Al Mada Ventures

Al Mada Ventures is a venture capital fund based in Casablanca, Morocco. According to its official website, the firm manages a 110 million dollar fund that invests in scalable, sustainable and innovative companies with the potential to reshape industries across the African continent. It is backed entirely by African capital and is associated with Al Mada, a large pan African private investment group. Al Mada Ventures invests primarily in technology oriented startups across Africa, from Seed to Series B stages. Its focus areas, as described by Al Mada and reflected in recent activity, include financial services and fintech, logistics and e commerce, renewable energy, healthcare, education and other technology sectors. In its African portfolio the firm has backed companies such as Checker in Nigeria, WafR and YoLa Fresh in Morocco, Money Fellows in Egypt, Gozem in Togo and Userguest in Morocco, covering fintech, crypto and Web3, travel and mobility, marketing and CRM and agri tech. These investments are concentrated in key African markets including Morocco, Nigeria, Egypt and Togo. Through its venture capital strategy, Al Mada Ventures seeks minority positions in innovative, fast growing startups that have reached an initial degree of maturity, and supports their development with both capital and access to a broader African business network. The fund positions itself as a partner for visionary entrepreneurs building solutions for Africa and the world, leveraging a century long African investment heritage and a strong institutional backing in the region.