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.
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.
