The purpose of the fund is to take minority stakes in innovative and fast-growing start-ups that have reached a certain maturity, in order to support them in their development.
In order to support the growth of startups in Morocco and more generally on the African continent, Al Mada is launching a Venture Capital fund dedicated to innovation, with a size of 100 million euros or 1.1 billion dirhams . This fund will be open to leading Moroccan institutional investors.
Funding for African startups has grown exponentially (-12x) over the past five years. However, this financing represents less than 1% of global investments in venture capital. On the strength of this observation, Al Mada is launching the largest venture capital fund with African capital.
“This pan-African fund”
The fund is thus intended to take minority stakes in innovative and fast-growing start-ups that have reached a certain maturity, in order to support them in their development.
This fund will help start-ups to grow and express their full potential by providing selected start-ups, in addition to the capital provided, with high value-added support: by facilitating access to relevant networks, by organizing strategic partnerships and by working closely with entrepreneurs to seize growth opportunities on the continent.
Al Mada positions itself as a growth accelerator and a responsible investor at the service of the talents of the continent. “Al Mada is delighted to bring its investment experience, as a century-old pan-African reference player, to young innovative entrepreneurs who are building the Africa of tomorrow. These startups will thus be able to rely on its solid expertise and that of its teams specializing in Venture Capital”, indicates the same source.