EmergingTech Ventures Fund II, an early-stage venture capital fund focused on high-potential technology businesses in Morocco, Tunisia, Senegal, and Ivory Coast, has received a significant investment from French development finance organization Proparco.
EmTech Capital, an independent Moroccan fund management company created by Meriem Zairi, Abdelouahid Benlamlih, and Sidi Mohammed Zakraoui, manages the EmergingTech Ventures Fund II, which has a target size of US$60 million with the potential to grow to $80 million.
Its primary investments are in pre-Series A and Series Startups in high-impact industries such as deeptech, finance, digital services, e-health, edtech, agritech, and cleantech.
EmTech plans to broaden its geographic reach, with an emphasis on Tunisia, Senegal, and the Ivory Coast, as well as deepen its support for entrepreneurs with high economic, social, and environmental impact.
“This partnership with Proparco and FISEA represents a major milestone for EmTech and for the Moroccan and African technology ecosystem as a whole. The support of a leading development finance institution validates our investment thesis and strengthens our ability to back the most ambitious entrepreneurs in Francophone Africa. We are proud to build this new chapter alongside partners who share our conviction that Africa is home to a new generation of talented entrepreneurs capable of creating high-impact companies with global reach,” said Meriem Zairi Tlemçani, CEO of EmergingTech Ventures.
“We are delighted to support EmTech in launching its second fund, led by an experienced and committed local team. This partnership reflects our ambition to support the next generation of digital entrepreneurs in Francophone Africa, particularly in Morocco, a highly dynamic market, and to contribute to the development of a vibrant and inclusive technology ecosystem, in line with the many public initiatives launched by Morocco,” said Fabrice Perez, head of financial institutions and innovation division at Proparco.
