On October 25, 2022, the 3rd annual report “Startup Tunisia” produced by the management company Smart Capital was published, which reports on the results of the implementation of the national support program for the Tunisian entrepreneurial ecosystem. The turnover of labeled Tunisian start-ups increased from EUR 21.8 million in 2020 to EUR 36.4 million in 2021.
This report is supported by Innov’i – EU4Innovation, a project implemented by Expertise France and funded by the European Union. According to the data in this report, the turnover of labeled Tunisian start-ups increased from 72 M TND (i.e. 21.8 M EUR) in 2020 to 120.2 M TND (i.e. 36.4 M EUR) in 2021 , an increase of 67%.
E-commerce represents 25% of start-up activity, while the Edtech (educational technologies), Business Software and AI (Artificial Intelligence) sectors together account for 23% of the turnover. cumulative business. The cumulative investments of Business Angels (BA), individuals wishing to invest part of their financial assets in innovative companies, represent 6.7 M TND (i.e. 2 M EUR).
The document produced by Smart Capital also indicates that 104.8 M TND (i.e. 31.8 M TND) of fundraising were carried out by Tunisian start-ups (in Tunisia and abroad) in 2021. investors of Tunisian origin (68%), these fundraisings are mainly oriented towards the software sector (44.24%).
Source : Embassy of France in Tunisia