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Since 2024, Al Mada Ventures has backed 6 African startups across 6 disclosed funding rounds totaling $49.2M, most heavily in Morocco and Fintech.
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.
Data updated · Jul 29, 2026
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Al Mada Ventures has backed 6 African startups across 6 disclosed funding rounds tracked on Liners, totaling $49.2M since 2024.
Mostly Seed: 3 of its 6 tracked rounds are at that stage, followed by Venture (Round not Specified) (1).
Its tracked rounds lean toward Fintech (2), Crypto & Web3 (1), Travel & Mobility (1), and 2 more sectors.
Al Mada Ventures most often shares rounds with UM6P Ventures (2 shared deals), Commerce Ventures (1 shared deal), Bitso (1 shared deal).
Al Mada Ventures is a $110 million venture capital fund investing in scalable, sustainable, and innovative companies across Africa. It is backed by 100% African capital and focuses on technology startups in sectors like fintech, logistics, and agritech.
Al Mada Ventures has backed WafR and Yolafresh in Morocco, Moneyfellows in Egypt, and Gozem in Togo. These investments span fintech, agritech, and travel and mobility sectors.