Organization · Venture Capital
Smart Capital
Smart Capital is a Tunisian fund management company that invests in innovative startups and SMEs, managing key funds like ANAVA and Innovatech to support the national Startup Tunisia program.
Overview
What Smart Capital does
What Smart Capital is
Smart Capital is a Tunisian fund management company that invests in innovative startups and SMEs, managing key funds like ANAVA and Innovatech to support the national Startup Tunisia program.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2018
- Approximate age
- About 8 years
- Structured capabilities
- Funder
- Last reviewed
- April 25, 2026
Official channels
Find Smart Capital elsewhere
Open the official website or a supported primary organization account.
Capability profile
Smart Capital as a funder
Investment thesis
Supporting Tunisian startup and SME innovation through public-private capital deployment. ANAVA builds a local VC ecosystem by anchoring emerging fund managers; Innovatech provides direct growth capital to maturing SMEs.
Focus narrative
Smart Capital invests primarily in innovative SMEs and startups across various sectors. The organization manages several funds, including Innovatech, which focuses on direct investments in innovative SMEs, and ANAVA, a fund of funds aimed at supporting startups through investments in multiple VC funds. Their strategy emphasizes governance participation and follow-on investment capacity.
Value beyond capital
Smart Capital adds value to its portfolio companies by taking governance seats and providing follow-on investment capacity. The organization emphasizes building a local VC ecosystem and supporting the growth of innovative SMEs through strategic capital deployment.
Terms and economics
- Typical check
- $1,000,000–$2,500,000
- Sweet spot
- $2,000,000
Focus and fit
- Stages
- Seed · Series A · Series B · Growth Equity
- Sectors
- Artificial IntelligenceFintechHealthcareBiotech & Life SciencesConsumerEducationFood & AgricultureClimate & SustainabilityLogistics & Supply ChainEnergy
- Regions
- North Africa · Africa · Mena
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 45
Portfolio context
Smart Capital's portfolio includes investments through the ANAVA Fund of Funds, which has committed to various VC funds such as 216 Capital Fund I, 216 Capital Fund II, and the GO Live Fund. These funds collectively support over 45 startups across 12 African countries, including Tunisia, Nigeria, Senegal, and Morocco.
Common questions
What to know about Smart Capital
Upseed classifies Smart Capital under the Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 25, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.