The Maxula Seed Fund seeks to facilitate innovative early-stage Tunisian start-ups with significant growth potential across a range of key sectors.
Established by Maxula Gestion, the Maxula Seed Fund has raised capital from MAE and Arab Tunisian Bank (ATB) insurance companies and wants to support innovative companies.
Maxula Gestion developed the Maxula Seed Fund as part of a synergy with our investment portfolio. According to Raouf Aouadi, Chief Executive Officer (CEO) of the Maxula Seed Fund, our goal is to offer start-ups both funding to develop their activities and new ideas to the companies that make up our portfolio of investments in order to enable them to create new markets.
This month, the Maxula Seed Fund announced its first two investments. They’re in NewGen, a gaming startup founded by Seifeddine Ben Hamouda in May 2019, and agri-tech startup MooMe, a farmers’ decision-making system.