# First Circle Capital

> First Circle Capital is a VC fund in Casablanca backing Apps and Retail. See 3 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Casablanca, Morocco
- Total investments: 3
- Last investment: Feb 2026
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/firstcirclecapital/
- X (Twitter): https://mobile.twitter.com/firstcirclecap
- Website: https://www.firstcircle.capital/
- Facebook: https://www.facebook.com/firstcirclecapital/

First Circle Capital is a financial company that provides investment advice, venture capital, and private equity service.

## Contacts

5 contacts available for First Circle Capital. Shizune tracks 1 team members at First Circle Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/first-circle-capital-1cb0?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $3.5M–$4M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Apps | 1 | 33% |
| Retail | 1 | 33% |
| Finance | 1 | 33% |
| Grocery | 1 | 33% |
| Software | 1 | 33% |

11 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 67% |
| Pre-Seed | 1 | 33% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Egypt | 1 | 33% |
| Morocco | 1 | 33% |
| South Africa | 1 | 33% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Selma Ribica | Co-Founder & Managing Partner | 5 | https://shizune.co/investors/profile/selma-ribica |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| WafR | WafR is a reward-based loyalty startup that allows users to earn phone recharges while shopping at retail shops. | $4M | Seed | Feb 20, 2026 |  |
| Orca Fraud | Africa's first fraud orchestration platform | $550K | Pre-Seed | May 24, 2024 |  |
| 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. | $3.5M | Seed | May 08, 2024 |  |

3 of 3 investments shown.

## Co-investors
- [Everywhere Ventures](https://shizune.co/investors/profile/everywhere-ventures) — VC Fund, 3 deals together
- [First circle capital](https://shizune.co/investors/profile/first-circle-capital) — VC Fund, 2 deals together
- [500 Global](https://shizune.co/investors/profile/500-startups-da1d) — VC Fund, 1 deal together
- [Al Mada Ventures](https://shizune.co/investors/profile/al-mada-ventures) — VC Fund, 1 deal together
- [Attijariwafa Ventures](https://shizune.co/investors/profile/attijariwafa-ventures) — VC Fund, 1 deal together
- [beenok](https://shizune.co/investors/profile/beenok) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund
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- [Global Founders Capital](https://shizune.co/investors/profile/global-founders-capital) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
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### Similar country
- [MNF Ventures](https://shizune.co/investors/profile/maroc-numeric-fund) — VC Fund
- [CDG Invest](https://shizune.co/investors/profile/cdg-invest) — VC Fund
- [UM6P Ventures](https://shizune.co/investors/profile/um6p-ventures) — VC Fund

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## FAQ

### What does First Circle Capital invest in?

First Circle Capital invests primarily in Apps, Retail and Finance startups, most often at Seed and Pre-Seed stage. Most of the 3 investments tracked by Shizune back companies in Egypt. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is First Circle Capital's check size?

First Circle Capital typically joins rounds of $3.5M–$4M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds First Circle Capital participates in.

### How do I contact First Circle Capital?

Public channels for First Circle Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at First Circle Capital?

The team at First Circle Capital includes Selma Ribica (Co-Founder & Managing Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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