# Investors based in Morocco (2026 list)

> 159 investors based in Morocco, 6% active in the last 12 months. Led by Viveris Istithmar, Al Mada Ventures, WITAMAX. Ranked by what they funded.

Source: https://millionrounds.com/lists/investors-based-in-morocco (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Investors based in Morocco

Updated 7 November 2026

Firms headquartered in Morocco, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in Morocco.

[See all 159 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-morocco)The top 25

**159** investors on the list No change this week

**13** cheques in 12 months Too few cheques to tell

**$4M** median round they joined *-50%* against the market median

**6%** wrote a cheque in 12 months

**6%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (9)

- 1 [Viveris Istithmar](https://millionrounds.com/fund/viveris-istithmar) dormant Investment firm · Morocco **9** **$6.4M** median round **Nov 2013** last seen
- 2 [Al Mada Ventures](https://millionrounds.com/fund/al-mada-ventures) *Deploying now* VC firm · Morocco **7** **$12M** median round **Nov 2026** last seen
- 3 [WITAMAX](https://millionrounds.com/fund/witamax) *Deploying now* VC firm · Morocco **6** **$1.6M** median round **Apr 2026** last seen
- 4 [Outlierz Ventures](https://millionrounds.com/fund/outlierz-ventures) quiet VC firm · Morocco **4** **$5M** median round **Nov 2024** last seen
- 5 [Attijariwafa Ventures](https://millionrounds.com/fund/attijariwafa-ventures) *Deploying now* VC firm · Morocco **3** **$5M** median round **Jun 2026** last seen
- 6 [First Circle Capital](https://millionrounds.com/fund/first-circle-capital) *Deploying now* VC firm · Morocco **3** **$2M** median round **Feb 2026** last seen
- 7 [Maroc Numeric Fund](https://millionrounds.com/fund/maroc-numeric-fund) *Deploying now* VC firm · Morocco **3** **$1.4M** median round **Apr 2026** last seen
- 8 [UM6P Ventures](https://millionrounds.com/fund/um6p-ventures) *Deploying now* VC firm · Morocco **3** **$4M** median round **Feb 2026** last seen
- 9 [CDG Invest](https://millionrounds.com/fund/cdg-invest) *Deploying now* VC firm · Morocco **2** **$9.5M** median round **Jan 2026** last seen
- 10 [Afri Mobility](https://millionrounds.com/fund/afri-mobility) quiet Corporate VC · Morocco **1** **$12M** median round **Oct 2025** last seen
- 11 [Africa50](https://millionrounds.com/fund/africa50) quiet Private equity · Morocco **1** **$42M** median round **Oct 2024** last seen
- 12 [Azur Innovation Management](https://millionrounds.com/fund/azur-innovation-management) *Deploying now* VC firm · Morocco **1** **$1.6M** median round **Apr 2026** last seen
- 13 [FoundersEdge](https://millionrounds.com/fund/foundersedge) *Deploying now* VC firm · Morocco **1** **$2M** median round **Dec 2025** last seen
- 14 [Kalys Ventures](https://millionrounds.com/fund/kalys-ventures) quiet VC firm · Morocco **1** **$1.1M** median round **Dec 2024** last seen
- 15 [Mendoza Ventures](https://millionrounds.com/fund/mendoza-ventures) quiet VC firm · Morocco **1** **$2.6M** median round **Sept 2019** last seen
- 16 [212Founders](https://millionrounds.com/fund/212-founders) unknown Accelerator · Morocco **none observed** **-** median round **-** last seen
- 17 [34 Ventures We fund and co-build AI & Deep Tech Ventures](https://millionrounds.com/fund/34-ventures-we-fund-and-co-build-ai-and-deep-tech-ventures) unknown Accelerator · Morocco **none observed** **-** median round **-** last seen
- 18 [A-Rock Invest](https://millionrounds.com/fund/a-rock-invest) unknown Investment firm · Morocco **none observed** **-** median round **-** last seen
- 19 [AFRICA IMPACT INVESTING SUMMIT](https://millionrounds.com/fund/africa-impact-investing-summit) unknown Investment bank · Morocco **none observed** **-** median round **-** last seen
- 20 [AIOX Labs - Ventures Builders - AI Studio](https://millionrounds.com/fund/aiox-labs-ventures-builders-ai-studio) unknown Venture studio · Morocco **none observed** **-** median round **-** last seen
- 21 [AL MANAR - HOLDING](https://millionrounds.com/fund/al-manar-holding) unknown Investment bank · Morocco **none observed** **-** median round **-** last seen
- 22 [ALMAMED](https://millionrounds.com/fund/almamed) unknown Investment firm · Morocco **none observed** **-** median round **-** last seen
- 23 [ALX Ventures Morocco](https://millionrounds.com/fund/alx-ventures-morocco) unknown VC firm · Morocco **none observed** **-** median round **-** last seen
- 24 [Agora Technology](https://millionrounds.com/fund/agora-technology) unknown Company · Morocco **none observed** **-** median round **-** last seen
- 25 [AgriFUND for AFRICA](https://millionrounds.com/fund/agrifund-for-africa) unknown Company · Morocco **none observed** **-** median round **-** last seen

