Tunisian start-up Millesima Technologies specializes in streaming video, video on demand, and data technology. In its fundraising efforts, the company raised 1.5 million dinars, which is about 480 thousand dollars. The company has been registered under the Startup Act.
In order to contribute to the launch of the MYVIOO platform, funds that have been raised from BH Equity, a venture capital investment company that is a subsidiary of BH Bank and has been active in the field of private equity since 1997, as well as from a private company, will be used.
Sharing on their social media platform, Millesima Technologies posted, “We are so pleased and honoured to share with the #network our biggest #news of this #fundraising , it is a very big #step for #Millesima Technologies and the team! This #opportunity will help us achieve our #goal and complete our #mission of #uplifting the #professional world with innovative #visions and #technology.”
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They added, “A big thank you to #BH and #equity who believed in us and our #partners for their support, and of course, our #team for their remarkable hard work!!” customisable and kept private at all times.
Access to the channels can either be purchased for a price or obtained for free. The latter, in particular, makes it possible for the owners of the channel to manage all of the available advertising space.
In 2022, it was anticipated that video would constitute more than 82 percent of all internet traffic across the globe.
In response to this, MYVIOO, which is the first platform of its kind to be established in Tunisia, was developed.
About Millesima Technologies
Millesima Technologies is a Tunisian startup company that was established in 2021 by Haythem Dridi. The company spBourgoues in data technology and video streams and VOD in addition to platforms that are dedicated to face-to-face, hybrid, and 100% virtual events.
Tunis is the location of the company’s headquarters, and it has fewer than fifty people working for it. With Inès BOURGOU serving as CEO and Co-founder of Millesima Technologies, Onsa Ghrairi as Senior Sales Engineer, and Jihene Frikha as Communication and Marketing Manager, the company has been operating efficiently.
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Ways to Raise Funds for Your Business
If you have a striving company that needs upscaling, just like Millesima Technologies and other companies have sourced funds, you could consider the following options
Purchase order financing
Purchase order financing is ideal for businesses that get substantial product orders but lack the cash to produce them until the client pays. Purchase order financing companies compensate your supplier for product production. After shipping the product, your business invoices and receives payment. That payment repays the purchase order finance company. It’s expensive, but it’s an option for businesses that can’t get cheaper financing to fulfil orders.
Contests
Contests provide funds with few limitations. Contests sometimes attract creative or social firms.
Product pre-sales
This raises funds to fulfil orders and lets corporations measure product demand.
Strategic partners
Suppliers, distributors, and customers are strategic partners. Supply chain finance can augment your budget till your business is financially stable.
Incubators
Business incubators assist startups with resources to grow. Incubators boost enterprises beyond monetarily. They also advise network and train entrepreneurs.
Fundraising has been beneficial to lots of startups, and companies like Millesima Technologies have been able to leverage such opportunities to upscale successfully.