- July 8, 2022
- Category: Investment, MNF II
Aza Petrosolutions announces a fundraising of MAD 3 million from Maroc Numeric Fund II.
Based in Agadir, and founded by Zakaria Azemzi, Fatima Ezzahra Azemzi and Abdelaziz Elaiachi, Aza Petrosolutions (formerly Aza Petroleum) is a startup specializing in the design of technological solutions and the creation of smart and connected objects, dedicated to the oil distribution industry.
The solutions developed by AZA Petrosolutions gives its clients a full monitoring solution, allowing them to eliminate the traditional methods of reconciliation, and incorporates an automated system for managing refueling and distribution operations as well as the introduction of mobile payment at service stations.
This is the 6th investment of Maroc Numeric Fund II and the 23nd investment of its management team, taking into account the investments made by Maroc Numeric Fund I, which is now in the divestment phase.
Mrs. Dounia Boumehdi, Managing Director of MITC Capital, the management company of Maroc Numeric Fund II, said: “We are happy to support Aza Petrosolutions in its development. We were seduced by the quality and complementarity of its teams, and by the innovations they have developed and which meet real digitalization needs in the oil distribution industry.”
Maroc Numeric Fund is since 2010, the reference investment fund in technology startups. The expertise accumulated by its management team has enabled the emergence of several Moroccan success stories. More than just a financial lever, Maroc Numeric Fund is a real catalyst for high-potential startups. It acts as an active shareholder by providing its portfolio companies with advice and monitoring of their management, in addition to investment, while sitting on their corporate bodies.
Advisors for this operation
- Legal counsel: Dentons Sayarh & Menjra Morocco
- Certified Public Accountant : Expact Partners, représented by Mr Rochdi Chmali
About Aza Petrosolutions
AZA Petrosolutions (previously known as AZA Petroleum) is a Moroccan startup, based in Agadir, and founded in 2020, by Zakaria Azemzi, Fatima Ezzahra Azemzi and Abdelaziz Elaiachi. AZA Petrosolutions is a startup specializing in the design of technological solutions and the creation of smart and connected objects dedicated to the oil distribution industry.
AZA Petrosolutions contact :
Mr Zakaria Azemzi
Tél. : +212 808 582 534
Email : contact@aza.ma
Site web : https://petro.aza.ma
About Maroc Numeric Fund II
Maroc Numeric Fund II (MNF II) is an institutional fund dedicated to financing Moroccan technology startups with high growth potential. It was created as part of the Innov Invest program launched by Tamwilcom (formerly CCG), and its shareholders include Tamwilcom, Attijariwafa Bank, Chaabi Capital Investissement, BMCE Bank of Africa and MITC, the Technopark’s managing company.
MNF II is the successor to the MNF fund launched in 2010 and reaching the end of its investment period in 2016, which had made 17 investments in Moroccan technology startups in various fields.
Maroc Numeric Fund II is a limited company under Moroccan law, whose head office is located in Technopark Casablanca.
Maroc Numeric Fund II contact :
Email: contact@mitccapital.ma
Phone: +212 5 22 50 30 33
Website: https://www.mnf.ma