Ekuity Capital has entered the financing round of the New Era Fund I, an Early Stage investment fund dedicated to innovative startups in Tunisia. This transaction brings the amount of the first closing to 7 million euros, out of a target size of 15 million.

New Era Fund I targets early-stage and Series A technology startups, with a strategic focus on three high-impact sectors:

Artificial intelligence (AI)

Biotechnology (Biotech)

Green Technologies (GreenTech)

About Ekuity Capital

ekuity Capital, formerly known as the Tuniso-Kuwaiti Development Consortium (CTKD), was created in 1976 as a joint venture between Kuwait Investment Authority (KIA), the sovereign wealth fund of the State of Kuwait and the Tunisian government. With more than 800 million TD in assets, Ekuity Capital currently has significant investments in a portfolio of around 15 companies. Ekuity Capital's first objective is to create value by developing long-term assets, by actively encouraging companies to make investments that generate growth and profitability, and by supporting their acquisitions

With this subscription, Ekuity Capital joins the fund's first two investors, Smart Capital and UGFS North Africa, bringing the amount of the first closing to 7 million euros, out of a target size of 15 million euros.