Record VC fire-power for Moroccan start-ups

Morocco took a decisive step toward building a world-class venture-capital ecosystem on Friday, disclosing the first short-list of nine fund managers that will collectively target 2.5 billion MAD (≈ €230 million) in commitments for home-grown tech companies. The announcement, made on the sidelines of the fourth edition of Gitex Africa Morocco in Marrakech, is the latest milestone of the Maroc Digital 2030 national roadmap.

Who made the cut?

The selection, led by the Mohammed VI Investment Fund (FM6I) in partnership with the Ministry of Digital Transition & Administration Reform (MTNRA) and the Caisse de Dépôt et de Gestion (CDG), picked:

Three purely Moroccan managers
Five international houses
One mixed consortium

All 47 applicants that met the request-for-proposal criteria underwent technical scoring and live pitching before a jury of domestic and overseas VC experts. Finalists will now enter due-diligence and fundraising, with each manager expected to anchor a sector-agnostic fund covering pre-seed, seed and Series A+ stages.

Capital structure & risk-sharing sweetener

Public-sector backers (MTNRA, FM6I, CDG) will provide cornerstone equity; the bulk, however, must come from third-party LPs—both Moroccan and foreign. To de-risk early tickets, managers can tap a first-loss guarantee facility rolled out by Tamwilcom under the November 2025 agreement. The mechanism, benchmarked against global best practice, caps downside for junior tranches and is designed to accelerate commitments from cautious investors.

Verticals in focus

While mandates remain flexible, priority sectors include:

Fintech
Agritech
Edtech
Health-tech
Climate-tech

What happens next?

The nine hopefuls must reach first closing by Q1-2027. Only those securing at least 30% of target commitments will receive regulatory approval and access to the catalytic guarantee. The full list of pre-selected managers is available on the FM6I website.

Government officials say the initiative could more than triple domestic VC assets under management and create up to 15,000 high-skilled jobs over the next five years, cementing Morocco's position as Africa's next tech hub.

BOURSSOLE Newsroom

Morocco Unveils €2.3 Bln VC Push: 9 Fund Managers Short-Listed for Digital 2030 Startup Drive