Morocco-based seed investment fund, Outlierz, targets Africa’s startups

Outlierz, a new Morocco-based seed investment fund, dedicated to providing smart capital to African startups, has been launched.

According to Aptantech, the Outlierz seed fund is the culmination of three years of hard work which involved connecting entrepreneurs and building a startup community in Morocco from the ground up.Outlierz

“We started from a simple yet striking conclusion: too many startups fail at the pre-seed and seed stages because of a lack of appropriate resources. We intend to change that by providing smart capital to the continent’s most promising companies. The target outcome will be a stronger pool of high potential startups that are ready for subsequent investment and, in the end, lead to success stories that are uniquely African,” said Kenza Lahlou, founder and MD, Outlierz.

The fund is backed Michael Seibel, CEO of YCombinator and Hassan Haider, Partner MENA at 500startups, as well as some of the most successful tech entrepreneurs from the Moroccan and African diaspora such as Hicham Oudghiri, co-founder of Enigma.io, a successful big data company based in New York.

Outlierz considers pre-seed stage startups with an MVP or a prototype who demonstrate they can execute. Seed stage startups who are expanding and raising their next round of funding, whether it’s a seed or Series A round, are also eligible candidates. Before investing money, Outlierz runs a qualification phase to work closely with entrepreneurs, provide them with advice and validate their ability to execute.

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