**134 more on this list**

All 159 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-morocco)

## The Newest Cheques

Rounds this list's investors joined most recently

- **4** Nov **[Journify](https://millionrounds.com/company/journify)** Series A · $12M *Led by* [Al Mada Ventures](https://millionrounds.com/fund/al-mada-ventures)
- **15** Jun **[Agenz](https://millionrounds.com/company/agenz)** $5M *With* [Attijariwafa Ventures](https://millionrounds.com/fund/attijariwafa-ventures)
- **20** May **[Checker](https://millionrounds.com/company/checker)** Seed · $8M *Led by* [Al Mada Ventures](https://millionrounds.com/fund/al-mada-ventures)
- **13** Apr **[Zsystems](https://millionrounds.com/company/zsystems)** Seed · $1.6M *Led by* [Azur Innovation Management](https://millionrounds.com/fund/azur-innovation-management)
- **25** Feb **[WafR](https://millionrounds.com/company/wafr)** Seed · $4M *Led by* [Al Mada Ventures](https://millionrounds.com/fund/al-mada-ventures)
- **29** Jan **[Yakeey](https://millionrounds.com/company/yakeey)** Series A · $15M *With* [CDG Invest](https://millionrounds.com/fund/cdg-invest)

## Stages This Year

8 rounds

- Seed **50%**
- Series A **25%**
- Other **13%**
- Pre-seed **13%**

## What They Backed

Sectors, last 12 months

- AI **4**
- Real Estate **2**
- Fintech **2**
- Big Data & Analytics **2**
- Proptech **2**
- Retail **2**

## Cheques by Quarter

Led Joined

4 Q1 25

2 Q2 25

1 Q3 25

3 Q4 25

6 Q1 26

5 Q2 26

Q3 26

1 Q4 26

The last bar is the quarter still running.

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[All investor lists *→*](https://millionrounds.com/lists)

## Quick answers about investors based in Morocco

### Who are the most active investors based in Morocco?

By cheques observed, the most active are Viveris Istithmar, Al Mada Ventures, WITAMAX, Outlierz Ventures and Attijariwafa Ventures.

### How many investors based in Morocco are there?

159 are on record. 6% made an investment in the last 12 months and 6% have led a round.

### Which stages do investors based in Morocco back?

Of the rounds with a named stage in the last 12 months, mostly Seed (57%) and Series A (29%).

### How big are the rounds investors based in Morocco join?

The typical (median) round among the leading investors here is $4M.

### Which sectors do investors based in Morocco back most?

In the last 12 months, mostly AI, Real Estate and Fintech.

### Which investors based in Morocco lead the most rounds?

Al Mada Ventures (6 led), WITAMAX (2 led) and First Circle Capital (2 led).

### What have investors based in Morocco invested in recently?

Recent rounds include Journify (Series A, Nov 2026, with Al Mada Ventures), Agenz (Jun 2026, with Attijariwafa Ventures) and Checker (Seed, May 2026, with Al Mada Ventures).

### How is this list of investors based in Morocco ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)