216 Capital is a venture capital firm based in Tunis, Tunisia, focused on early-stage investments in technology-driven startups across sectors. Founded in 2021, the firm supports promising startups with funding, mentorship, and growth networking opportunities. It is leading efforts to bolster tech entrepreneurship across Africa and aims to create impactful solutions. As of recent developments, 216 Capital has reportedly managed to secure $9.6 million to invest in 50 startups at pre-seed and seed stages. The founding team details are not entirely specified in public records.
Attribute | Information |
---|---|
Founding Date | 2021 |
Headquarters | Tunis, Tunisia |
Founders | Not publicly specified |
Revenue | Not publicly disclosed |
Profits | Not publicly disclosed |
Key Investors | Smart Capital’s ANAVA Fund of Funds |
Industry | Venture Capital and Private Equity |
Number of Employees | 2-10 (as estimated via LinkedIn) |
216 Capital was established in 2021 with a vision to empower a new generation of African tech startups. As an early-stage venture fund, it aimed to fill the gap in funding opportunities for innovative startups, particularly in the MENA region. Its strategic focus was on investing in promising pre-seed and seed-stage startups, providing not only capital but also leveraging its network for mentorship and growth strategies.
216 Capital currently manages substantial investments across Africa, engaging in sectors that align with Sustainable Development Goals. The firm capitalizes on the strong talent pool in Tunisia and fosters international collaborations to ensure scalable growth of its portfolio companies. It stands as a significant player in African tech, leveraging extensive networks across multiple continents.
216 Capital plays a crucial role in the African innovation ecosystem, empowering startups with essential resources and guidance. By focusing on technology-driven solutions and sustainable growth, it is positioned to influence the future of African tech entrepreneurship significantly. As it continues to spotlight Tunisian and African innovations on the global stage, its future trajectory looks set towards fostering significant transformational impacts across the continent.