# Top 5 Finance VC (Venture Capital) Funds in Tunisia in September 2026

## F6 Ventures
- Type: VC Fund
- Location: Tunis, Tunis, Tunisia
- Relevant deals: 4
- Stages: Pre-Seed, Seed
- Focus: E-Commerce, Software, Information Technology

Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, currently running the most renowned startup programs in the region. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming theirinstitutional co-founders.

## Belgian Investment Company for Developing Countries
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 2
- Stages: Debt Financing, Non-equity Assistance, Venture - Series Unknown
- Focus: Financial Services, Finance, Banking

BIO invests in SMEs in developing countries and makes a structural contribution to the socio-economic growth.

## AfricInvest
- Type: VC Fund
- Location: Tunis, Tunis, Tunisia
- Relevant deals: 1
- Stages: Private Equity, Series A
- Focus: Financial Services, Manufacturing, FinTech

AfricInvest was founded in 1994 and is part of Integra Group, an investment and financial services company based in Tunisia.Uniquely positioned as one of the most experienced private equity investors on the continent, AfricInvest has dedicated investment teams focused on North Africa and Sub-Saharan Africa, and employs 66 professionals based inseven offices.AfricInvest manages USD1 billion across 16 funds and benefits from strong, long-term support from both local and international investors, including leading development finance institutions in the United States and Europe.Having co-founded the African Venture Capital Association (AVCA) as well as the Middle East North Africa Private Equity Association (MENAPEA) and the Euromed Capital Forum, the firm is an active promotor of the private equity industry in the region.Since 1994, AfricInvest has invested in 135 companies across 25 African countries in a variety of high growth sectors and maintains a broad network of high quality executives across Africa, offering extensive expertise in key growth industries, including financial services, agribusiness, consumer/retail, education and healthcare.

## Proparco
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Debt Financing, Private Equity, Venture - Series Unknown
- Focus: Financial Services, Energy, Finance

Proparco is devoted to private sector funding in the sustainable development sector.

## UGFS
- Type: VC Fund
- Location: Tunis, Tunis, Tunisia
- Relevant deals: 1
- Stages: Venture - Series Unknown, Seed, Pre-Seed
- Focus: Information Technology, Manufacturing, Software

United Gulf Financial Services-North Africa, established on November 2008, is an asset management company licensed by and working under the control of Tunisian Capital Market Authorities CMF.They offer a comprehensive access to the Tunisian financial market. They provide services through their different business platforms: private equity, assetmanagement, advisory and corporate finance.Their clients are investors such as individuals, corporations and financial institutions.

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