Al Mada Ventures is a $110 million venture capital fund backed by 100% African capital. It invests in scalable, sustainable, and innovative companies across the African continent that have the power to reshape industries. The fund is a spin-out from Al Mada, one of Africa's largest private investment funds headquartered in Casablanca, Morocco, with a presence in 27 African countries. Al Mada Ventures targets Seed to Series B stage opportunities, focusing on sectors such as financial services, logistics, e-commerce, renewable energies, healthcare, and education. Its investments emphasize technology startups operating in Africa, including fintech in Morocco and Egypt, travel and mobility in Togo, and agritech in Morocco. The fund has participated in four funding rounds totaling $39 million from May 2024 to February 2026, backing companies like WafR, Moneyfellows, Gozem, and Yolafresh. The fund collaborates with co-investors including Partech, Algebra Ventures, and UM6P Ventures, supporting visionary entrepreneurs to scale transformative ideas for Africa.