Investors in Morocco

HSEVEN is an accelerator and venture capital firm specializing in seed/startup and incubation. The firm prefers to invest in Africa. The firm takes 5% to 7% equity stake and provides an initial grant of $0.16 million per startup and follow on investment of $0.55 million to $1.65 million at the end of program. They offer a six-month program every year. HSEVEN was founded in 2017 and based in Casablanca, Morocco.

ALMAMED is an private equity and venture capital firm specializing in seed, startup, later stage, and buyout investments. The firm invests in all branches of industry except real estate. It invests in companies based in North Africa. The firm invests up to 20 percent of the project cost in its companies. It seeks to make minority investments. The firm operates as a subsidiary of Alma Capital. ALMAMED was founded in May 2008 and is based in Casablanca, Morocco.

Swicorp is a private financial services group providing solutions in the spheres of investment banking, private equity and asset management in the Middle East and North Africa (KSA, UAE, Bahrain, Jordan, Tunisia, Morocco, Algeria, Egypt and Turkey).Founded in 1987 by current chairman Kamel Lazaar, Swicorp today has grown to be one of the region’s premier financial services providers, with close to 100 employees worldwide.Licensed by both the Saudi Capital Market Authority and the Dubai Financial Services Authority, our teams leverage our regional and international network, servicing clients and investors who are seeking lucrative opportunities.Our local expertise, combined with our world-class financial solutions, has allowed us to gain a robust client base amongst leading financial institutions and regional corporations. Furthermore, it established trust with our clients to enable us to raise in excess of $1 Billion in private equity funds. Through our extensive principal investment network, we are also able to activate significant proprietary investments for MENA and international opportunities across various asset classes.

Atlamed SA is a private equity firm specializing in buyouts, later stage, mature, emerging growth and growth capital investments. The firm also provides advisory services. It seeks to invest across sectors including water treatment appliances; environmental and facilities services; software program editors; call center management software; system and platform integration; energy; healthcare equipment and services; plastic products; construction materials; construction and engineering; electrometallurgical products; boilers; facilities support management services; and security and alarm services. It invests between MAD 10 million ($1.03 million) and MAD 50 million ($5.13 million) in Moroccan small and medium enterprises with revenues up to MAD 100 ($10.28 million). The firm usually acquires minority and majority positions in its portfolio companies. Atlamed SA was founded on May 26, 2005 and is based in Casablanca, Morocco.

An investment and support program for Late Seed and Series A startups with international ambitions, focusing on Moroccan founders or international startups establishing a presence in Morocco.

Afrimobility is an investment company, subsidiary of Akwa Group, specializing in the implementation and development in Morocco of innovative projects related to the mobility of tomorrow. Backed by a 60 years old solid Moroccan economic player operating in various industries, we benefit from its broad expertise and innovation to take part in the great revolutions of a constantly evolving sector.

Fajr Capital Limited is a private equity and venture capital firm specializing in early venture, mezzanine, growth capital, buyout, infrastructure investments. It makes its investments with a commitment to Shariah principles. The firm invests in companies operating across diversified sectors with a focus on financial services, infrastructure, healthcare, energy and resources, education, food and beverage sector, logistics, oil and gas services, industrial manufacturing, and renewable energy. The firm also makes investments in waste water treatment, hospitals and healthcare centers, schools, marine ports and services, road and rail, marine, water, sewer and pipeline construction, petrochemicals, oil and gas storage and transportation sectors. The firm primarily makes its investments in high-growth Organisation of Islamic Cooperation (OIC) markets focusing on Algeria, Brunei Darussalam, Indonesia, Malaysia, Saudi Arabia, Turkey, the United Arab Emirates, Oman, Egypt, Bahrain, Iraq, Jordan, Kuwait, Qatar, Libya, Morocco, and Tunisia. The firm invests between $50 million and $100 million in its portfolio companies. Fajr Capital Limited is based in Dubai, United Arab Emirates with additional offices in Kuala Lumpur, Malaysia and London, United Kingdom.

