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SEAF Morocco Growth Fund

Investment Strategy

  • The Fund is focused on providing risk capital and operational assistance to 10-15 high-growth, early stage startups and entrepreneur-led companies at the seed early and venture capital stage of their development.
  • The Fund’s goal is to achieve market-rate turns while delivering measurable social and environmental impact.
  • While sector agnostic, the Fund is targeting emerging sectors and segments such as tech-enabled agribusiness, digital media & technology, health, education and fintech, among others.
  • The Fund aims to address the following United Nations Sustainable Development Goals: #2 – Zero Hunger, #4 – Quality Education, #8 – Decent Work and Economic Growth, #9 – Industry, Innovation and Infrastructure, #10 – Reduced Inequalities and #11 – Sustainable Cities and Communities.

Investment Thesis

  • Morocco’s strategic geographic location, political stability and the recent government-enacted reforms to improve competitiveness and the ease of doing business all contribute to an environment that is increasingly ripe for private investment.
  • The return of Morocco’s diaspora, paired with the country’s overwhelmingly young population, serves as a significant source of untapped human talent, as well as one that is quick to adopt newer technologies and innovative solutions.
  • SEAF believes it the Fund will create value by empowering innovators, unleashing the entrepreneurial potential and combining technology and innovation to promote economic empowerment in Morocco.

 

Region: Africa

Location(s): Morocco

Status: Closed

Committed Capital: $25 Million

Investor(s): Caisse Centrale de Garantie, BMCE Bank of Africa, Wise Venture Capital (USAID), the SEAF group, Caisse Marocaine des Retraites, and Asmainvest

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