Casablanca-based Al Mada Holding Group, a prominent African private investment fund, initiates Al Mada Ventures (AMV), a $110 million venture capital firm committed to addressing the shortage in growth-stage investing using exclusively African capital. Recognizing the funding gap at Series A and B stages, AMV employs an evergreen fund approach, aiming to provide patient capital and foster collaboration between startups and corporates.

AMV's Managing Director, Omar Laalej, emphasizes their unique position to bridge the communication gap between corporates and startups, leveraging Al Mada's influence across diverse sectors. The venture firm adopts a sector-agnostic approach but strategically aligns with Al Mada's expertise in financial services, health, logistics, renewable energy, mining, distribution, retail, education, and telecom.

While the original focus was on growth-stage investments, AMV strategically shifts to opportunistically invest in seed-stage startups, citing a temporary low quality of Series A and B startups in the market. The firm aims to build a portfolio of approximately 20 companies, with ticket sizes ranging from $500,000 to $1 million for seed opportunities and $2-6 million for Series A and Series B opportunities.

AMV's proactive approach seeks to identify and invest in mature seed startups, emphasizing their commitment to supporting innovative solutions that address fundamental gaps in African societies. The launch of AMV reflects the maturation of Morocco's venture capital ecosystem and signals a positive trajectory for African startups. 🌍📈 

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