Azur Partners is a private equity and venture capital firm specializing in growth capital, seed, startup, early venture, mid venture, late venture, emerging growth, middle market, mature, turnaround and later stage investment. It prefers to invest in Africa, specially in Morocco, and Europe. The firm invests in agriculture, agri-food, high quality and healthy food, wellbeing, and natural and organic cosmetics sectors. It seeks to invest in renewable energies, services platform, new technologies including agritech, fintech, biotech, medtech, edtech, cleantech. Also, the firm can consider investments in other sectors. The firm typically invests between MAD1 million ($0.10 million) and MAD60 million ($7.05 million). The firm can takes either majority or minority stakes. It makes investment in equity and quasi-equity. Azur Partners was formed in April 2010 and based in Casablanca, Morocco.

UM6P Ventures is the investment arm of University Mohammed VI Polytechnic, founded as a vehicle for the university to advance entrepreneurship and accelerate scientific innovation in Morocco and Africa. It is an early-stage ventures firm operating two funds ; a Digital Transformation Startup fund and a Deeptech Ventures fund.UM6P Ventures invests in pre-seed and seed Digital Transformation startups alongside partners from its vast network of native and international programs including incubators, accelerators, and investors such as Business Angels and venture capitalists.UM6P Ventures provides Deeptech Ventures with capital and advanced talent sourcing, subject domain expertise, and the ability to access specialized equipment and infrastructure. UM6P Ventures has a robust ecosystem and an investment portfolio actively invested in Agrobioscience, Biomedicine, Water & Energy, Artificial Intelligence (AI) & Cybersecurity.

Yam Invest N.V. is a private equity firm specializing in growth capital and buyout investments in middle market companies. The firm invests in real estate and digital economy sectors. Within real estate, the firm targets the development of new real estate projects or the renovation and redevelopment of existing buildings, in particular the creation and development of office or residential assets in Central Europe with focus on Netherlands, Poland, France and Morocco. For growth capital transactions, the firm invests in France and Europe. It invests between €5 million ($6.79 million) and €25 million ($33.97 million) in a company, typically to take a controlling stake alongside management and /or the founders. The firm’s equity investments are realized either directly or through special purpose acquisition. Yam Invest N.V. is based in Amsterdam, Netherlands.

