Tunisian Founders Who Sold For Usd 120 M Raise Usd 9 M To Do It Again-with Ai

10 Days(s) Ago    👁 22
 

Eighteen months ago, Karim Jouini and Jihed Othmani were ready to retire from startup life, fresh off a nine-figure exit.

Their expense management platform, Expensya, had just been acquired by Swedish fintech Medius in a deal reportedly worth over USD 120 M-one of Africa's largest tech acquisitions made in Tunisia.

But the pull of generative AI and a nagging sense that they had unfinished business has drawn them back into the ring.

Their new startup, Thunder Code , has raised USD 9 M in seed funding to automate and rethink software testing from the ground up using generative AI.

Led by Silicon Badia, with participation from Janngo Capital, Titan Seed Fund, and strategic angels like Roxanne Varza of Station F and Karim Beguir of InstaDeep, the round includes familiar names from the Expensya era, some of whom are former employees turned investors.