The strategy of the fund of funds is declined on several stages of maturity of the startups in order to diversify risks and maximize performance on a large scale.
# | Seed Stage | Early Stage | Late Stage |
---|---|---|---|
Positioning | Pre-Seed & Seed | Series A | Series B & Series C |
Minimum Fund Size | 5 M€ | 10 M€ | 50 M€ |
Currency of the Fund | EUR or TND | EUR or TND | EUR or USD or TND |
Legal form of the Fund | Specialized Investment Fund (SIF) under Tunisian law | Specialized Investment Fund (SIF) under Tunisian law | Specialized Investment Fund under Tunisian law or an equivalent fund under foreign law |
Geographical anchorage | Investment in Startups whose main activity is in Tunisia: they must have an anchor in Tunisia (parent company or subsidiary in Tunisia) with more than 50% of the consolidated workforce based in Tunisia | Investment in Startups whose main activity is in Tunisia: they must have an anchor in Tunisia (parent company or subsidiary in Tunisia) with more than 50% of the consolidated workforce based in Tunisia | Investment in innovative companies whose main activity is in Tunisia with a leverage effect of 1.5x the investment of the Fund of Funds in Late stage funds |