SMALT Capital SA, formerly known as ACG Management SAS until June 2020, is a private equity and venture capital firm specializing in capital-succession deals, seed, startup, mezzanine, early venture, mid venture, late venture, emerging growth, middle market and mature stage investments. It also specializes in growth capital, recapitalization and buyout transactions. It typically invests in unlisted mid-cap and small and medium sized companies. The firm invests through LBO, LBI, OBO, MBO and MBI. The firm seeks to make investments in industrials, capital goods, manufacturing, materials and new materials, automotive parts and equipment, consumer durables and apparel, commercial services and supplies, consumer goods, retail goods, tourism, entertainment and sports activities, Silver Economy, leisure and digital sectors, food products and food processing, air freight and logistics, mechanical industries, metallurgic, communications equipment, plastic products, construction materials, telecommunication services, energy, electronics, microelectronics and peripheral, software, multimedia, environment, services, distribution, information and communication technologies and security, cloud computing, public works, and real estate development sectors. It also invests in development of products, processes or services (renewable energies, organic-resources, sets of subjects related to the energy sector, gas measurement to optimize industrial processes, bio-based products, wind or solar infrastructure, recycle of waste, solar electricity production, anti-industrial pollution, green economy and carbon print, energy and industrial safety themes in the sectors of the environment, industrial ecology, environment green or friendly chemical). It also invests in healthcare, medical technology, pharmaceuticals, biotechnology, life sciences and in well-being such as care centers, leisure centers and medical technologies, medical analysis, services to persons, hotels, gastronomic sectors and the luxury sector, such as cosmetics, leather goods and accessories among others, and the digital sector and digital economy mainly in cyber security, Big Data, e-commerce, and smart objects. The firm also seek to invest in wineries and in the wine industry including production and distribution, vineyards and also traders and actors of the distribution such as retail trading, brokers and wine wholesalers and in related industries of the wine sectors such as in agri-viticultural machine tools, equipment’s, tanks, presses and supply of consumables including glass, corks, barrels, fertilizers and bottling. It considers investments in Italy, Spain, Algeria, Egypt, Morocco, Tunisia, Jordan, Turkey, Réunion, French Polynesia, New Caledonia, Martinique, French Guiana, Guyana, Guadeloupe, Martinique, Mayotte, Saint Martin, Saint Barthélemy, Saint Pierre, Miquelon, Wallis, Futuna, Clipperton, French Southern and Antarctic Lands and France. Within France, it focuses on the former French regions of Provence-Alpes-Côte-d'Azur, Rhône-Alpes, Burgundy, Franche-Comté, Ile-de-France, Corsica, Marseille, Auvergne and Languedoc-Roussillon. It also invests in the following former French regions and it’s following former French departments: Aquitaine (Gironde, Dordogne, Lot-et-Garonne, Landes and Pyrénées-Atlantiques), Poitou-Charentes (Deux-Sèvres, Vienne, Charente-Maritime and Charente), Midi-Pyrénées (Lot, Tarn-et-Garonne, Tarn, Aveyron, Gers, Haute-Garonne, Hautes-Pyrénées and Ariège), Limousin (Creuse, Haute-Vienne and Corrèze) and Pays de la Loire (Vendée). The firm prefers to invest between €0.05 million ($0.06 million) and €8 million ($10.19 million) per transaction in companies with an enterprise value between €3 million ($3.51 million) and €30 million ($42.70 million) and sales values between €1.5 million ($1.9 million) and €50 million ($65.38 million). It prefers to take a seat in the Board of Directors of its portfolio companies and seeks minority stakes of up to 35% and also majority stakes in the businesses it acquires. It typically exits its investments after five years. It also co-invests. SMALT Capital SA was founded in 2000 and is based in Marseille, France with additional offices in Marseille, France, Ajaccio, France, Nouméa, New Caledonia, Paris, France, Saint Denis, Reunion and Tunis, Tunisia.

Outlierz Ventures is a venture capital firm specializing in pre-seed, seed, growth capital, early stage, start up businesses that are raising money in Series A rounds. The firm prefers to invest in technology, logistics, fintech, insurtech, agritech, healthtech, B2B marketplaces, financial services and health sectors. The firm primarily invests in Africa with 4 main markets: Morocco, Egypt, Nigeria, and Kenya. The firm prefers to invest between MAD 0.5 million ($ 0.055 million) and MAD 5 million ($ 0.55 million). Outlierz Ventures is based in Morocco.

Outlierz Ventures is an Africa-focused early-stage VC fund based out of Morocco. The fund invests in tech-enabled companies solving fundamental problems in key industries across the most dynamic ecosystems in Africa (mainly fintech, insurtech, agritech, healthtech and distribution/logistics). The fund primarily focuses on 4 big markets: Morocco, Egypt, Nigeria and Kenya, with a strong interest in Francophone and West Africa. Portfolio companies include Kenya's retail tech platform Sokowtach, Morocco's B2B trade platform for Africa WaystoCap, Africa's corporate data company Asoko Insight, Egyptian retail and distribution platform MaxAB, and last-mile B2B logistics company TousFacteurs (diaspora).

Since its inception in 2010, MNF team backed many of the most successful tech startups in Morocco. MNF is an institutional fund with public and private investors: Central Guarantee Fund (CCG), Attijariwafa Bank, Banque Centrale Populaire, BMCE Bank and MITC. It is your privileged partner to institutionalize the capital of your innovative startup. Financing innovation is our job. MNF offers tailor-made financial support, adapted to each project, according to its constraints and its development horizon.

