CAPSA Unveils $15M Initiative to Drive Tunisian Economic Growth

Thameur Chagour, CAPSA Capital Managing Director

CAPSA Capital Partners has launched the $15 million NEXT CAP FUND to support high-growth Tunisian startups and drive regional economic development. The fund is divided into two compartments, each with distinct strategies and capital targets.

FIS NEXT CAP 1 aims to raise $4.1 million to invest in startups with at least 50% of their workforce based in Tunisia. Initial funding of up to $320,000 per startup is offered, with follow-on investments reaching $544,000 upon approval. The compartment has a 10-year term, extendable by two years.

FIS NEXT CAP 2 seeks $12.2 million in euro-equivalent capital, offering startups initial funding of up to $288,000, with follow-on investments capped at $480,000. Both compartments are managed independently with separate governance and accounting structures.

CAPSA Capital Partners manages the funds, with Arab Tunisian Bank (ATB) as custodian and distributor, reinforcing investor confidence. The fund focuses on startups with strong Tunisian ties and scalable models, aiming for long-term minority equity positions and structured exit strategies.

Source: Launch Base Africa