Al Mada Ventures
Al Mada Ventures is a $110 million venture capital fund based in Casablanca, Morocco, investing Seed-to-Series-B equity into African technology startups on behalf of its parent conglomerate Al Mada, while providing portfolio companies access to a 27-country distribution and operating-partner ecosystem.
- Company typePrivate
- Founded2022
- HeadquartersCasablanca, Morocco
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Al Mada Ventures does
Al Mada Ventures is a $110 million venture capital fund established in 2022 and headquartered in Casablanca, Morocco. The fund is wholly owned by Al Mada, a Moroccan-royal-family-affiliated private investment conglomerate with a 100-year operating heritage and a footprint spanning 27 African countries across eight sectors — financial services, building materials, retail and distribution, telecommunications, mining, energy, real estate and tourism, and venture capital. Al Mada Ventures invests Seed-to-Series-B equity into African technology startups, with a stated focus on visionary founders scaling both continentally and globally, and it positions itself as a multi-tool partner rather than a purely financial investor.
The fund's core offering combines growth capital with operating-partner support and privileged access to Al Mada's cross-sector ecosystem, including distribution networks, infrastructure, regulatory familiarity, and customer pipelines. Reported investments include the $8M seed round in Checker (a stablecoin infrastructure company expanding across Africa and emerging markets, May 2026), the co-led $4M seed round in WafR (a Moroccan retail fintech serving approximately 20,000 active merchants, February 2026), and participation in a roughly $8M combined round backing z.systems and other Moroccan startups digitizing the hanout retail sector (April 2026). Syndicates have included Galaxy Ventures, Framework Ventures, LoftyInc Capital, Attijariwafa Ventures, UM6P Ventures, First Circle Capital, DFS Lab and Bitso.
The business model is that of a conventional venture capital fund: management fees charged on committed or deployed capital, with returns generated through equity appreciation and future exits. Revenue is not publicly disclosed, and the firm operates with a lean team of approximately seven named professionals, including Managing Director Omar Laalej (formerly co-founder and co-leader of the €110M Cathay AfricInvest Innovation Fund), CFO/COO Narjisse Belmahi, Investment Director Yassine Soual (formerly of Bpifrance Large Venture), Investment Principal Sofia Salomão (formerly of EY), Vice President Synergy and Business Development Rida Chahoud, Senior Investment Officer Renato Rossi (formerly of MEST), and Office Manager Zaineb EL Atmani. Combined with UM6P Ventures, Al Mada Ventures accounted for approximately 70% of Morocco's startup funding deployed in 2024.
Al Mada Ventures firmographics
Firmographics- Name
- Al Mada Ventures
- Legal name
- Al Mada Ventures
- Website
- https://almadaventures.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Al Mada Ventures is a $110 million venture capital fund based in Casablanca, Morocco, investing Seed-to-Series-B equity into African technology startups on behalf of its parent conglomerate Al Mada, while providing portfolio companies access to a 27-country distribution and operating-partner ecosystem.
- Ownership category
- akta.pro rank
Al Mada Ventures industry classification
Industry- Product category
- Venture Capital
- NAICS
- All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Micro-VC & Angel Funds (FSANAAAI)
Keywords
Where Al Mada Ventures is headquartered
LocationHeadquarters
- HQ city
- Casablanca
- HQ country
- Morocco
- HQ region
- Africa
Markets served
Al Mada Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Distribution channels1 record
Marketing channels2 records
Al Mada Ventures product offering
Product offeringCore offering
Al Mada Ventures is a $110 million venture capital fund that invests seed to Series B equity capital in scalable African technology startups. The fund provides portfolio companies with capital alongside access to the broader Al Mada ecosystem spanning financial services, retail, telecommunications, mining, energy, and distribution networks across 27 African countries.
Product overview
Al Mada Ventures is a $110 million Venture Capital fund focused on investing in seed to Series B stage companies across Africa. The fund does not offer a standalone product or service to customers; rather, it provides capital and strategic partnership to portfolio companies developing technologies in sectors including fintech, retail digitization, and digital asset infrastructure.