Brookstone Partners is a private equity and venture capital firm. The firm specializes in strategic acquisitions; add on acquisitions, growth capital, buyout, recapitalization and middle market investments in public and private companies. The firm also provides mezzanine financing. The firm seeks to invest in industrial light manufacturing, value added distribution and logistics, metals based manufacturing, plastic based products, selected business services sectors, growth-oriented industrial manufacturing, distribution businesses, aerospace, building products, healthcare, medical, packaging and plastics, energy production companies with a focus on renewable energy, wind and solar power. It invests in industrial companies specializing in green technologies and in the agro-industrial industry. It typically invests in North America. The firm seeks to invest between $5 million to $ 25 million equity investments, in companies having enterprise values between $10 million to $180 million, $2.5 million to $15 million EBITDA margins 10% or greater. It prefers to acquire controlling positions in its portfolio companies. Brookstone Partners was founded in 2003 and is based in New York, New York with an additional office in Rabat, Morocco.

Impact Fund Denmark is a private equity and venture capital firm specializing in financing in the form of equity, mezzanine, loans, debt and guarantees. It makes socially conscious investments. It makes directly & indirectly investments. Under directly investing, it invests in early stage & growth capital investments. Under indirectly investments, it invests in venture capital funds. It specializes in establishing new companies, setting up joint ventures between Danish companies and local business partners and in acquiring existing companies. It provides financing to private-sector projects in the developing countries. The firm can only invest in countries whose 2008 GNI capita income is below $0.03 million with an exemption granted to South Africa, Botswana, and Namibia. Also, the host countries of investments must be on the OECD’s DAC list of development aid recipients. It invests where private sector financing is unavailable or insufficient. It invests in sustainable growth and high-impact solutions in developing markets/countries. It does not invest in Forced labor or child labor, Ozone depleting substances, PCB's (Polychlorinated Biphenyls) and other specific, hazardous pharmaceuticals, pesticides/herbicides or chemicals, wildlife or products regulated under the Convention on International Trade in Endangered Species or Wild Fauna and Flora (CITES), Unsustainable fishing methods, Cross-border trade in waste and waste products, unless compliant with the Basel Convention and the underlying regulations, Destruction of High Conservation Value areas, Radioactive materials and unbounded asbestos fibres, Pornography and/or prostitution, Racist and/or anti-democratic media, Alcoholic Beverages (except beer and wine), Tobacco, Weapons and munitions, Gambling, casinos and equivalent enterprises, Standalone fossil fuelled power plants, Drilling, exploration, extraction, refining and sale of crude oil, natural gas and thermal coal, Storage, supporting infrastructure (pipelines etc.), transportation and logistics, and services primarily related to fossil fuels, Any business using captive coal for power and/or heat generation, Electricity generation from peat and activities leading to deforestation, Investments and/or other projects that aim to produce or make use of agricultural or forestry products, Biomaterials and biofuel production, Export-oriented agribusiness mod, Meat and dairy industries. It prefers investing in commercial services and supplies, biofuels, electric power by solar and wind energy and irrigation systems sector. The firm seeks to invest in climate and Agribusiness. It focuses its investments in Green energy & infrastructure with focus on Clean, affordable renewable energy, Waste recycling and management, Energy efficiency, Water access and management; Financial Services with focus on Microfinance, MSME financing, Development banks and Insurance; Sustainable food systems with focus on Climate farming, Storage and distribution, Processing, Forest and land; Healthcare with focus on Hospitals and clinics, Pharmacy chains, Diagnostic services, Pharmaceuticals & medical equipment. The firm prefers to invest in companies based in Africa focusing on North Africa, Sub-Saharan Africa, South America, Central America, Middle East and Algeria, Angola, Benin, Botswana, Jordan, Denmark, Senegal, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo (Brazzaville), Democratic Republic of Congo, Côte d'Ivoire, Djibouti, Egypt, Arab Rep., Eritrea, Ethiopia, The Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, Senegal, São Tomé and Principe, Sierra Leone, Somalia, South Africa, Sudan, South Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe; Asia focusing on Afghanistan, Bangladesh, Bhutan, Cambodia, China, Fiji, India, Indonesia, Iran, Iraq, Brazil, Malaysia, Turkey, Mexico, Kiribati, Laos, South Korea, North Korea, Kyrgyzstan, Maldives, Federal States of Micronesia, Mongolia, Myanmar, Nepal, Marshall Islands, Pakistan, Papua New Guinea, Philippines, Western Samoa, Solomon Islands, Sri Lanka, Syria, Tajikistan, Thailand, East Timor, Tonga, Turkmenistan, Tuvalu, Uzbekistan, Vanuatu, Vietnam, West Bank and Gaza, Yemen; Europe focusing on Albania, Russia, Armenia, Azerbaijan, Caucasus, Belarus, Balkans, Bosnia & Herzegovina, Bulgaria, Croatia, Montenegro, Romania, Slovenia, Georgia, Kosovo, Macedonia, Moldova, Serbia, Ukraine; and Latin America with a focus on Belize, Bolivia, Colombia, Cuba, Dominican Republic, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras Nicaragua, Paraguay, Peru, Saint Lucia, Saint Vincent and The Grenadines, Suriname, Ecuador, and Jamaica and North Asia, United States of America, Latin America and parts of Europe. It seeks to invest between from DKK15 million ($2.32 million) and DKK500 million ($77.52 million). The firm can invest up to DKK350 million ($51.34 million) per company. The firm seeks to co-invest with Danish businesses in projects based in developing countries. It prefers to take minority stake between 10% to 30% and up to 49 per cent in small projects. It prefers to take a board membership. The firm prefers to exit its investments within five to seven years when the loan has been repaid or the shares have been sold. The firm also offers special assistance to small and medium-sized enterprises which employs less than 300 employees, with an annual revenue of up to DKK 300 million ($53.16 million) and has a positive result in two out of three latest financial years. It also provides advisory services to business investments in developing countries. The firm makes two thirds of its investments in partnership and can also provide additional financing. Impact Fund Denmark was founded in 1967 and is based in Copenhagen, Denmark with additional offices across Asia, Europe, South America, and Africa.

