Tunisian Startup Cynoia Secures €850,000 Funding for West African Expansion

Tunisian Startup Cynoia Secures €850,000 Funding for West African Expansion

By Staff Writer, 05 December 2023

Tunisian collaborative platform startup, Cynoia, has successfully raised EUR850,000 (US$930,000) in funding to facilitate its expansion into the West African Economic and Monetary Union (UEMOA), focusing primarily on Senegal and Ivory Coast.

Founded in 2022 by Nasreddine Riahi and Ayoub Rabeh, Cynoia is dedicated to streamlining and enhancing collaboration within companies.

The platform consolidates a comprehensive suite of essential tools, covering everything from chat and video conferencing to email and calendar management, document handling, and project management.

With a user base exceeding 3,000 across nine countries, Cynoia is poised for further growth following the successful funding round, supported by United Gulf Financial Services, 216 Capital Ventures, and Bpifrance.

The startup strategically targets expansion in the UEMOA markets, with a particular focus on Senegal and Ivory Coast.

Nasreddine Riahi expressed the shared vision with partners, emphasizing the goal to elevate collaboration and productivity within teams by centralizing various tools and features within a single platform.

Dhekra Khelifi, a partner at 216 Capital, highlighted Cynoia's unique positioning in the global market of high-performing collaboration tools.

Recognizing the startup's potential for international growth and commending its robust team, Khelifi sees Cynoia's strategic approach as a promising formula for future success.

Tom Jackson / Disrupt Africa

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