SEAF Morocco Growth Fund (SMGF)

SEAF Morocco Growth Fund (SMGF) invests in seed to early-stage innovative companies with high growth potential in Morocco and internationally. SMGF closed its first financing round at the end of 2017 with 180 million MAD (approximately USD 18 million) to invest in equity and quasi-equity. The fund is part of the Innov Invest program managed by the Moroccan Caisse Centrale de Garantie (CCG) and financed by the World Bank to promote entrepreneurship and inclusive economic growth in Morocco. SMGF is managed by SEAF Morocco Capital Partners, a management company approved by the Moroccan Market Authority (AMMC). It is the Moroccan subsidiary of SEAF.