216 Capital
Overview
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.
Recent Developments
- June 2025: 216 Capital led a strategic investment round for Talenteo, an Algerian SaaS platform specializing in human resources and payroll management. The investment will help Talenteo expand into Tunisia and further into Francophone Africa, enhancing its AI-based platform (source).
- June 2025: The firm participated in Viva Technology 2025, engaging with startups and investors, showcasing its commitment to technology and innovation across Africa (source).
- March 2025: It backed a $1.3 million funding round for Wattnow, an energy management startup focusing on optimizing energy consumption in the Middle East and Africa (source).
- 216 Capital continues to leverage its international relationships to foster expansion into new markets and support local talent using Tunisia's academic resources.
Company Information
| 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) |
Early History
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.
Company Profile and Achievements
- Investment Strategy: 216 Capital operates by providing early-stage funding to promising startups, aiming to nurture companies with transformative potential.
- Sector Diversity: The firm invests across sectors, including energy management, HR tech, and SaaS solutions.
- Global Collaboration: It has established subsidiaries globally to facilitate international growth.
- Achievements:
- Investment in Talenteo: Supported Talenteo's mission to digitalize HR processes across Africa.
- Wattnow Funding: Assisted Wattnow in expanding its energy solutions beyond Tunisia.
- Support Infrastructure: Partakes in events like Viva Tech and London Tech Week to connect with industry leaders.
Current Operations and Market Position
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.
Conclusion
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.