf Financial Services-North Africa (UGFS-NA). A recognized player in private equity in Tunisia, UGFS-NA has structured 20 funds and invested in over 100 startups and SMEs for over 15 years.
Thanks to its local presence, sector expertise, and extensive network, UGFS-VC aims, through the New Era Fund I, to support the new generation of Tunisian entrepreneurs and accelerate the emergence of regional technological champions.
