VC firms, angels, accelerators, DFIs, and corporate venture arms backing African founders.
AfriMobility
Venture Capital
AfriMobility is a venture capital fund based in Morocco. They invest in early-stage startups, particularly in the mobility and logistics sectors. They focus on companies that are leveraging technology to improve transportation and delivery services. They invested in Cathedis and CloudFret.
Angel Investors
Angel investors are showing growing confidence in Moroccan platforms built for local scale, as evidenced by investments in companies like Yakeey and Enakl. These investments reflect an appetite for infrastructure and regional consolidation, with a focus on growth capital, operational expansion, and strategic acquisitions. The market is becoming more deliberate in how capital and platforms are being built, targeting sectors such as property, mobility, AI, and consumer platforms.
Attijariwafa Ventures
Attijariwafa Ventures is likely a venture capital firm that invests in tech startups, potentially with a focus on Moroccan or North African companies. Given the context of the provided articles, their investment focus may include sectors like fintech, edtech, proptech, and cleantech. They seem to participate in various funding stages, from pre-seed to Series A.
Azur Innovation Fund
Azur Innovation Fund invests in early-stage startups, as seen in their investment in Enakl, a Moroccan mobility startup. They focus on technology and innovation, supporting companies with seed funding to scale their operations and develop their platforms. Their investments span various sectors, including mobility and cleantech, with a focus on companies based in Morocco and expanding across the MENA region.
Azur Innovation Management
Azur Innovation Management invests in Moroccan startups, as seen in their investments in ORA Technologies and Kwiks. They focus on technology upgrades, regional expansion, and customer acquisition for their portfolio companies. The firm supports startups in sectors like e-commerce, fintech, and HR tech, aiming to enhance accessibility and convenience for users across Morocco.
BMCE Capital Investment
BMCE Capital Investment invests in African tech startups. They participated in the Series A funding round of Vendease, a Nigerian food procurement startup. Vendease aims to improve the efficiency of the food supply chain in Africa, offering procurement and financial services to restaurants and food businesses.
BMCE Capital Investments
BMCE Capital Investments invests in African tech startups. They participated in LAfricaMobile's $2.2M Series A extension, which will be used to scale its AI communication solutions and operations to serve other parts of Africa and even markets on other continents.
Beenok
Beenok is a venture capital firm that invests in early-stage startups in Africa. They focus on companies that are using technology to solve problems in areas such as fintech and proptech. They participated in the pre-Series A round of Agenz, a Morocco-based proptech startup, and the seed round of MNZL, an Egyptian fintech startup.
Beltone VC
Beltone Venture Capital invests in early-stage startups in Africa. They focus on companies with innovative solutions and high growth potential, as evidenced by their investment in LNKO, an eyewear startup aiming to revolutionize Africa's eyewear industry through innovative design, local manufacturing, and direct-to-consumer sales.
Build Ventures
Build Ventures is a venture capital firm that invests in early-stage companies in Africa and the MENA region. They focus on fintech solutions providers, particularly those that power backend operations for financial service providers. They look for companies with the potential to scale across the continent.
CDG Invest
CDG Invest is an active venture capital investor in the African tech ecosystem. They invest in startups across various sectors, including proptech, fintech, and other tech-enabled solutions. They participated in funding rounds for companies based in Morocco and other African countries, supporting their growth and expansion plans. CDG Invest is also mentioned as an investor in LNKO, an eyewear company.
Cash Plus VC Fund
Cash Plus VC Fund invests in B2B marketplaces, specifically those facilitating the distribution of FMCG products to local retailers in Morocco. The fund supports platforms that streamline procurement, optimize inventory, and strengthen supply chain links.
Earn Rocket Investment Holding
Earn Rocket Investment Holding is an early-stage venture capital firm that invests in startups in the MENA region. They focus on companies with innovative solutions and high growth potential. Their investment in Justyol, a cross-border fashion marketplace, demonstrates their interest in e-commerce and connecting markets.
Gullit VC
Gullit VC invests in early-stage African tech startups. They focus on companies building innovative solutions for the African market, with a particular interest in logistics and supply chain solutions. They participated in a $1.5 million seed round for Logidoo.
ICP Ventures
ICP Ventures is an investor in African tech, as demonstrated by their investment in PayTic, a Moroccan fintech solutions provider. PayTic offers a no-code platform for automating back-office operations for financial service providers, indicating ICP Ventures' interest in fintech and technology-driven solutions in the African and MENA region.
Kalys VC
Kalys VC invests in early-stage African tech companies. They focus on startups with innovative solutions and high growth potential. They participated in a seed round for Userguest, a Moroccan hospitality tech company.
Kalys Ventures
Kalys Ventures invests in early-stage African tech startups. They participated in Logidoo's $1.5 million seed round, indicating a focus on logistics and supply chain solutions. The firm supports companies based in Africa.
MFounders
MFounders invests in early-stage startups, as evidenced by their participation in Enakl's $2.3M seed round. Enakl is a Moroccan mobility startup building intelligent shared transport networks. MFounders' investment supports scaling shared transport services across Morocco and launching a new Software-as-a-Service platform for fleet operators.
Maroc Numeric Fund II
Maroc Numeric Fund II invests in Moroccan startups. They participated in the seed round of Logidoo, a logistics company, and Aza Petrosolutions, a fuel management company. They also invested in Agenz, a proptech startup offering real estate services.
Mistral VC
Mistral VC invests in early-stage African tech companies. They participated in PayTic's $4.4 million funding round to accelerate its growth plans, expand its client base across Africa and the MENA region, and further develop its platform.
Outlierz
Outlierz Ventures invests in early-stage startups in Africa, with a focus on pre-seed and seed rounds. They look for companies building innovative solutions across various sectors, including e-commerce, food distribution, and restaurant logistics. The firm participates in rounds alongside other investors.
Sanlam Maroc
Sanlam Maroc invests in early-stage startups, as evidenced by their pre-seed investment in Woliz, a retail technology startup based in Casablanca. The firm seems to focus on companies building digital tools for small merchants and informal retail, helping them manage operations, track sales, and connect to commercial services.
Sunny Side Venture Partners
Sunny Side Venture Partners invests in early-stage African startups. They focus on companies leveraging technology to solve key challenges across various sectors, including logistics, fintech, and e-commerce. The firm seeks to support innovative and scalable businesses with strong growth potential in the African market.
Tamwilcom
Tamwilcom is a Moroccan institution that supports startups through funding. They recently participated in a pre-seed round for Washminute, a cleantech startup offering eco-friendly car wash solutions in Morocco. They co-invested with Witamax and the Near East Foundation.
UM6P Ventures
UM6P Ventures invests in African tech startups. They participated in funding rounds for Userguest, a hospitality software solution, and Chari, a B2B e-commerce marketplace for francophone Africa. The firm supports companies aiming to digitize industries and expand their reach across the continent.
WeLoveBuzz
WeLoveBuzz invests in early-stage startups, as evidenced by their participation in the $455,000 investment in WafR, a Moroccan fintech and rewards startup. The firm appears to focus on the African continent, with a specific interest in startups based in Morocco.
Witamax
Witamax is an early-stage venture capital firm that invests in Moroccan startups. They focus on sectors such as cleantech, fintech, and mobility. The firm supports companies with seed and pre-seed funding to help them scale their operations and expand their market presence within Morocco and beyond.
