Top Startup Investors in Casablanca

Casablanca’s startup scene has come of age. The city now sits at the heart of North Africa’s venture capital flows, drawing in founders, angels, and global investors keen on what the Moroccan market offers. If you’re an early-stage founder eyeing VC funding—seed, Series A, or something in-between—better get across who’s writing cheques right now.

Access to capital could make or break your next funding round, and with more VC firms moving in, knowing your stuff is critical. This list, put together with a little help from Arageek and an eye on what founders actually need, lines up Casablanca’s most active VCs in alphabetical order, so you can suss out who fits best before you start lobbing over pitch decks.

AfricInvest is a veteran on the African VC scene, working across the continent since 1994. With a hefty billion-dollar war chest and 16 funds under its belt, they’re equally at home in fintech, agribusiness, consumer sectors, and healthcare. Their Casablanca footprint is solid, most notably in joining April 2025’s $4 million round for PayTic, a homegrown Moroccan fintech. Backing comes with deep sector knowledge, plus teams ready to get hand-on across North and Sub-Saharan Africa.

Al Mada Ventures takes its place among Morocco’s bigger VC outfits, although they like to keep things fairly close to the chest. Their investments lean toward tech—one enterprise bet, another in software—which suggests they’re on the lookout for scalable digital models. Not much is public on their thesis, but with deep coffers and a reputation for supporting Moroccan innovation, they’re one to watch if you’re playing in the software or enterprise field.

Cash Plus VC Fund is a rising corporate venture arm spun out of Morocco’s Cash Plus fintech company. They’re all about B2B platforms and information tech that can plug neatly into their own digital services. Their move to back ZSystems, a B2B super app, shows how strategic investment can run hand in hand with giving startups a crucial leg-up on industry connections and potential partnership routes.

CDG Invest, part of Morocco’s heavyweight CDG Group, covers both its own investments and those of third-party clients. With funds totalling nearly MAD 4.5 billion, they’ve got the firepower to back scale-ups in industry, agro-food, digital, and green energy. Regulars at industry events and keen on knowledge sharing, they’re a big presence for founders wanting both money and mentorship—expect strategic involvement with every signed term sheet.

Operated by BMCE Capital Investments, FCV is a specialist at backing high-potential Moroccan startups at early-stage. Their headline move so far is dropping MAD 5 million into Premium Technology and Services (PTS), snagging a 5.75% stake. While fintech gets a lot of attention, they’re open to standout opportunities in other local industries, especially those with sights on expansion beyond Morocco.

Rebranded from MITC Capital in 2024, MNF Ventures is a regular name on the Casablanca venture capital circuit—managing both Maroc Numeric Fund I and II. Their appetite runs to seed and Series A rounds, especially across fintech, SaaS, healthtech, and more. They back Moroccan-founded startups both home and abroad, holding a solid 28 investments to date. While not every portfolio company has soared, they’re regarded as a real cornerstone in the city’s startup story.

Musha Ventures keeps it niche, piling in at the seed and pre-seed stage for Moroccan B2B and SaaS startups. They like efficient technology—whether water management or travel SaaS—and keep tickets between $50K and $200K, so founders can get real traction. Recent deals include bets on Logidoo, ZSystems, and Userguest.com, meaning they're more than just talk when it comes to supporting Morocco’s digital leap.

Outlierz Ventures plants its flag as a champion for game-changing founders, with a heavy slant toward fintech, B2B payments, and serious software. Their mission is to chase down the most determined African entrepreneurs who are taking on hefty market problems. A few examples? Lengo, Bujeti, and Maad. If you’re trying to master a wicked problem for an addressable market, these are the folk who might just get it.

Partech, a global giant in venture circles, is one of the few international VCs making repeated bets in the Moroccan tech market. While details of their Casablanca playbook are hush-hush, they’ve clocked up a few deals in enterprise and software. It’s safe to say if you’re scaling up and looking for crossover between Europe and Africa, Partech is well worth a look—even if landing a meeting sometimes feels like chasing a unicorn.

Witamax has made a name for itself with decisive early-stage bets, especially in 2025. The firm led a $600,000 investment into WashMinute—an eco-friendly carwash startup—showing a real taste for B2B and software-first innovation. The motto "Take your flight with Wita ventures" gives you the vibe: they’re looking for ambitious, transformation-minded founders ready to quit waiting and get moving.

Casablanca’s venture capital landscape in 2025 is a mix of established giants, up-and-coming seed backers, and international investors who see a rare gateway into Africa. Don’t mistake the glamour for easy money—the number one headache for founders here is still getting that first cheque. But for startups that crack the code, there’s a growing pool of capital ready to get behind innovation, industry, and hard-won traction. The city’s no longer just a stopover; it’s become the main stage. If you’re pitching, do your research, line up your warm intros, and keep it real—this lot can smell bluster from a mile off.