Program areas at TAEF
In 2022, taef continued to work to work with persistence, determination, and creativity to support our investee companies and to source new opportunities for the Fund. By the end of 2022, taef had committed nearly all its initial funding and invested over $88 million, leveraging tnd 121 m in external funding. In the process, over 7,000 jobs were maintained and / or created, employing over 57% women and 51% youth and over 413,000 microentrepreneurs received financing to support their businesses. Taef has actively expanded its investment focus throughout the country to promote growth and economic opportunities in the interior and highly demanding regions.for a detailed report, our 2022 annual report is posted on our website: taefund.org.growing smes: tasme, our sme investment subsidiary that is fully funded at $50 million. At the end of 2022 tasme's portfolio consisted of 21 companies, disbursed investment of $ 29.8 m. taef has invested in 3 investment funds financing a total of 13 [a. jordan] part 3, line 4a, carry-over in schedule o, updated.companies.- tuninvest croissance, a private equity Fund investing in mid-largersmes (taef at 15.5%). This Fund is fully invested and is in themonitoring, growth, and exit stage. Taef investment: $2.13 m equity.- inma holding, a private equity investment Fund targeting mid-largesmes, (taef at 30%). Taef has committed $6.038 m equity and disbursed $3.25 m at the end of 2022.- inma finance (taef at 79.65%), taef is a co-founder of this newlycreated private debt vehicle. At the end of 2022 it was invested in 2 companies. Taef has invested $10 m equity. Microentrepreneurs: taef maintained its equity investment in one mfi in 2022, cfe. Cfe ended 2022 with a strong performance, and plans for a capital increase to Fund expansion in 2023. Digital entrepreneurs: taef continued its support of flat6labs and anava seed Fund's investment in digital start-up companies. At the end of 2022, 41% ofthe startups had raised additional follow-on funding, thus leveraging anava seed Fund's investment of tnd 17.6m by tnd 43 m.- flat6labs has been actively involved in providing support, mentors,and technical assistance to all of its startups.- anava seed Fund, the affiliated investment Fund, disbursed its firstpre-series a investment in a company that offers innovative trainingprograms for coding, technology, and digital jobs.at the end of 2022 flat6labs & anava seed Fund had accelerated andprovided seed funding to 75 startups in 10 cycles. One company receiveda pre-series a investment.taef investment in flat6labs & anava seed Fund: committed $4.2 m;disbursed $3.68 m. women employed in the startups: 54%. Youth employedin the startups: 65%entrepreneur searchers (tunisian american search Fund - tasf 2 & 3): in2022, taef's searchers in tasf 2 & 3 both ended their searches.tasf 1 completed acquisition of one company, with an investment of $ 6.05 m equity. More detail including taef's investment map and annual report are available on our website: taefund.org.