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Top 10 Hardware Startup Investors in Morocco (July 2026)

The most active venture capital funds and angel investors investing in Morocco Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Morocco Hardware startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
UM6P Ventures
VC Fund
3 Morocco, Israel, United States Seed, Pre-Seed Agriculture, Health Care, B2B $110k–$4M
First circle capital
VC Fund
2 Nigeria, Egypt, United States Pre-Seed, Seed Financial Services, FinTech, Finance $100k–$4M
MNF Ventures
VC Fund
2 Morocco, France, Canada Seed, Series A, Pre-Seed Online Portals, FinTech, Enterprise Software $200k–$1.6M
LoftyInc Capital
VC Fund
1 United States, Nigeria, Egypt Seed, Pre-Seed, Series A Financial Services, FinTech, Software $100k–$37M
Launch Africa
VC Fund
1 Nigeria, South Africa, United States Seed, Pre-Seed Financial Services, FinTech, Information Technology $200k–$4M
Attijariwafa Ventures
VC Fund
1 Morocco, Tunisia Seed, Venture - Series Unknown Apps, Retail, FinTech $4M–$5M
CDG Invest
VC Fund
1 Morocco, France, United Arab Emirates Seed, Pre-Seed, Series A Software, Apps, Financial Services $200k–$19M
Kili Ventures
VC Fund
1 India, Morocco Seed Apps, Retail, Grocery
First Circle Capital
VC Fund
1 Egypt, Morocco, South Africa Seed, Pre-Seed Apps, Retail, Finance $3.5M–$4M
Al Mada Ventures
VC Fund
1 Morocco, Togo, Egypt Seed, Series A, Series B Apps, Software, B2B $2.4M–$17M
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Investor list

UM6P Ventures
VC Fund · Benguerir, Marrakech-Tensift-Al Haouz, Morocco · 3 investments in Morocco Hardware startups

UM6P Ventures is a venture capital investment firm that invests in Science & Innovation.

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Investment focus

  • Industry: Agriculture, Health Care, B2B
  • Stage:Seed, Pre-Seed
  • Geography: Morocco, Israel, United States

Investor stats

  • Total investments: 26
  • Round size: Seed $275k–$4M; Pre-Seed $110k–$1.5M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • ATAREC
  • WafR — WafR is a reward-based loyalty startup that allows users to earn phone recharges while shopping at retail shops.
  • Akorn Technology — Akorn uses upcycled, non-GMO corn by-products to manufacture edible coatings that makes the shelf life of fresh produce last.
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First circle capital
VC Fund · Casablanca, Grand Casablanca, Morocco · 2 investments in Morocco Hardware startups

First Circle Capital is a venture capital firm seeding the next fintech generation in Africa.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Pre-Seed, Seed
  • Geography: Nigeria, Egypt, United States

Investor stats

  • Total investments: 35
  • Round size: Seed $455k–$4M; Pre-Seed $100k–$780k
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • PayTic — PayTic enables payments issuers to manage their card programs by providing dedicated back-office solutions that streamline the end-to-end operations in customer support, chargebacks, fraud, AML, reporting, and reconciliation. Our proprietary solutions are unique in automating and centralizing the program management processes, regardless of thenumber of processors and the payment networks involved in the payments products. We impact payments providers by eliminating the defragmented and manual processes and replacing them with a SaaS platform that increases proactivity, mitigates risks, and delivers value. It reduces the burn rate to near 0 in operational costs and offers an unprecedented competitive advantage. PayTic is introducing the Zero Ops model in managing payments.
  • Pumpkn — Need reliable funding? We provide quick loans and capital tailored for Agriculture businesses in South Africa. Grow your business with Pumpkn. Apply now!
  • Scale — Scale accelerates market entry and revenue for fintechs with a people-first approach.
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MNF Ventures
VC Fund · Casablanca, Grand Casablanca, Morocco · 2 investments in Morocco Hardware startups

MNF Ventures is a venture capital fund based in Morocco, investing in Seed, Pre-Series A and Series A startups. Tickets size can go up to USD 1M. We invest in tech startups operating in Fintech/Insurtech, EdTech, Regtech, HealthTech, Biotech, EnergyTech Cybersecurity, SaaS... Startups have either to be based in Morocco, or be based worldwideif at least one of the founders is a Moroccan citizen. MNF Ventures manages Maroc Numeric Fund and Maroc Numeric Fund II.

