As part of a new initiative to support startups in Tunisia, Maxula Seed Fund has allocated some funds to NewGen Studios.

The fund which is a joint venture that also includes the insurance company MAE (Mutuelle Assurance de l’Enseignment) and the Arab Tunisian Bank (ATB) on a mission to support the development of the booming startup eco-system – with a particular focus on videogames.

“We believe that Startups can be the future of our country. I am sure that Maxula Gestion will get us a unicorn from among these startups,” said Mohamed Abdel Hakim Sraieb, Director of Studies, Strategic Investment and Investments at ATB.

“We are very happy with our entry in the capital of the Startups which have been selected by the Investment Committee, with the aim of helping them to develop in the future,”Mrs. Myriam Ben Abdennebi, Financial Director of MAE Assurances, said.