THE2024

MOROCCOSTARTUPECOSYSTEMREPORT

An economic intelligence review designed to provide high-value insights into the Moroccan ecosystem dynamics: startups, investments, emergent sectors, technological trends.

Welcome to the inaugural edition of UM6P's Morocco Startup Ecosystem Report. This first edition is an initiative that provides access to structured and reliable data essential to understanding and anticipating the evolution of our ecosystem.

Key Figures 2024

Morocco's startup ecosystem highlights

raised by Moroccan startups

nearly 3x 2023 funding

deals closed

across 9 sectors

of total capital went to TravelTech

led by Nuitée's $48M Series A

of all funding captured

by just 3 startups

in Africa for total startup funding

Morocco's continental ranking

of deal volume in DeepTech

driven by specialized funds

notable exits in 3 years

highlighting a missing exit pipeline

of funding concentrated

in Casablanca

In collaboration with

KEY FIGURES

2024 Highlights

Discover the remarkable growth and achievements of Morocco's startup ecosystem

raised by Moroccan startups

nearly 3x 2023 funding

deals closed

across 9 sectors

of total capital went to TravelTech

led by Nuitée's $48M Series A

of all funding captured

by just 3 startups

in Africa for total startup funding

Morocco's continental ranking

of deal volume in DeepTech

driven by specialized funds

notable exits in 3 years

highlighting a missing exit pipeline

of funding concentrated

in Casablanca

REPORT CONTENTS

Inside This Report

Discover several in-depth sections

Morocco's Startup Funding in 2024

Resilience in a Shrinking Landscape

Exits in Morocco

Inside Morocco's Tech M&A and IPO Operations

Morocco's VC Evolution

Early-Stage Focus and Future Prospects

Global Investment Hotspot

Why Morocco Is Becoming a Hotspot for Global Startup Investment

The Moroccan Diaspora

A Strategic Engine for Entrepreneurial Prowess

Africa's Tech Unicorns

A New Era of Digital Disruption and Market Expansion

Morocco's Soonicorns

Inside the Race to Build North Africa's First Tech Unicorn

FEATURED REPORT

The 2024 Morocco Startup Ecosystem Report

The report adopts a multi-layered research framework to provide a balanced, reliable view of Morocco's startup ecosystem. Curated with inclusivity at its core, the insights shared aim to extend their impact well beyond the boundaries of our institution.

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AgriTech and FinTech among most dynamic emerging verticals

Women-led startups still underrepresented despite growing momentum

Multi-layered research framework for balanced insights

Strategic insights for investors, founders, and policymakers

Join Us in Shaping the Future

We invite you to explore these insights, learn from the stories, and ultimately join us in putting the Moroccan ecosystem on the global map.

PARTNERS

Acknowledgement

to the Moroccan investors who contributed to this report

Special thanks to our partners and contributors who made this comprehensive analysis possible.