Venture capital firm 216 Capital announced that it had led a pound 850,000 financing round (the equivalent of almost TND 2.9 million) in the Cynoia startup to support its international expansion.
This operation led by 216 Capital, United Gulf Financial Services and Bpifrance, is a crucial step for the start-up.
In finance, a round of financing involves a number of investors working together to raise funds for a company’s capital, often for capital increases or equity investments.
Founded by Nasreddine Riahi and Ayoub Rabeh in 2022, Cynoia aims to simplify and optimise collaboration within companies. The platform centralises a complete set of essential tools, from chat and video conferencing to email, calendar, document and project management, all in one place.
“What’s interesting about Cynoia is its positioning in an international market for high-performance collaboration tools. Their potential for international growth is further enhanced by their strong team, showing a promising combination for future s
uccess,” said partner at 216 Capital Dhekra Khelifi.
Since its creation, the start-up has had an exceptional track record, having managed to equip more than 3,000 users in 9 various countries, testifying to the relevance of its approach.
Founded in Tunis in 2021 by a team of entrepreneurs, investors and company builders, 216 Capital is a venture capital firm focusing on early-stage technology companies.
Source: Agence Tunis Afrique Presse