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Investment focus

  • Industry: Online Portals, FinTech, Enterprise Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Morocco, France, Canada

Investor stats

  • Total investments: 32
  • Round size: Seed $200k–$1.6M; Series A $250k–$700k
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $20M in 2018

Portfolio highlights

  • Damanesign — Damanesign operates as a digital trust solutions startup. Damanesign is a startup that is seizing new legislation opportunities on digital trust in Morocco to provide users with the utmost safety in documentation.
  • Atlan Space — Building Artificial Intelligence to autonomously pilot any fixed wing drone, to monitor and take measures over very large areas
  • OnePay — OnePay is a fintech startup that operates as a distributor of means of payment and aggregator of payment and value-added services in electronic transactions.
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LoftyInc Capital
VC Fund · Carmel, California, United States · 1 investments in Morocco Hardware startups

LoftyInc Capital Management empowers Afropreneurs to build a prosperous and equitable future in Africa. We deliver value to both founders and investors.........

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Nigeria, Egypt

Investor stats

  • Total investments: 147
  • Round size: Seed $100k–$5M; Pre-Seed $100k–$2.4M; Series A $250k–$37M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $14M in 2021

Portfolio highlights

  • Aku — Aku is a financial technology to drive financial inclusion on one mobile device. They provide payments and bring financial services to the doorstep. They support the new business owner in need of the right tools. They offer low-cost, accessible financial services that serve their customers. They radically democratized access to banking and digitalpayment channels.
  • Cauridor — Cauridor is a Financial Services company.
  • AlumUnite — AlumUnite is a purpose-built platform to connect all educated Africans to develop Africa's human capital through alumni groups. We crowd-resource education.
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Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 1 investments in Morocco Hardware startups

Launch Africa is a leading Pan-African VC fund solving the significant funding gap in the Seed and pre-Series A investment landscape in Africa

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, South Africa, United States

Investor stats

  • Total investments: 178
  • Round size: Seed $200k–$4M; Pre-Seed $200k–$1.8M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $36M in 2022

Portfolio highlights

  • Yamify — Yamify is an AI platform where intelligent agents reliably run mission-critical business workflows in Africa. Founded by Silicon Valley engineers, our platform automates complex operations by integrating humans, systems, and infrastructure reliably, even under connectivity, latency, and compliance challenges. Starting with on-prem deployments,Yamify is evolving into a full AI automation infrastructure for African enterprises.
  • Shopstar — A place for makers and creators to start, manage and grow successful online stores. Our built-in design, payment and shipping methods provide you with an all in one solution. Get started with a free 14-day trial.
  • Kashat — The region's first nano financial service provider, offering small productive loans, and serving as the entry point to financial inclusion for the un- and underbanked population in Egypt.
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Attijariwafa Ventures
VC Fund · Casablanca, Grand Casablanca, Morocco · 1 investments in Morocco Hardware startups

Attijariwafa Ventures is a venture capital firm that supports entrepreneurs and startups.

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Investment focus

  • Industry: Apps, Retail, FinTech
  • Stage:Seed, Venture - Series Unknown
  • Geography: Morocco, Tunisia

Investor stats

  • Total investments: 3
  • Round size: Seed $4M–$5M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Agenz — Agenz was founded to deliver credible real estate market data that is updated in real time, allowing individuals to make faster and more informed real estate decisions at the right time.
  • WafR — WafR is a reward-based loyalty startup that allows users to earn phone recharges while shopping at retail shops.
  • Konnect — Konnect provides a cross borders payment solution intended to simplify complex financial flows allowing companies of any scale and size to send and receive payments in a practical, secure, and low-cost way.
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CDG Invest
VC Fund · Rabat, Rabat-Sale-Zemmour-Zaer, Morocco · 1 investments in Morocco Hardware startups

CDG Invest is the investment branch of the CDG group. CDG Invest acts both as an investment manager for its own account following both financial and strategic logic, as well as as a fund manager for third parties. CDG Invest intervenes in various key sectors of the Moroccan economy: industry, agro-food, digital/digital, renewable energy, andterritorial PPP and with various segments of companies.

