United Gulf Financial Services-North Africa (UGFS-NA), established in November 2008, is an asset management company licensed by the Tunisian Capital Market Authorities. Based in Tunis, Tunisia, it provides services through platforms including private equity, venture capital, asset management, advisory, and corporate finance. UGFS-NA serves clients such as individuals, corporations, and financial institutions, offering comprehensive access to the Tunisian financial market. UGFS-NA has actively invested in early-stage startups in Tunisia, participating in five seed rounds totaling $2.3 million from March 2017 to December 2023. Its investments focus on productivity and workspace (three rounds) and AI and analytics (two rounds), with all activity centered in Tunisia. Notable portfolio companies include Cynoia, which received seed funding of $930K in December 2023, $200K in March 2023, and $70K in December 2021, and Datavora, backed in seed rounds of $1.1M in March 2017 and October 2018. UGFS-NA has co-invested with 216 Capital in two rounds and Bpifrance in one round. It manages multiple funds, including venture capital vehicles like the ATID FUND and Tunisian Development Fund, with an overall managed fund size exceeding 100 million Tunisian dinars as of 2017.