First Circle Capital is a female-led, seed fund investing in African FinTech. We invest in FinTech founders building a more inclusive future in Africa. We are committed to 2X Challenge and positive impact across three areas: gender representation, financial inclusion and job creation.

First Circle Capital is a venture capital firm specializing in pre-seed, seed/startup, early stage and growth capital investments. The firm seeks to invest in FinTech, insurtechs, financial infrastructure and climate fintechs companies. The firm seeks to invest in Africa. First Circle Capital was founded in 2021 and is based in Casablanca, Morocco and has additional six offices across Europe and Africa.

Instrata Capital BSC (c) is an investment firm specializing in shariah-compliant structured investments.It prefers to invest in the GCC and MENA regions with a focus on Bahrain, Kuwait, Oman, Jordan, Morocco, Qatar, Saudi Arabia, UAE, and Turkey

Riyada Managers B.V. is a private equity firm specializing in emerging growth, PIPEs, buyout and growth capital investments. The firm seeks to make equity and equity-related investments in mid-cap companies. The firm seeks to invest primarily in Egypt, Morocco and Tunisia. Riyada Managers B.V was founded in 2010 and is based in Amsterdam, the Netherlands with an additional offices in the United Arab Emirates, Egypt, France and Tunisia.

Yushan Ventures Inc. is a venture capital firm specializing in start-up investment. The firm typically invests in disruptive mobile technologies, Technology, automotive, eCommerce, and mobile consumer internet sectors. The firm focus on BCC countries, including China, India, Mexico, Vietnam, Taiwan, Thailand, Morocco, Germany and Brazil. Yushan Ventures Inc. was founded in 2011 and is based in Las Vegas, Nevada, with additional offices in Taipei, Taiwan; Berlin, Germany; and London, United Kingdom.

