Galactech - Afrikan Heroes

Tunisian Game Publishing Startup, Galactech, Secures Funding From GO-Ventures

April 28, 2021

Galactech, a game publishing startup, located within the Megrine Business Center, has won the first edition of a challenge organised by Tunisie Telecom (Tunisia’s state-owned telecom company) in partnership with Go-Ventures — the Tech-startup fund of Go Malta, a subsidiary of Tunisia Telecom. The challenge was intended to support Tunisian startups in their quest for international markets, especially as it concerns giving them access to the European market.

Several “labelled” Tunisian startups took part in the competition. A total of 5 Tunisian startups were, however, selected following a review of proposals by Go Ventures representatives. The startups include:

Kiwi Software: Innovative software for SMEs: billing, CRM, HR management.
Galactech: e-sport & gaming aggregation.
Historiar: VR/AR applied to cultural tourism (with the use of AI).
Tledger: Fintech (digital payment, crowdfunding, digital identity).
UTIK: Monetizing the digital customer experience using AI to deliver new products.

After further evaluating the proposals of the startups, Galactech was announced the winner of the challenge.

Consequently, the startup will be awarded the following prizes:

10,000 DT ($3.6k), offered by GO Malta.
The opportunity to have its product reviewed and validated by GO Malta on a commercial level.
The opportunity for GO-Ventures to invest up to 100,000 TND ($36k) in the startup.

Tunisia’s Startup Label is a label of merit granted to any company under Tunisian law that meets the criteria of labelling in terms of age, size, independence, innovation and scalability. This Label is the keystone to access the Startup Act universe which helps to make Tunisia a country conducive to Startups at the crossroads of the Mediterranean, the MENA region and Africa).

Galactech game Galactech game

Do Accelerator Programmes Really Matter For Startups In Africa?

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer

Tunisian Entertainment Startup Galactech Secures A Six-figure Pre-Series A Funding

July 13, 2020

Good news for media and entertainment startups in Africa. From Stears to Space in Africa, media and entertainment startups in Africa are proving investment-worthy, even though investors are yet to reach the $1 million threshold seen in other sectors. Tunisia-based entertainment content creation and distribution company Galactech has just closed a six-figure pre-Series A investment round, thanks to the Oman Technology Fund (OMF) and other angel investors.

Here Is What You Need To Know

The funding follows Galactech signing contracts with 30 international telecom operators to expand its reaxh, and will be used to launch a series of gaming services in the MENA region. The funding will also facilitate the startup in exploring “silk roads”, by entering different global markets, particularly in the Africa and the MENA region.
The six-figure Pre-Series A round led by the Oman Technology Fund will enable Galactech to enter more international markets.
Galactech was selected for the second edition of Orange Fab Tunisie, an accelerator by telecom giant Orange, and has since garnered a reputation for itself as a leader in publishing, distribution and content aggregation in the region, and is currently a global strategic partner of Orange Fab Tunisie via a global contract.

A Look At What The Startup Does

Galactech aggregates various entertainment services like video games, Video-on-Demand (VOD) and Media-on-Demand (MOD) through different telecom operators in the Middle East and Africa, in partnership with other startups and content creators in the region.

The startup also built their own platform — OMG — which allows game developers to monetise their games by publishing them on the platform, in addition to more standard platforms like the App Store and Google Play.

In the long run, Galactech hopes to also use the investment to both cultivate the local economy and the mobile gaming ecosystem as a whole and to expedite the chain of content creation through various partnerships with independent developers such as students, and thus pave their way into the market and provide them with important opportunities to enter the market.