Outlierz is the new vehicle dedicated to African startups launched in Morocco. This fund aims to “generate startups with high growth potential, facilitate their collaboration with large groups and support them until their next fundraising with local and international VCs (Venture Capital, venture capital investors, editor’s note) »Underlines the structure in a press release.
“(…) Many entrepreneurs start their project but still too few go beyond the crucial phase of the“ valley of death ”to become startups with high potential that attract investors (…) because of a lack of access resources ”, explained Kenza Lahlou, founder and director of Outlierz, also on the initiative of StartupYourLife, a key player in the Moroccan ecosystem.
The fund plans to invest tickets of 500,000 to 2 million dirhams, or 46,000 and 187,000 euros, in start-ups “at the ‘pre-seed’ stage, that is to say with a prototype and the first customers ”, as well as in startups“ at the ‘seed’ stage, that is to say those which have a product on the market and turnover ”specifies the text.
The selected companies will also benefit from the expertise of a network of renowned entrepreneurs including Michael Seidel, CEO of YCombinator, a renowned start-up accelerator based in Silicone valley which has had Airbnb and Dropbox in its portfolio.
The structure also specifies that the submission of applications is open for startups based in Africa as well as African startups based internationally.
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