Key Insights
The Moroccan startup ecosystem in numbers — funding raised, deal activity, sector spread, and stage distribution from the latest edition of the report.
Key Insights
The 2025 numbers that tell the story: record funding, a broader deal base, and a maturing founder class.
$108.44M
+14%raised by Moroccan startups
An all-time record, up from $94.96M in 2024.
48
+20%deals closed
Up from 40 in 2024.
32.68%
of total capital went to fintech
$35.44M across 9 rounds, now first by capital and by deal count.
33.66%
−31ptof funding captured by the top 3 rounds
Down from 64.70% in 2024. The top five accounted for 46.11%.
75.12%
of capital concentrated in Casablanca
28 of 48 rounds. Rabat ranks second with 7.71% of capital and 14.58% of deals.
7
Pre-Series A rounds in 2025
Up from just 2 in 2024, representing $20.82M raised.
3
startup acquisitions in 2025
ORA and Cathedis, Logidoo and Kamtar, plus one confidential fintech deal.
67.92%
of funding involved an international investor
Across 56.25% of transactions. Renew Capital opened its North and West Africa headquarters in Casablanca.
05 / Stage Ladder
A coherent funding staircase has emerged
Median ticket size by stage (USD M)
■ Median ticket size (USD M)
06 / Sector Spread
Fintech leads the 2025 funding mix
Share of 2025 total funding by sector (%)
■ Share of 2025 total funding
07 / Market Depth
Capital is spreading: the top 3 rounds fell from 64.70% to 33.66%
Share of total funding captured by the top 3 rounds
33.66%
Top 3 · 2025
Capital is no longer driven by one or two outliers.
08 / Forward Outlook
Digital Morocco 2030: quantified national targets
2026 and 2030 national targets
Labeled startups
1,000 → 3,000
Fundraising
MAD 2B → MAD 7B