Capital Trust Limited is the private equity and venture capital arm of The Capital Trust Group specializing in recapitalizations, restructuring, IPOs, privatizations, corporate joint ventures, expansion financing, acquisitions of complementary businesses or product lines, mid venture, growth, acquisitions, financings, refinancing, mezzanine and equity investments in small to middle market companies. The firm also seeks to invest in in mezzanine investments in leveraged buyouts. In case of its corporate finance investments, the firm also invests in debt and equity offerings in public and private companies. The firm also invest in private equity and venture capital fund of fund investments. The firm does not invest in sponsor less mezzanine, turnaround situations or start-ups. The firm seeks to invest in corporate finance and real estate. The firm seeks to invest up to 25 percent of its aggregate capital in the combined high-tech sector, with a focus on support services. The firm typically invests in banking and insurance; oil services; maintenance and services; pharmaceutical, healthcare services, chemicals, and cosmetics; production of food and beverages; and retail and consumer products. In the corporate finance segment, the firm seeks to invest in manufacturing, distribution, services, and specialty retail segments. The firm also invests in real estate assets with a focus on commercial property, but may also consider investments in residential real estate on an opportunistic basis. The firm primarily invests in companies that have their principal place of business or substantial business interests in Europe including United Kingdom, Western Europe, France, Germany, the Netherlands, Italy, Spain, and the Nordic countries. It prefers to invest in the Mediterranean countries in Middle East and North Africa including Algeria, Palestinian Territories, Syria, Malta, Greece, Tunisia, Morocco, Egypt, Turkey, Lebanon, Jordan, and Israel. In case of its corporate finance investments, the firm prefers to invest in United States, the Middle East, and North Africa. The firm acts as the lead investor in transactions, as well as a co-investor with other financial institutions. The firm seeks to participate seeks to invest in mezzanine transactions through third party syndications. It seeks to acquire controlling stakes or involvement at the Board or operating level in its portfolio companies and typically holds its investment for a period of three to five years. The firm’s typical investment horizon for real estate investments is three to five years and an exit strategy is always sought prior to the acquisition. Capital Trust Ltd was founded in 1985 and is based in London, United Kingdom with an additional offices in London, United Kingdom; Beirut, Lebanon; New York, New York and Vienna, Virginia.

We are an entrepreneur-led venture firm with a mission to uncover a new breed of entrepreneurs and back them in their journey of transforming emerging markets. Our belief is firmly rooted in the fact that emerging markets deserve talented entrepreneurs, the best and the boldest, both local and diasporic, to tackle growing challenges and opportunities. We are here to make that happen. We back founders with a full grasp of their market dynamics, strong leadership, and resilience that want to make a dent in the universe, transforming the lives of many. We walk them through the rest. Opportunities are no longer hanging fruits, which is even more true in emerging markets. We believe only a new breed of entrepreneurs can build transformative and sustainable ventures that thrive.

The Hashgraph Group AG is a venture capital, international business and technology firm specializing in venture building programs and strategic investments. The firm prefers to invest in Web3 technology. The firm operates Hedera ecosystem. It focuses to invest globally. The Hashgraph Group AG is based in Schwyz, Switzerland with additional offices Zurich, Switzerland; Abu Dhabi, United Arab Emirates; Riyadh, Saudi Arabia; Casablanca, Morocco; Central, Hong Kong; Maharashtra, India and Gujarat, India.

Alta Semper Capital LLP is a private equity firm specializing in direct and fund-of-fund investments. In direct investments, the firm specializes in later-stage, mature, turnaround, emerging growth, growth capital, and buyout capital investments across selected growth markets. Within fund of fund investments, the firm specializes in private equity and venture capital funds. The firm invests in specific industries such as pharmaceuticals, medical equipment, cosmeceuticals, and healthcare services. The firm invests in East Africa: Kenya, Tanzania, Uganda, Ethiopia, Mozambique, North Africa; Egypt, Francophone Africa: Morocco, Tunisia, Senegal, Ivory Coast, Anglophone West Africa; Nigeria, Ghana. It makes investments between $20 million and $50 million. The firm prefers to have a majority stake in portfolio companies. The firm makes balance sheet investments. Alta Semper Capital LLP was founded in 2015 and is based in London, United Kingdom, with an additional office in Cairo, Egypt.