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Azur Innovation Fund

117 Avenue Hassan II, Blue Park Tower, 11th floor, Casablanca, Grand Casablanca, 20370, Morocco

Overview

Azur Innovation Fund is a public-private seed fund that provides capital and quasi-equity funding to innovative start-ups.

Total investments
10
Lead investments
7
Investments · 12mo
3
Active investors
2
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Investment portfolio

  • GoSwap

    Led · Seed · Mar 2026

    GoSwap operates an automated battery swapping network for electric scooters, selling scooters without batteries and offering pay-as-you-go swaps that take under 10 seconds. The startup runs 20 swap stations across CashPlus stores and Petrom and Shell stations and claims users can save up to 60% versus combustion bikes while cutting emissions by a similar margin. Founded by Hamza Slimani and based in Casablanca, GoSwap is positioning itself in Africa's growing two-wheeler electrification market. The company plans to expand its network into cities such as Marrakech and to make its service compatible with more electric motorcycle models. Financially, GoSwap has just completed its first funding round led by Azur Innovation Fund and is targeting over MAD 20 million (≈USD 2 million) in this raise. The funds are intended to support network expansion and product compatibility upgrades.

  • Weego

    Led · Equity · Mar 2026

    Weego develops a smart mobility application that integrates Morocco’s fragmented transportation options—such as buses, taxis, and shuttles—into a single digital platform. Through the app, riders can book and track services in real time, while enterprises gain tools to manage employee transportation, cut costs, and reduce delays. The company positions itself as an urban mobility coordinator, using a digital infrastructure to improve network efficiency and alleviate traffic congestion in major cities like Casablanca. With fresh capital, Weego plans to deepen its presence in additional Moroccan cities, fortify its operational infrastructure, and prepare for broader expansion across African markets and eventually the wider Middle East and Africa region. The platform specifically targets rising congestion challenges that hamper productivity across the continent. Although no user or revenue figures were disclosed, the company recently secured $1.1 million to fund these initiatives, underscoring investor confidence in its growth trajectory.

  • Enakl

    Participated · Seed · Jan 2026

    Founded in 2022 by Samir Bennani and Charles Pommarède, Enakl builds and runs intelligent shared mobility services that combine software and fleet operations to create dynamic, demand-responsive transport networks. Its proprietary platform allows companies, public bodies and commuters to plan, deploy and manage pooled routes in real time, aiming to reduce congestion and carbon emissions while widening job accessibility. After 18 months of R&D, the system is now live and reportedly "widely adopted," and in 2025 the company secured a pilot public contract with the Casablanca–Settat Region, validating its model. The firm is now preparing to launch a SaaS version of its technology, expand commercial teams and test new ride-pooling fleet formats. Proceeds from its recent seed financing will accelerate these initiatives and support broader rollout across Morocco and beyond. No revenue or user figures were disclosed, but investors cite the first public-sector win and rapid product deployment as evidence of traction.

  • ORA Technologies

    Led · Series A · Aug 2025

    ORA Technologies launched in 2023 as a Moroccan consumer technology startup positioned as a super app. Since inception it has raised nearly $12 million in total funding, including a Series A now totaling $10 million after a $2 million extension. The extension round was led by Azur Innovation Management Fund with participation from Moroccan private investors. The company is noted as one of Morocco’s better-funded consumer tech startups. No public details on revenue, users, product roadmap, or valuation were disclosed in the reporting.

  • Tookeez

    Led · Equity · Mar 2024

    tookeez is a blockchain loyalty program provider focused on solving inefficiencies in traditional loyalty schemes. It provides a digital wallet that enables seamless conversion and redemption of loyalty points within networks of brands and retailers to deliver customer rewards. The company announced completion of a new financing round totaling $1.5 million. That financing was described as a strategic investment. Moroccan investment institution Azur Innovation Fund participated in the round. The company did not disclose a valuation for this financing; the report cites IT桔子 as the source.

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