Tunisian American Enterprise Fund (TAEF)

Overview

The Tunisian American Enterprise Fund (TAEF) is a fund of funds dedicated to supporting small and medium-sized enterprises (SMEs) throughout Tunisia. Established to drive economic growth, TAEF focuses on financing SMEs, promoting sustainable development, and creating job opportunities across the country. It operates through various investment vehicles, including direct investments and partnerships with other financial institutions, to provide comprehensive support to the SME sector. TAEF's investment strategy encompasses a range of stages, from seed and early-stage investments to growth and late-stage funding. The fund's portfolio spans diverse industries such as technology, healthcare, education, agribusiness, energy, water treatment, and digital and new information technologies. This broad sectoral focus reflects TAEF's commitment to fostering innovation and development across Tunisia's economy. In addition to direct investments, TAEF has co-founded and invested in several funds, including TunInvest Croissance and INMA Holding. These initiatives aim to expand financing options for SMEs, with TunInvest Croissance fully invested in ten SMEs across various sectors and INMA Holding focusing on higher investment levels. TAEF's approach combines equity and quasi-equity financing, as well as private debt financing, to address the diverse needs of Tunisian entrepreneurs. TAEF's mission is to empower entrepreneurs by providing tailored financial solutions that align with their specific business requirements. By leveraging its expertise and resources, TAEF seeks to strengthen Tunisia's investment ecosystem, promote economic growth, and enhance employment opportunities nationwide. TAEF's commitment to supporting SMEs is further demonstrated through its Fellows Program, which connects students with companies that have received investments from TAEF. This program offers students practical experience and exposure to the professional world, while simultaneously supporting the growth of TAEF's investee companies. Through its multifaceted approach, TAEF continues to play a pivotal role in advancing Tunisia's economic development by fostering a dynamic and resilient SME sector.

Investment Focus

• Tunisian owned and managed
• In business at least two years
• Audited financial statements
• Minimum of four employees
• Minimum revenue of TND 500,000

Portfolio Companies