Tunisia’s ANAVA Fund of Funds has committed $4 million to Qatar’s Rasmal Innovation Fund I to channel more global VC into Tunisian startups and strengthen MENA ecosystem links. Rasmal Innovation Fund I, backed by QIA’s $1 billion programme, is targeting $100 million to invest in seed-to-Series B startups across fintech, B2B SaaS, healthtech, and logistics. Press release:Tunisia’s ANAVA Fund of Funds has invested $4 million in Rasmal Innovation Fund I, the debut fund launched by Qatar-based Rasmal Ventures. Its first fund, Rasmal Innovation Fund I, launched in June 2024 and was the first vehicle selected for Qatar Investment Authority’s (QIA) $1 billion Fund of Funds programme. Rasmal Innovation Fund I is targeting a $100 million final close, after already securing $30 million from QIA, corporates, and family offices.