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Al Mada Ventures is a pan-African venture capital fund based in Casablanca, Morocco, with a capital of $110 million. Launched in 2022, the fund is entirely backed by African capital, emphasizing its commitment to supporting visionary entrepreneurs across the continent. Al Mada Ventures is positioned as 'for Africans, by Africans', which highlights its dedication to fostering local talent and innovation.
The fund operates as a dedicated venture capital vehicle, separate from the broader operations of Al Mada Holding Group, one of Africa's largest private investment groups, controlled by the Moroccan royal family. Al Mada Ventures aims to invest in scalable, sustainable, and innovative companies that can reshape industries across Africa.
Currently, the fund manages assets across 27 markets, with 25 of those located in Africa. Al Mada Ventures has a target portfolio size of approximately 20 companies, focusing on startups that have reached an initial degree of maturity.
Al Mada Ventures invests in Seed to Series B opportunities, targeting a diverse range of sectors including fintech, healthcare, artificial intelligence, logistics, energy, climate, consumer goods, and edtech. The fund seeks to support companies that demonstrate the potential to scale both within Africa and on a global stage.
Investment check sizes range from $500,000 to $6 million, with follow-on investments in successful portfolio companies potentially reaching up to $10 million. Al Mada Ventures prefers to take minority stakes in its investments, aiming to provide not just capital but also strategic guidance and access to a network of industry experts.
The firm looks for technology-oriented, scalable, and sustainable business models that can reshape industries across Africa. Al Mada Ventures emphasizes the importance of supporting entrepreneurs who are committed to addressing local challenges and creating impactful solutions.
Al Mada Ventures has invested in a diverse array of companies across various sectors. Notable portfolio companies include:
These companies reflect Al Mada Ventures' commitment to investing in innovative solutions that address pressing challenges across the African continent.
Omar Laalej - Managing Director: Omar has extensive experience in venture capital and private equity, focusing on investments in technology and innovation across Africa.
Narjisse Belmahi - CFO & COO: Narjisse oversees financial operations and strategic planning, bringing a strong background in finance and management.
Yassine Soual - Investment Director: Yassine leads investment strategies and portfolio management, with expertise in identifying high-potential startups.
Sofia Salomão - Investment Principal: Sofia plays a key role in deal sourcing and due diligence, leveraging her experience in venture capital.
Rida Chahoud - Vice President Synergy and Business Development: Rida focuses on creating synergies within the portfolio and driving business development initiatives.
Renato Rossi - Senior Investment Officer: Renato supports investment analysis and portfolio management, contributing to the fund's strategic objectives.
Zaineb EL Atmani - Office Manager: Zaineb manages office operations and administrative functions, ensuring smooth day-to-day activities.
To pitch Al Mada Ventures, founders should send their proposals via email to contact@almadaventures.com. A comprehensive pitch deck is essential, detailing the business model, market analysis, and team qualifications.
It is recommended to include information on the startup's traction, financial projections, and how the business aligns with Al Mada Ventures' investment thesis. Founders should expect a response within a few weeks, and warm introductions are preferred but not mandatory.
In December 2023, Al Mada Ventures was featured in TechCrunch, highlighting its position as Africa's largest dedicated startup VC fund at the time of its launch in 2022. The article emphasized the fund's unique backing by African capital and its commitment to supporting local entrepreneurs.
In March 2022, Wamda reported on the launch of Al Mada Ventures, detailing its $110 million fund size and its focus on investing in scalable and innovative companies across Africa.
Additionally, Morocco World News covered the establishment of Al Mada Ventures, noting its aim to reshape industries and support visionary entrepreneurs throughout the continent.
What are Al Mada Ventures' investment criteria?
Al Mada Ventures focuses on technology-oriented, scalable, and sustainable companies across various sectors, including fintech, healthcare, and logistics. They invest in Seed to Series B stages and prefer startups that have reached an initial degree of maturity.
How can I pitch to Al Mada Ventures?
Founders can reach out via email at contact@almadaventures.com. It is advisable to include a detailed pitch deck that outlines the business model, market opportunity, and team background.
What makes Al Mada Ventures different from other VCs?
Al Mada Ventures is uniquely backed entirely by African capital and emphasizes its commitment to supporting local entrepreneurs. Their focus on 'for Africans, by Africans' sets them apart in the venture capital landscape.
What is the typical check size for investments?
Al Mada Ventures typically invests between $500,000 and $6 million in its portfolio companies, with follow-on investments potentially reaching up to $10 million for successful ventures.
What geographic areas does Al Mada Ventures focus on?
The fund invests across 27 markets, with a primary focus on 25 countries within Africa, aiming to support startups that can scale regionally and globally.
What kind of support do portfolio companies receive?
In addition to capital, Al Mada Ventures provides strategic guidance and access to a network of industry experts, helping entrepreneurs navigate challenges and scale effectively.
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