Morocco · Investor

First Circle Capital

Last cheque observed Feb 2026; 3 cheques on record.

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VC firmDeploying nowNew fund $11M, Aug 2025

Pre-seedSeedFintech

Deploying now
50%of best year1cheques in 12 months, 3 on record
Since the last cheque253days00hrs00min00sec
Median round$2.0MRounds led2 of 3
Pitch First Circle Capital

First Circle Capital highlights

  1. 01

    1 cheques in the last 12 months

  2. 02

    Mostly Seed and Pre-seed: 100% of its rounds

  3. 03

    Led 2 rounds

What they do

SEEDING THE NEXT FINTECH GENERATION IN AFRICA. We invest in FinTech founders on a mission to shape the future of Africa.From their own website
Type
VC firm
Cheque size
Not stated
Stages
Pre-seedSeed
Sectors
Fintech
Based in
Casablanca, Morocco
Cold pitches
Not stated

The record

Every round we can evidence, newest first3 appearances

  1. 2026

    1 round

  2. Feb
    WafRSeed · MA · Disrupt Africa$4.0MWith 8 others
  3. 2025

    1 round

  4. Aug
    TurnStaySeed · ZA · Disrupt Africa$2.0MLed
  5. 2024

    1 round

  6. Oct
    ScalePre-seed · ZA · Disrupt Africa$700KLed

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration2 named

AAAgnes Aistleitner KisuuleManaging MemberiFiling they signed
SRSelma RibicaManaging MemberiFiling they signed

We also hold 6 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What they claim to have backed

From their own portfolio page (on their website)

16 of 31 we have independently watched raise

BaladCredifyCredrailsDayraFlow48GetscaleLencoOctamileOrca-fraudPenneeTalk360TerminalTractionappsTurnstayWafrWiassurCredpalE-doconlineGetgampInfiushealthKashierMnzlMystashOolaOparetaPumpknThundersUseklumpVeendhqYemaachiYourpower

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Who they invest alongside

The investors most often in the same rounds as First Circle Capital. A count of rooms they were both in, not a relationship either has claimed.

CircleHedge fund2rounds together

Recently backed

The latest companies First Circle Capital put money into.

WafR$4.0M · Feb 2026TurnStay$2.0M · Aug 2025

Quick answers about First Circle Capital

What does First Circle Capital invest in?

First Circle Capital invests most often at Seed and Pre-seed (100% of the rounds on record), in sectors such as Fintech.

How active is First Circle Capital?

3 investments on record, 1 of them in the last 12 months, and it led 2. The most recent was in Feb 2026.

What has First Circle Capital invested in recently?

Its most recent investments on record: WafR (Seed, Feb 2026), TurnStay (Seed, Aug 2025) and Scale (Pre-seed, Oct 2024).

How big are First Circle Capital's cheques?

The median round it joins is $2.0M.

Is First Circle Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

Who does First Circle Capital invest alongside?

Most often Circle (2 rounds together).

What kind of investor is First Circle Capital?

First Circle Capital is a VC firm based in Casablanca, Morocco.

Has First Circle Capital raised a new fund?

Its latest fund filing with the SEC was in Aug 2025, reporting $11M raised.

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it