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Investment focus

  • Industry: Software, Apps, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Morocco, France, United Arab Emirates

Investor stats

  • Total investments: 45
  • Round size: Seed $306k–$4M; Pre-Seed $200k–$200k; Series A $10M–$19M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Klaim — Klaim is an InsureTech platform offering a SaaS medical claim management and financing platform all in one. They provide them with total visibility on their revenue cycle, increase their revenue through reduced claim processing time and errors, and faster payments.
  • Yakeey — Yakeey is an end-to-end transactional marketplace that radically simplifies the experience of buying, selling and renting real estate.We leverage on data and technology to connect all real estate market players through a state of the art platform, create a chain of trust and powerful network effects and accelerate transactions.Yakeey is builton a community of real estate advisors, YakeeyPRO, to deliver a continuous professional and tailored service at every step of the transaction.
  • MYCOPHYTO — Co-created in July 2016 by Justine LIPUMA, PhD in microbiology, and Christine PONCET-DOISE, Senior Research Engineer at INRA, MYCOPHYTO is the result of 30 years of experimentation in biological crop protection.
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Kili Ventures
VC Fund · 1 investments in Morocco Hardware startups

Kili Ventures is am investment firm. The name 'Kili' stands for Mount Kilimanjaro, worlds highest free-standing mountain.Kili Ventures management consulting is specialized in digital business strategy, business development and marketing & sales.

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Investment focus

  • Industry: Apps, Retail, Grocery
  • Stage:Seed
  • Geography: India, Morocco

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • WafR — WafR is a reward-based loyalty startup that allows users to earn phone recharges while shopping at retail shops.
  • Smartworks — Find office spaces with flexible leases, modern amenities, and prime locations. Ideal for businesses of all sizes. Explore your office space options today!
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First Circle Capital
VC Fund · Casablanca, Grand Casablanca, Morocco · 1 investments in Morocco Hardware startups

First Circle Capital is a venture capital firm seeding the next fintech generation in Africa.

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Investment focus

  • Industry: Apps, Retail, Finance
  • Stage:Seed, Pre-Seed
  • Geography: Egypt, Morocco, South Africa

Investor stats

  • Total investments: 3
  • Round size: Seed $3.5M–$4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • MNZL — MNZL is on a mission to expand access to capital for Egyptians.Every person who owns an asset has accumulated wealth in it. When they want liquidity for their projects and needs, they should be able to tap into it as easily as withdrawing from a bank.With an innovative digital platform and products, we are working on making digital access tocapital a reality, and building the future of asset-backed financing in Africa.
  • WafR — WafR is a reward-based loyalty startup that allows users to earn phone recharges while shopping at retail shops.
  • Orca Fraud — Orca empowers fraud fighters with effective tools to combat fraud
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Al Mada Ventures
VC Fund · 1 investments in Morocco Hardware startups

Al Mada Ventures is an investment firm.

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Investment focus

  • Industry: Apps, Software, B2B
  • Stage:Seed, Series A, Series B
  • Geography: Morocco, Togo, Egypt

Investor stats

  • Total investments: 9
  • Round size: Seed $2.4M–$8M; Series A $6M–$17M
  • Lead/follow: 78% lead, 22% follow

Portfolio highlights

  • WafR — WafR is a reward-based loyalty startup that allows users to earn phone recharges while shopping at retail shops.
  • Checker
  • Money Fellows — MoneyFellows digitizes the ROSCA model, enabling group lending and savings.
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Hardware Investor funding in Morocco at a glance

Stats across 19 deals from 23 investors.

23
investors
in Morocco Hardware startups
19
deals
in Morocco Hardware startups
$1M
median round
in Morocco Hardware startups
74%
lead investors
lead at least one round
42%
Seed
most common funding stage
96/4
VC / Angel
share of investor count

Access all 23 investors in Morocco Hardware startups.

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