CDG Invest ’s 212Founders program has just unveiled the 12 outstanding startups chosen for its sixth Winter23 campaign. The Winter23 call for projects attracted a whopping 277 applications from entrepreneurs in Morocco and Europe, according to CDG Invest’s press release.
The investment committee handpicked the 12 startups from various sectors, including Fintech, DeepTech, MedTech, Mobility, SaaS, PropTech, among others.
GroIno, Gokaden, Paramedic, Retco, BlueDove, Deepleaf, PopCard, Matricis.ai, Tinkiet, Exwayz, Entroview, and Qaal were the 12 selected startups, and you can get more details about them on the “STARTUP” section of the website “www.212founders.co.”
The incubated startups are either based in Africa and Europe or founded by Moroccans who aspire to expand their businesses in Africa and the Middle East, leveraging Morocco’s strategic advantages to grow in the region. The startups based in France will join the world’s largest startup campus, Station F.
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The Winter23 promotion will offer a tailor-made support and financing program that meets international standards. The startups will receive support from experienced entrepreneurs and mentors, along with funding of up to 7M MAD in Seed and up to 10M MAD in Series A. This program aims to help the startups overcome various development issues, whether in Morocco or internationally.
Since its inception in 2019, 212Founders has raised a total of 76.3 million dirhams and secured 14 Seed and Series A financings. CDG Invest launched 212Founders to participate in creating and growing Moroccan startups with international ambitions. The program aligns with the CDG Group’s strategy of promoting entrepreneurship and scaling up the Moroccan economy.
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CDG Invest is the investment division of the Caisse de Dépôt et de Gestion Group, investing in private equity funds that address the major challenges of the Moroccan economy, such as productive diversification, regionalization, development of PPPs, entrepreneurship, and sustainable development.
212Founder CDG Invest 212Founder CDG Invest
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