MNF Angels are aiming to make investments from 1 to 8 million dirhams ($100,000 to $800,000) in Moroccan startups.
The fund includes around ten investors and startups from the ICT, green tech or biotech sectors, will be selected each month to pitch for investment.
The fund will bring technical assistance to angels, mostly on finance, strategy, and legal aspects.
MNF, a public/private initiative, was created in 2010
Also, a group of Moroccan entrepreneurs recently unveiled Outlierz, a seed investment firm that aims provide capital to African startups. The initiative is backed by US and African serial entrepreneurs and angel investors. The firm aims to invest at pre-seed and seed stage, with the ticket size ranging between $50,000 and $200,000.
Outlierz will invest in pre-seed stage startups with a minimum viable product (MVP).
Besides money, Outlierz will also provide mentorship to entrepreneurs through its network.