# First Circle Capital: portfolio, investments and team > First Circle Capital is a vc firm based in Morocco. 3 investments on record, 1 in the last 12 months, latest Feb 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/first-circle-capital (Millionrounds; every figure on the page links to its filing or article) Morocco · [Investor](https://millionrounds.com/investors) # First Circle Capital Last cheque observed Feb 2026; 3 cheques on record. Email VC firm Deploying now New fund $11M, Aug 2025 Pre-seed Seed Fintech Follow First Circle Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ffirst-circle-capital) Deploying now **50%** of best year **1** **cheques in 12 months**, 3 on record Since the last cheque **253** days **00** hrs **00** min **00** sec Median round **$2.0M** Rounds led **2 of 3** Pitch First Circle Capital ## First Circle Capital highlights - 01 1 cheques in the last 12 months - 02 Mostly Seed and Pre-seed: 100% of its rounds - 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-seed Seed - **Sectors:** Fintech - **Based in:** Casablanca, Morocco - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **3 appearances** - **2026** 1 round - **Feb** **[WafR](https://millionrounds.com/company/wafr)** Seed · MA · Disrupt Africa **$4.0M** With 8 others - **2025** 1 round - **Aug** **[TurnStay](https://millionrounds.com/company/turnstay)** Seed · ZA · Disrupt Africa **$2.0M** *Led* - **2024** 1 round - **Oct** **[Scale](https://millionrounds.com/company/scale)** Pre-seed · ZA · Disrupt Africa **$700K** *Led* 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 registration **2 named** AA **Agnes Aistleitner Kisuule** Managing Member i Filing they signed SR **Selma Ribica** Managing Member i Filing 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 [Balad](https://millionrounds.com/company/balad)[Credify](https://millionrounds.com/company/credify)[Credrails](https://millionrounds.com/company/credrails)[Dayra](https://millionrounds.com/company/dayra)[Flow48](https://millionrounds.com/company/flow48)[Getscale](https://millionrounds.com/company/getscale)[Lenco](https://millionrounds.com/company/lenco)[Octamile](https://millionrounds.com/company/octamile)[Orca-fraud](https://millionrounds.com/company/orca-fraud)[Pennee](https://millionrounds.com/company/pennee)[Talk360](https://millionrounds.com/company/talk360)[Terminal](https://millionrounds.com/company/terminal)[Tractionapps](https://millionrounds.com/company/traction-apps)[Turnstay](https://millionrounds.com/company/turnstay)[Wafr](https://millionrounds.com/company/wafr)[Wiassur](https://millionrounds.com/company/wiassur) Credpal E-doconline Getgamp Infiushealth Kashier Mnzl Mystash Oola Opareta Pumpkn Thunders Useklump Veendhq Yemaachi Yourpower 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. New fund on file **$11M** raised in Aug 2025 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Pre-seed Seed Median round joined **$2.0M** the round, not its cheque Led 2 of 3 rounds **67%** - **Sole investor:** Never alone - **Last cheque:** Feb 2026 Rounds by stage said on their site - Seed said *2* - Pre-seed said *1* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Circle](https://millionrounds.com/fund/circle) 2 **Pitching First Circle Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## 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. [**Circle** Hedge fund **2** rounds together](https://millionrounds.com/fund/circle) ## Recently backed The latest companies First Circle Capital put money into. [**WafR** $4.0M · Feb 2026](https://millionrounds.com/company/wafr)[**TurnStay** $2.0M · Aug 2025](https://millionrounds.com/company/turnstay) ## 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. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=first-circle-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=first-circle-capital)