# UGFS

> UGFS is a VC fund in Tunis backing Software, SaaS and Mobile Apps. See 16 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Tunis, Tunisia
- Total investments: 16
- Last investment: Oct 2025
- Lead investor: 38%
- Last updated: Aug 2026
- Website: http://www.ugfsnorthafrica.com.tn
- Facebook: https://www.facebook.com/UnitedGulfFinancialServicesNorthAfrica/

UGFS is a VC fund in Tunis focused on Software and SaaS. 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.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $70k–$935k |
| Pre-Seed | $51k–$3M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 3 | 19% |
| SaaS | 2 | 13% |
| Mobile Apps | 2 | 13% |
| Information Technology | 2 | 13% |
| Unified Communications | 2 | 13% |

42 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Venture - Series Unknown | 4 | 25% |
| Seed | 3 | 19% |
| Pre-Seed | 2 | 13% |
| Series A | 1 | 6% |
| Non-equity Assistance | 1 | 6% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Tunisia | 8 | 50% |
| United Kingdom | 2 | 13% |
| France | 1 | 6% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| PayDay Takaful | PayDay Takaful (PDT) is a next generation Technology partner for Insurers, Banks and Employees. | $3M | Pre-Seed | Oct 15, 2025 |  |
| Cynoia | Cynoia will serve as your apps hub and your unique workstation where you can access all your communication & collaboration channels from one place. In the form of a web platform used as an alternative or a complementary tool, You will have access to a unique space gathering built-in communication and collaborative features (Chating,Asynchronous voice and video messages, real-time video meeting spaces, personal and shared calendar, an organization task manager, and an acces to emails) as well as the ability to synchronize with most of the used apps to bring all your data from everywhere on any device. Our platform already supports the most used communication apps and platforms and it is personalizable based on user preferences. Thus, our team is still continuously working on adding other apps support. | $542.8K | Seed | Jun 01, 2024 |  |
| Liberrex | Liberrex is a cutting-edge SaaS platform dedicated to revolutionizing customer experience management. Designed for enterprises and SMBs, Liberrex empowers businesses to deliver customer-centric experiences seamlessly. By leveraging cloud-based technology, the platform optimizes key touchpoints like queue management, online appointment scheduling,and customer feedback collection, enabling organizations to enhance satisfaction, improve operational efficiency, and stay ahead in a competitive landscape. | $110K | Pre-Seed | Jan 01, 2024 |  |
| Cynoia | Cynoia is a cutting-edge SaaS solution designed specifically for B2B businesses. Our platform revolutionizes the way companies communicate and manage workflows by centralizing them into a single, user-friendly interface. | $932.8K | Seed | Nov 29, 2023 |  |
| Cynoia | Cynoia will serve as your apps hub and your unique workstation where you can access all your communication & collaboration channels from one place. In the form of a web platform used as an alternative or a complementary tool, You will have access to a unique space gathering built-in communication and collaborative features (Chating,Asynchronous voice and video messages, real-time video meeting spaces, personal and shared calendar, an organization task manager, and an acces to emails) as well as the ability to synchronize with most of the used apps to bring all your data from everywhere on any device. Our platform already supports the most used communication apps and platforms and it is personalizable based on user preferences. Thus, our team is still continuously working on adding other apps support. | $935.4K | Seed | Nov 28, 2023 |  |
| Kaco | Kaco is a technology company that is revolutionizing the electric scooter business by delivering innovative and sustainable transportation solutions. |  | Venture - Series Unknown | Jul 17, 2023 |  |
| Bambinosit | Bambinosit is a SaaS platform that matches families with over 5000 qualified babysitters and nannies across Tunisia for babysitting, elderly care, and pet-sitting. Available on web and mobile (Android and iOS), our app offers secure scheduling, real-time updates, and seamless payments. With five screening criteria and both local and internationalreach, Bambinosit is ready for franchise expansion. We have raised significant funds, won over five awards in Tunisia and other countries, and participated in international fairs, being recognized among the most innovative solutions in Tunisia. | $50K | Series A | Jun 24, 2023 |  |
| Ijeni | Ijeni bridges the gap between individuals and service providers. It is the first one-stop marketplace for on-demand services in Tunisia. The platform is a mobile and web app marketplace that enables everyone instant access to the service they need. | $70K | Seed | Sep 08, 2022 |  |
| Ijeni | Ijeni bridges the gap between individuals and service providers. It is the first one-stop marketplace for on-demand services in Tunisia. The platform is a mobile and web app marketplace that enables everyone instant access to the service they need. |  | Seed | Jun 30, 2022 |  |
| Bambinosit | Bambinosit is a SaaS platform that matches families with over 5000 qualified babysitters and nannies across Tunisia for babysitting, elderly care, and pet-sitting. Available on web and mobile (Android and iOS), our app offers secure scheduling, real-time updates, and seamless payments. With five screening criteria and both local and internationalreach, Bambinosit is ready for franchise expansion. We have raised significant funds, won over five awards in Tunisia and other countries, and participated in international fairs, being recognized among the most innovative solutions in Tunisia. | $50K | Series A | Jun 01, 2022 |  |

10 of 16 investments shown.

## Co-investors
- [216 Capital](https://shizune.co/investors/profile/216-capital) — VC Fund, 3 deals together
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund, 2 deals together
- [Bioprotection S.A](https://shizune.co/investors/profile/bioprotection-s-a) — VC Fund, 1 deal together
- [Digital Africa](https://shizune.co/investors/profile/digital-africa-1318) — VC Fund, 1 deal together
- [F6 Ventures](https://shizune.co/investors/profile/flat6labs) — VC Fund, 1 deal together
- [F6 Ventures](https://shizune.co/investors/profile/flat6labs-tunis) — VC Fund, 1 deal together

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### Similar country
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## Featured in investor lists
- [All Investors in Tunisia](https://shizune.co/investors/investors-tunisia)
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## FAQ

### What does UGFS invest in?

UGFS invests primarily in Software, SaaS and Mobile Apps startups, most often at Venture - Series Unknown and Seed stage. Most of the 16 investments tracked by Shizune back companies in Tunisia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is UGFS's check size?

UGFS typically joins rounds of $70k–$935k at Seed and $51k–$3M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds UGFS participates in.

### When did UGFS last invest?

The most recent investment recorded for UGFS closed in Oct 2025. Shizune tracks 16 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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