The Witamax 1 investment fund has already made its sixth investment three years after its founding, and it has no plans to stop there.
A number of well-known Moroccan businesspeople founded the Witamax 1 Investment Fund, which is still actively involved in investment projects. Sources close to this structure controlled by Soax Partners, an organisation also run by Hiba Marni and Omar Lemrabet, a former consultant and ex-private respectively who returned to Morocco a few years ago, claim that it is even in the midst of making his sixth equity investment in another business.
It must be acknowledged that the startup industry in Morocco is flourishing, with many entrepreneurs raising tens of millions of dirhams in recent years, sometimes with the help of VC funds (which promote startups) like Azur Innovation, which have invested more than 150 million DH in a short period of time.
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Take into account that Witamax 1, which is supported by Southbridge A&I and Axxam Family Office, has already invested in a wide range of industries and businesses, including Kounta, Data Pathology, and lacaisse.ma, designers of smart cash registers (digitized management of supplier expenses).
Investors in Witamax 1 include Ghita Lahlou, the director of the Ecole centrale of Casablanca, Youssef Moamah, the leader of the CMGP company, Karim Bernoussi, the founder and current CEO of the Intelcia group, Farid Bennis, and Abderrahmane Badaa (shareholder and manager of the Novatis group).
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh