Morocco's venture capital industry is currently undergoing a transformation, driven by rising investor interest and government measures to promote innovation and entrepreneurship. With the establishment of organizations such as Azur Innovation Management, 212 Founders, and EmergingTech VC, the Moroccan venture capital environment is experiencing an increase in support for ambitious entrepreneurs and disruptive ventures. In this article, we have compiled a comprehensive list of top VC Funds and Angel Investors in Morocco that can provide you with the capital and support to help you succeed!
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Venture Capitalist Funds in Morocco
The venture capital firms below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2019
Geography: Africa
Stage: Pre Seed, Seed
Focus: Digital Transformation, Deep Tech
Investment Range: -
Notable Portfolio: ClimateCrop, NitroFix, Weego, Logidoo
UM6P Ventures is the University Mohammed VI Polytechnic's venture arm dedicated to promoting entrepreneurship and innovation in Morocco and Africa. UM6P Ventures, which focuses on investing in Deeptech and Digital Transformation, deliberately invests in early-stage firms to de-risk and nurture them into sustainable assets, contributing to the growth and resilience of the African Deeptech ecosystem.
Year of Inception: 2017
Geography: Africa
Stage: Pre Seed, Seed, Pre Series A
Focus: Technology
Investment Range: $50,000 - $500,000
Notable Portfolio: Wasoco, WaystoCap, Kashier, PayTic
Outlierz Ventures pioneers the support of extraordinary innovators who are altering Africa's future by digitizing important traditional sectors in Morocco, Egypt, Nigeria, and Kenya. They are committed to giving access to their wide network of industry experts and aiding development across Francophone Africa, making them a crucial participant in the continent's innovation ecosystem.
Year of Inception: 2015
Geography: Africa, Middle East
Stage: Seed
Focus: Networks & IT, Digital Enterprise, Cybersecurity, Fintech, Consumer, Gaming, Edtech, E-commerce
Investment Range: $750,000 - $3 million
Notable Portfolio: Mono Bank, Dataiku, Intercloud, Brut
Orange Ventures, an international multi-stage technology investment fund with €350 million in assets, invests in creative businesses in important industries such as networks and IT, digital business, cybersecurity, fintech, and more. Orange Ventures not only provides financial support but also nurtures startups by leveraging the Orange Group's extensive network and operational synergies.
Year of Inception: 2020
Geography: Morocco
Stage: Seed, Series A
Focus: Automobile, Aeronautics, Electronics, Fintech, Health Tech, Biotech, Agritech, Smart Textile, Technology, Internet and Software
Investment Range:-
Notable Portfolio: Epicerie Verte, CloudFret, KONTA, KoolSkools, Agenz
Azur Innovation Management, a public-private fund, supports ambitious and disruptive ideas in Morocco, with an emphasis on financial technology, agribusiness, telemedicine, biotech/clean-tech, smart textiles, and renewable energy. Azur Innovation Management aspires to maximize value for all stakeholders in the supported projects by combining public and private financing, encouraging social and economic impact in line with the Kingdom's development goal.
Year of Inception: 2019
Geography: Africa
Stage: Seed, Series A
Focus: Sector Agnostic
Investment Range: up to $1 million
Notable Portfolio: Tracklab, Paytic, Estaly, Cryptr
212 Founders is a distinguished startup accelerator program dedicated to developing high-potential entrepreneurs by offering specialized assistance, a one-of-a-kind Seed to Series A funding plan, and access to a diverse network of mentors, experts, and venture capital funds. With a structured program that includes project sourcing, incubation, and acceleration stages, 212 Founders serves as a catalyst for the growth and success of innovative enterprises in Morocco and throughout Africa.
Year of Inception: 2022
Geography: Emerging Markets
Stage: Seed, Series A
Focus: Technology
Investment Range: -
Notable Portfolio: Spore Bio, Docline, Unissey, Sowit
EmergingTech VC is at the forefront of investing in high-growth sectors powered by new technologies, providing a strategic strategy that includes due diligence, partnering, and financing services customized to the specific legal and technological requirements of early-stage firms. With a focus on new tech industries such as AI, blockchain, cybersecurity, and digital infrastructure, their complete assistance and vast legal experience position them as a vital partner for entrepreneurs and investors going into the dynamic world of emerging technologies.
Year of Inception: 2010
Geography: Morocco
Stage: Seed, Series A
Focus: Technology
Investment Range: $100,000 - $1 million
Notable Portfolio: Cypher Leak, Optinov, Logidoo, DamaneSign
Maroc Numeric Fund, a pioneering institutional venture capital fund, helps high-potential technological entrepreneurs by providing specialized institutional funding and long-term partnerships to help them expand and gain market leadership.
Year of Inception: 2012
Geography: Africa
Stage: Series A, Series B, Series C
Focus: Power, Transport, ICT, Midstream gas, Healthcare, Fintech, Education
Investment Range: -
Notable Portfolio: Azura-Edo, Poa Internet, PAIX Data Centers
Africa50, a catalyst for infrastructure development, focuses on medium- to large-scale projects in areas like power, transportation, ICT, midstream gas, healthcare, fintech, and education. Africa50 aims to bridge Africa's infrastructure funding gap by combining project development, financing, and mobilization through strategic investment vehicles.
Closing Thoughts on Venture Capital Firms in Morocco
The presence of organizations such as Maroc Numeric Fund, a pioneering institutional venture capital fund, demonstrates Morocco's rising emphasis on targeted financing and long-term collaborations with high-potential entrepreneurs. This move represents a determined attempt to promote the expansion of Morocco's startup ecosystem, establishing the country as a prospective hub for regional innovation and investment.
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Frequently Asked Questions on Venture Capital Firms in Morocco
What are the top venture capital firms in Morocco for startups?
Morocco’s venture capital ecosystem is expanding, with leading VC firms such as Azur Innovation Fund, Outlierz Ventures, Maroc Numeric Fund II, CDG Invest, and MITC Capital actively investing in startups. These firms focus on sectors like fintech, agritech, SaaS, logistics, and e-commerce.
What industries are attracting the most venture capital investment in Morocco?
The top sectors receiving venture capital funding in Morocco include fintech, health tech, cleantech, SaaS, logistics, agritech, and e-commerce. The Moroccan government’s startup-friendly policies and initiatives under Morocco Digital 2025 have also encouraged investment in deep tech, renewable energy, and artificial intelligence (AI) startups.
What is the typical funding size offered by venture capital firms in Morocco?
Seed funding from VCs in Morocco typically ranges from $50,000 to $500,000.
Series A and growth-stage investments range from $500,000 to $5 million, depending on the startup’s scalability.
Government-backed funds such as Azur Innovation Fund and Maroc Numeric Fund II also provide co-investment opportunities.
How can startups connect with venture capital firms in Morocco?
Startups can secure funding by engaging with:
Startup incubators & accelerators like StartGate, UM6P Ventures, and LaStartupStation
Networking events & pitch competitions such as Emerging Valley, Gitex Africa, and Vivatech Morocco
Online platforms like AngelList, LinkedIn, and Crunchbase to connect with VCs and international investors
What is the due diligence process for venture capital firms in Morocco?
Before investing, VC firms in Morocco conduct thorough due diligence, including:
Market opportunity and competitive analysis
Financial statements, revenue models, and cash flow projections
Legal compliance with Moroccan business laws (e.g., startup registration and tax regulations)
Founder background checks and intellectual property (IP) verification
The process typically takes 4-12 weeks, depending on the investment stage and sector.
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