Project detail - Bpifrance


Status: Approved investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Bpifrance is a limited company, partially owned by the French state, created to support the development of French companies of all sizes, from startups to large listed multinationals, through credit, equity investments, export finance and business services. Bpifrance has been active in Africa for 20+ years with the objective of contributing to the development of African economies and creating bridges between African and European business ecosystems; and, Africa is now Bpifrance’s top priority for international business development.

What is our funding objective?

The objective is to strengthen the delivery of services to Moroccan entrepreneurial support organizations (ESOs) participating in the second phase of the “Innov Invest Fund (F2I)” which is the Moroccan government program led by Tawilcom that will deploy a range of financial products for participating ESOs to ultimately help hundreds of startups over the life of F2I. FMO’s funding will work in parallel with F2I to improve overall effectiveness of building the Moroccan tech ecosystem by providing investment readiness support to ESOs funded by F2I and connecting the local ecosystem with international investors and corporates through Bpifrance’s EuroQuity platform and other resources to help scaling ventures.

Why do we fund this investment?

This project is an integral part of the Entrepreneurial Ecosystem Building Component 1(b), particularly phase 2 focusing on prioritized markets, of the FMO Ventures Program (FVP) Technical Assistance Facility funded by the European Commission and Dutch Government. The underlying principles of this approach are to empower existing actors to deliver more sustainable, long term market solutions while co-funding and collaborating with other partners where possible.

Website customer/investment
Infrastructure, Manufacturing and Services
Publication date
Effective date
Total FMO financing
EUR 0.22 MLN