In 2024, Morocco's venture capital landscape is thriving, with several key firms driving innovation and supporting the growth of emerging startups. These firms play a crucial role in fostering a dynamic entrepreneurial ecosystem, providing essential funding, mentorship, and resources to help young companies succeed. This guide highlights the most active venture capital firms in Morocco, offering insights into their investment activities.

Maroc Numeric Fund

• 🏦 HQ: Casablanca

• 👨‍💻👩‍💻 Leadership: Dounia Boumehdi, Omar El Hyani

• 💵 Average Ticket Size: $100K-$1M

• 🔢 Number of Investments: 10-50

• 👜 Notable Portfolio companies: Logidoo, Agenz, Atlan Space

CDG Invest

• 🏦 HQ: Rabat

• 👨‍💻👩‍💻 Leadership: Yassine Haddaoui, Mehdi Ziady, Nawfal Fassi-Fihri

• 🔢 Number of Investments: 10-50

• 🏢 CDG’s programs: 212 Founders, Génération Entrepreneurs

• 💵 Average Ticket Size: $300K-$2M

• 👜 Notable Portfolio companies: Freterium, LNKO, Crealo

UM6P Ventures

• 🏦 HQ: Benguerir

• 👨‍💻👩‍💻 Leadership: Yassine Laghzioui

• 🔢 Number of Investments: 10-50

• 🎯Target Sectors: Deeptech Ventures, Digital Transformation Vertical

• 👜 Notable Portfolio companies: Weego, Smartprof, Terraa

Afrimobility

• 🏦 HQ: Casablanca

• 👨‍💻👩‍💻 Leadership: Moulay Hafid AMRANI, Youssef Loudyi

• 🔢 Number of Investments: 10-50

• 🎯Target Sectors: Healthtech, Deeptech, Greentech, Fintech, Agrifood-tech, Mobility and Smart City

• 💵 Average Ticket Size: $100K-$500K

• 👜 Notable Portfolio companies: CloudFret, Cathedis, VelyVelo

First circle capital

• 🏦 HQ: Casablanca

• 👨‍💻👩‍💻 Leadership: Selma Ribica, Agnes Aistleitner Kisuule

• 🔢 Number of Investments: 10-50

• 🎯 Target Sectors: Fintech

• 🪜 Stage: Pre-Seed, Seed

• 👜 Notable Portfolio companies: Wafr, MNZL, Terminal

IBP Participations S.A.

• 🏦 HQ: Casablanca

• 👨‍💻👩‍💻 Leadership: Ilan Benhaim, Michael Benhaim

• 🔢 Number of Investments: 1-10

• 👜 Notable Portfolio companies: Pip Pip Yalah, Saweblia, ShipEx

Azur Innovation management

• 🏦 HQ: Casablanca

• 👨‍💻👩‍💻 Leadership: Tarik HADDI, Adnane FILALI, Khalil Azzouzi

• 🔢 Number of Investments: 10-50

• 👜 Notable Portfolio companies: Konta, Agenz, DataPathology

Wita Ventures

• 🏦 HQ: Casablanca

• 👨‍💻👩‍💻 Leadership: Hiba Mrani Alaoui

• 🔢 Number of Investments: 1-10

• 💵 Average Ticket Size: $200K

• 👜 Notable Portfolio companies: LaCaisse, Konta, DataPathology

Plug and Play Africa

• 🏦 HQ: Casablanca

• 👨‍💻👩‍💻 Leadership: Aziz El Hachem

• 🔢 Number of Investments: 1-10

• 👜 Notable Portfolio companies: Chari, CloudFret, DeepEcho

EmergingTech Ventures

• 🏦 HQ: Casablanca

• 👨‍💻👩‍💻 Leadership: Meriem Zairi, Abdelouahid Benlamlih, Sidi Mohammed Zakraoui

• 🔢 Number of Investments: 1-10

• 👜 Notable Portfolio companies: Spore.bio, Mazma, SowIT

Outlierz Ventures

• 🏦 HQ: Casablanca

• 👨‍💻👩‍💻 Leadership: Kenza Lahlou

• 🔢 Number of Investments: 10-50

• 🪜 Stage: Pre-Seed, Seed, Pre-Series A

• 👜 Notable Portfolio companies: Freterium, Maxab, Wasoko

Kalys Ventures

• 🏦 HQ: Casablanca

• 👨‍💻👩‍💻 Leadership: Ghita Zniber, Salma Benaddou Idrissi

• 🔢 Number of Investments: 1-10

• 💵 Average Ticket Size: $50K-$200K

• 👜 Notable Portfolio companies: Weego, Logidoo

Endeavor Morocco

• 🏦 HQ: Casablanca

• 👨‍💻👩‍💻 Leadership: Zineb KHAYATEI

• 🔢 Number of Investments: 1-10

• 👜 Notable Portfolio companies: Chari

Sawari Ventures

• 🏦 HQ: Cairo

• 👨‍💻👩‍💻 Leadership: Fatimazahra Bennani

• 🔢 Number of Investments: 10-50

• 👜 Notable Portfolio companies: Almentor, SWVL

Ambo Ventures

• 🏦 HQ: Morocco

• 👨‍💻👩‍💻 Leadership: Loic Amado, Jade Bouhmouch

• 🔢 Number of Investments: 1-10

• 👜 Notable Portfolio companies: Roam Motors, Natrify, Inveko Green

Al Mada Ventures

• 🏦 HQ: Casablanca

• 👨‍💻👩‍💻 Leadership: Omar Laalej

• 🔢 Number of Investments: 1-10

• 👜 Notable Portfolio companies: Susu

BMCE Capital

• 🏦 HQ: Casablanca

• 👨‍💻👩‍💻 Leadership: Yasmina Triki, Ghita Khaoulani

• 🔢 Number of Investments: 1-10

Renew Capital

• 🏦 HQ: Ethiopia

• 👨‍💻👩‍💻 Leadership: Nihal Grii

• 🔢 Number of Investments: 10-50

• 💵 Average Ticket Size: $200K

• 👜 Notable Portfolio companies: Roam, Badili

Augustulus Ventures

• 🏦 HQ: Morocco

• 🔢 Number of Investments: 1-10

• 👜 Notable Portfolio companies: Wanaut

Cash Plus VC Fund

• 🏦 HQ: Casablanca

• 👨‍💻👩‍💻 Leadership: Nabil Amar

• 🔢 Number of Investments: 1-10

• 👜 Notable Portfolio companies: Sle3ti

As Morocco continues to evolve into a hub for entrepreneurial activity, the impact of these leading venture capital firms cannot be overstated. Their commitment to nurturing innovative startups is paving the way for economic growth and technological advancement in the region. By investing in diverse industries and supporting visionary entrepreneurs, these firms are shaping the future of Morocco's business landscape.