The Maroc Numeric Fund II (MNF II) announced two meetings with the Moroccan diaspora in France this week. Meetings will be held as a result of the expansion of its investment strategy to include startups formed by Moroccans all around the world, it announced in a statement.

Thus, Moroccans, co-founders of a startup in France or elsewhere are invited to these two meetings, the first of which will be held on Thursday January 26, 2023 at 10 a.m. and will be “strictly reserved for residents of Station F (Salle Bateau Mouche)” . The second meeting, on Friday, January 27, 2023, at 10 a.m. in the Maison du Maroc on avenue Jourdan in Paris, will be open to the public. Registration will be done through an online form created specifically for this purpose, according to the release.

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The fund stated in early January that it was expanding its investment approach to include startups formed outside of Morocco by Moroccans living overseas. “This expansion of MNF II’s investment strategy, approved by the Fund’s control bodies, would allow it to invest in Moroccan businesses headquartered outside of Morocco, in addition to Moroccan entrepreneurs based in Morocco. The targeted start-ups must have at least one founder of Moroccan nationality among their key individuals, as well as the construction of a subsidiary in Morocco that creates value according to criteria consistent with the invested company’s development strategy,” a statement from the company was quoted as saying. 

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

The “Maroc Numeric Fund II” (MNF II) has announced the expansion of its investment strategy to include startups founded outside of Morocco by Moroccans residing abroad. This is done in recognition of the significant role the Moroccan diaspora has played in the development of the Moroccan startup ecosystem.

This expansion of MNF II’s investment strategy, agreed by the Fund’s control bodies, will let it to invest in firms with headquarters in Morocco in addition to Moroccan startups with Moroccan bases. the unfamiliar.

The targeted start-ups must have at least one significant founder with Moroccan nationality and have established a Moroccan subsidiary that adds value in accordance with standards consistent with the investment company’s development strategy.

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MNF II was founded in 2018 and has already invested in 6 businesses, including those in the Fintech, EdTech, LegalTech, and AI sectors.

It succeeds the MNF fund, which was established in 2010 and came to an end in 2016, having invested a total of 17 times in various Moroccan technological businesses.

A Look At Morocco Numeric Fund II

Maroc Numeric Fund II (MNF II) is an institutional fund that invests in high-growth technological firms. Tamwilcom (previously Caisse Centrale de Garantie) founded the Innov Invest programme, and its owners include Tamwilcom, Attijariwafa Bank, Chaabi Capital Investissement, BMCE Bank of Africa, and MITC, the Technoparks management business.

MNF II follows the MNF fund, which was established in 2010 and reached the end of its investment phase in 2016, having made a total of 17 investments in Moroccan technological start-ups in various disciplines.

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Maroc Numeric Fund II is a Moroccan public limited company with its headquarters in Technopark Casablanca.

Maroc Numeric Fund Diaspora Maroc Numeric Fund Diaspora

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