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Al Mada Launches €100 Million to Invest in African Tech Startups

The Fund targets tech-enabled startups across the fintech, healthtech, logistics, edtech, and renewable energy sectors



Al Mada Launches €100 Million for African Startups
Al Mada Launches €100 Million for African Startups

Al Mada Holding Group, a Morocco-based Venture Capital firm, has launched a $110 million (€100 million) pan-African VC fund to invest in fast-growing startups.

Al Mada seeks to invest in tech-enabled startups across the fintech, healthtech, logistics, edtech, and renewable energy sectors, as well as provide access to mentorship and networking.

The fund also targets attracting innovative investors and taking part in the fast-growing African startup landscape, as it contributes to the development and emergence of promising technology-oriented startups specialising in its focus sectors.

Asides the sector, another important factor of consideration is the maturity stage of the startups. The fund will operate as a vertical accelerator, targeting startups that have reached a certain level of maturity. These startups will gain access to Al Mada’s large network of partners.

Al Mada is delighted to bring its 100-year experience as a pan-African inverter to young innovative entrepreneurs who are building the Africa of tomorrow,” the firm noted. “Startups will thus be able to rely on our solid expertise and that of our teams specialising in venture capital.”

Al Mada is a private equity firm based in Casablanca, Morocco present in 27 African countries. The firm seeks to make impactful investments in African companies operating in financial services, construction material, retail and distribution, telecommunication, mining, energy, telecommunication real estate, and tourism.

With its dedicated €100 million Venture Capital fund, the largest with 100% African capital, Al Mada identifies and brings to maturity the startups that are creating the Africa of tomorrow.

Meeting the highest standards and CSR norms, Al Mada brings together expertise, culturally diverse teams and diversified partners to serve projects that benefit their environment.

Finally, one of Al Mada’s strengths is its ability to pool the expertise of teams from a variety of cultures and a range of partners to work together on joint projects. Identified as a reference partner, Al Mada has already achieved great successes with global leaders such as Santander, ArcelorMittal, LafargeHolcim, Caterpillar, Zain and Engie.

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​Joan Aimuengheuwa is a content writer who takes keen interest in the scopes of innovation among African startups. She thrives at meeting targets and expectations. Contact: [email protected]

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