- January 2, 2023
- Category: MNF II
Aware of the importance of the Moroccan diaspora in the development of the startups ecosystem in Morocco, “Maroc Numeric Fund II” (MNF II) announces the extension of its investment strategy to include startups founded outside Morocco by Moroccans residing abroad.
In addition to investing in Moroccan startups based in Morocco, this extension of MNF II’s investment strategy, approved by the Fund’s governance bodies, will allow it to invest in startups headquartered abroad.
The targeted startups will have to have at least one founder of Moroccan nationality, and the establishment of a subsidiary in Morocco creating value according to criteria in line with the development strategy of the invested company.
Created in 2018, MNF II has made 6 investments to date in startups operating, among others, in Fintech, EdTech, LegalTech and AI.
It succeeds to MNF fund launched in 2010, which reached the end of its investment period in 2016, and which had made a total of 17 investments in Moroccan technology startups in different fields.
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 in Technopark Casablanca.
Maroc Numeric Fund II contact :
Phone: +212 5 22 50 30 33