# MNF Ventures

> MNF Ventures is a VC fund in Casablanca backing Online Portals and FinTech. See 32 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Casablanca, Morocco
- Total investments: 32
- Last investment: Apr 2026
- Lead investor: 38%
- Fund size: $20M
- Last fund: Jun 2018
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/mitc-capital-maroc-numeric-fund-/
- X (Twitter): http://twitter.com/MarocNumFund
- Website: http://www.mnf.ma
- Facebook: http://www.facebook.com/pages/Maroc-Numeric-Fund/175649742518288

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.

## Contacts

5 contacts available for MNF Ventures. Shizune tracks 2 team members at MNF Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/maroc-numeric-fund?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $200k–$1.6M |
| Series A | $250k–$700k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Online Portals | 5 | 16% |
| FinTech | 4 | 13% |
| Enterprise Software | 4 | 13% |
| Software | 3 | 9% |
| Education | 3 | 9% |

69 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 18 | 56% |
| Series A | 12 | 38% |
| Pre-Seed | 1 | 3% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Morocco | 22 | 69% |
| France | 3 | 9% |
| Canada | 2 | 6% |
| United States | 2 | 6% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Dounia Boumehdi | Managing Director | 9 | https://shizune.co/investors/profile/dounia-boumehdi |
| Omar El Hyani | Investment Director | 0 | https://shizune.co/investors/profile/omar-el-hyani |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| ZSystems | ZSystems is a transformative super app designed to redefine B2B trade. | $1.7M | Seed | Apr 05, 2026 |  |
| CleanMob | CleanMob is a Car Greetech B2B, whose mission is to decarbonize and optimize corporate vehicle fleets.Its proprietary technology combining AI algorithms, modeling and simulation, with data from smartphone sensors and connected vehicles, frees users from the need to install a telematics box, thus facilitating large-scale deployment for vehiclefleet managers. | $1.4M | Seed | Apr 01, 2025 |  |
| ZSystems | ZSystems is a transformative super app designed to redefine B2B trade. | $1.5M | Seed | Dec 12, 2024 |  |
| Upfund | Upfund is a real estate company that provides reliable data on office, retail, and business premises. Upfund is a digital solution designed to respond to most commercial real estate business issues. They develop tools perfectly adapted to clients' requests in a remarkable time. Founded in 2022 and is located in Paris, France. | $1.4M | Seed | Nov 21, 2024 |  |
| Logidoo | Logidoo is a digital logistics marketplace-designed company that markets shuttles through smart logistics. The company's platform, which provides rapid, dependable, secure, and economical logistics, allows users to compare offers for sending and receiving items and to track parcels in real-time. | $1.6M | Seed | Feb 10, 2024 |  |
| Cypherleak | Cypherleak is an automated cyber risk monitoring and scoring solution that uses an organisation's domain name only to map their risk exposure across leaked passwords, attack surface, vulnerabilities and dark web data leakage. Additionally, Cypherleak supports global insurances by powering their cyber insurance products with reliable andaccurate cyber risk modeling and monitoring. |  | Seed | Sep 25, 2023 |  |
| 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. | $1.3M | Seed | Jul 06, 2023 |  |
| Aza Petrosolutions | Aza Petrosolutions provides services, solutions, and superior software and hardware for fuel management. | $306K | Pre-Seed | Jul 11, 2022 |  |
| Aza Petrosolutions | Aza Petrosolutions provides services, solutions, and superior software and hardware for fuel management. | $295.8K | Seed | Jul 08, 2022 |  |
| 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. | $447K | Seed | Jul 07, 2021 |  |

10 of 32 investments shown.

## Co-investors
- [Kalys Ventures](https://shizune.co/investors/profile/kalys-ventures) — VC Fund, 3 deals together
- [212 Founders](https://shizune.co/investors/profile/212-founders) — VC Fund, 2 deals together
- [CDG Invest](https://shizune.co/investors/profile/cdg-invest) — VC Fund, 2 deals together
- [Witamax](https://shizune.co/investors/profile/witamax-one) — VC Fund, 2 deals together
- [216 Capital](https://shizune.co/investors/profile/216-capital) — VC Fund, 1 deal together
- [Azur Innovation Fund](https://shizune.co/investors/profile/azur-innovation-fund) — VC Fund, 1 deal together

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## FAQ

### What does MNF Ventures invest in?

MNF Ventures invests primarily in Online Portals, FinTech and Enterprise Software startups, most often at Seed and Series A stage. Most of the 32 investments tracked by Shizune back companies in Morocco. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is MNF Ventures's check size?

MNF Ventures typically joins rounds of $200k–$1.6M at Seed and $250k–$700k at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds MNF Ventures participates in.

### How do I contact MNF Ventures?

Public channels for MNF Ventures 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 MNF Ventures?

The team at MNF Ventures includes Dounia Boumehdi (Managing Director) and Omar El Hyani (Investment Director). 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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