Morocco launches $37M fund to draw private capital into startups

What's the deal? Morocco has launched a $37 million Startup Catalytic FundDealroom has a profile for this one. Try Dealroom → to increase venture capital available to the country's digital startups. Managed by TAMWILCOMDealroom has a profile for this one. Try Dealroom → and launched by the Ministry of Digital Transition and Administration, the government-backed fund will invest over three years in VC funds that back Moroccan startups.

Why now? The fund became active following the publication of Decree No. 2.26.576, which authorises MAD 347 million to be deployed. It has already partnered with the Mohammed VI Investment FundDealroom has a profile for this one. Try Dealroom → and CDG.

What's the endgame? The initiative is designed to use public funding to attract private investment, particularly for digital and technology businesses. Nine additional fund managers have been shortlisted.

By the numbers: The selected funds are expected to mobilise nearly MAD 2.5 billion ($268 million) in total capital for Moroccan startups.

The signal: Morocco is betting that catalytic public money can unlock a wider pool of private venture capital, a model aimed at strengthening its startup ecosystem for the long term.

Image credit: -marika bortolami-