Tunisia-based biotech startup WaterSpirit raised $2.1m - Waya

Tunisian B2B biotech startup WaterSpirit has announced the completion of a fundraising round of DT6.2 million, which almost accounts to $2.1m, the funding came from Tunisian investors and contributors. 

The investment will enable the establishment of an industrial unit capable of cultivating microalgae on a greater scale and extracting the molecules. The startup is also looking at pursuing export opportunities, most notably in the North American and European markets.

The startup was founded by Mehdi Bhouri in 2018 and obtained its startup label in March 2020.