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    HomeEcosystem NewsNORTHERN AFRICA$500K Up for Grabs: Moroccan Diaspora’s MFounders Targets High-Potential Startups

    $500K Up for Grabs: Moroccan Diaspora’s MFounders Targets High-Potential Startups

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     MFounders, a groundbreaking investment club comprised of accomplished Moroccan entrepreneurs from the diaspora, has officially launched. This initiative seeks to inject capital, expertise, and networks into the Moroccan entrepreneurial ecosystem, with the ultimate goal of propelling local startups into the international arena.

    The brainchild of 14 Moroccan founders, including prominent figures like Ilan Benhaim, co-founder of Veepee, and Karim Amor, President of CGEM’s Moroccans of the World Commission, MFounders is uniquely positioned to bridge the gap between early-stage startups and larger investment funds.

    “Our aim at MFounders is to elevate Morocco on the global stage by supporting our startups and leveraging the expertise and networks of our diaspora business angels,” said Benhaim, President of MFounders.

    MFounders’ mission is to identify and invest in high-potential Moroccan startups with international prospects. By mobilizing seasoned investors from around the globe, the club intends to guide selected startups towards securing significant funding rounds within two years.

    Ilan Benhaim, President of MFounders and co-founder of Veepee (formerly vente-privee.com). Credits: Anas Zaidaoui/LNT

    The club will focus on startups requiring initial funding between $50,000 and $500,000, addressing a critical need in the funding landscape for early-stage ventures.

    “MFounders is more than an investment club; it’s a commitment to the future of Moroccan innovation,” stated Amor. “By connecting our startups with experienced investors and business leaders from the diaspora, we’re creating a powerful support system that can drive economic growth.”

    The launch of MFounders marks a significant milestone for the Moroccan entrepreneurial ecosystem. The initiative is poised to make a substantial impact on the growth and internationalization of Moroccan startups, fostering a culture of collaboration and support to drive the next wave of innovation towards global success.

    In the coming years, MFounders aims to build a diverse portfolio of successful investments, showcasing the potential of Moroccan entrepreneurship on the world stage.

    Moroccan startups are enjoined to submit their decks here.

    Charles Rapulu Udoh has carved a niche at the forefront of Africa’s booming tech scene. With years of experience, Udoh has become a go-to expert for multi-million dollar deals in venture capital, private equity, and intellectual property across a vast landscape — from Delaware and New York to Singapore and South Africa. But his expertise extends beyond just the legalese. Udoh is also a corporate governance, data privacy, and tax whiz. An award-winning writer and researcher, he’s passionate about chronicling Africa’s startup story, cementing his position as a true pioneer in the field.

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