Differentiator
Problem solved
Functional benefit
Products and services
- Al Mada Ventures $110M Venture Capital Fund
Companies that use Al Mada Ventures
Customer profileSegments1 record
Ideal customer profiles1 record
Al Mada Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Al Mada Ventures partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights5 records
Al Mada Ventures competitors and assessment
Company assessmentDirect peers
- UM6P Ventures: University Mohammed VI Polytechnic's venture arm; together with Al Mada Ventures it deployed ~70% of Morocco's 2024 startup funding, making it the closest comparable in geography, stage and mandate.
- Cathay AfricInvest Innovation Fund: A €110M pan-African innovation fund co-led by Al Mada Ventures' Managing Director before he founded Al Mada Ventures; near-identical fund size, stage focus and African mandate.
- Attijariwafa Ventures: Venture arm of Morocco's largest bank and direct co-lead on WafR's $4M round alongside Al Mada Ventures; comparable Moroccan fintech/early-stage thesis with strong institutional backing.
- LoftyInc Capital: Pan-African VC firm that co-led WafR's seed round with Al Mada Ventures; focuses on late-seed/Series A African startups, sharing mandate and stage overlap.
- First Circle Capital: Early-stage African VC that participated in WafR's round with Al Mada Ventures; directly comparable by mandate and stage across African markets.
- DFS Lab: Emerging-market fintech investor that co-invested in Checker alongside Al Mada Ventures; comparable fintech/infrastructure thesis across Africa and other emerging markets.
Emerging players
- Galaxy Ventures: Crypto-native venture fund that co-led Checker's $8M seed with Al Mada Ventures; partial overlap on digital-asset infrastructure exposure but broader crypto mandate.
- Framework Ventures: Crypto-focused investment firm co-investing with Al Mada Ventures in Checker; comparable on blockchain infrastructure exposure but global rather than Africa-only.
- MEST (Meltwater Entrepreneurial School of Technology): Pan-African early-stage fund/incubator where Al Mada's Senior Investment Officer previously worked; overlapping African early-stage mandate and founder-development model.
Broad incumbents
- Helios Investment Partners: One of the largest Africa-focused private investment firms; broader PE mandate with some VC exposure, comparable as a large-scale African investment platform with operating-partner support.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Al Mada Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Al Mada Ventures leadership team
Management profileNumber of profiles
Profiles7 records
Al Mada Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Al Mada Ventures M&A and investment
M&A and investmentM&A
Investments11 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Al Mada Ventures
What does Al Mada Ventures do?
Al Mada Ventures is a $110 million venture capital fund that invests seed to Series B equity capital in scalable African technology startups. The fund provides portfolio companies with capital alongside access to the broader Al Mada ecosystem spanning financial services, retail, telecommunications, mining, energy, and distribution networks across 27 African countries.
Is Al Mada Ventures a public or private company?
Al Mada Ventures is a private company. It is classified as corporate owned and is currently operating.
When was Al Mada Ventures founded?
Al Mada Ventures was founded in 2022. It employs 1 to 10 people.
Where is Al Mada Ventures based?
Al Mada Ventures is headquartered in Casablanca, Morocco, in the Africa region.
Who are Al Mada Ventures's main competitors?
Direct peers on record are UM6P Ventures, Cathay AfricInvest Innovation Fund, Attijariwafa Ventures, LoftyInc Capital, First Circle Capital and DFS Lab. Emerging players are Galaxy Ventures, Framework Ventures and MEST (Meltwater Entrepreneurial School of Technology). Helios Investment Partners is listed as a broad incumbent.
Does Al Mada Ventures have an API?
No public API is recorded for Al Mada Ventures.
What industry is Al Mada Ventures in?
Al Mada Ventures's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAI, Micro-VC & Angel Funds. Its NAICS code is 52399 and its SIC code is 6282.