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Tunisia's Millesima Technologies secures $480K from investors

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January 7, 2023
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Home Tech News Africa Tech News

Tunisia’s Millesima Technologies secures $480K from investors

Felicia Akindurodoye by Felicia Akindurodoye
January 7, 2023
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Tunisia's Millesima Technologies secures $480K from investors
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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.”

Read also: Tunisia’s Kumulus To Generate Solar-powered Portable Water

 

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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.

Nigeria turns into a hub for technological innovation and research – Kola Oladejo

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.

Tags: MillesimaTechnologyVideo
Felicia Akindurodoye

Felicia Akindurodoye

Felicia Akindurodoye is an experienced writer and researcher, whose watchword is originality.

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