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First Circle Capital

Casablanca, Casablanca-Settat, Morocco

Overview

Venture capital investment firm.

Founded

2021

Deals · 12mo

1

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

Morocco
Nigeria
South Africa

Sector focus

—

Investment portfolio

5rounds
NAMEDATESIZE
WafR
Feb 2026Participated
$4 MSeed
TurnStay
Aug 2025Led
$2 MSeed
Orca Fraud
May 2024Participated
$0.55 MSeed
gamp
Jul 2023Participated
$0.65 MSeed
Credpal
Mar 2022Participated
$15 MOther Equity
WafR
Feb 2026Participated
$4 MSeed
TurnStay
Aug 2025Led
$2 MSeed
Orca Fraud
May 2024Participated
$0.55 MSeed
gamp
Jul 2023Participated
$0.65 MSeed
Credpal
Mar 2022Participated
$15 MOther Equity
5
Items
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Insights

Time horizon

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Deal Distribution

First Circle Capital: 5 funding rounds are recorded in the selected participation categories.All available history.
First Circle Capital: 5 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed13
Other Equity01

Monthly Deal Activity

First Circle Capital: 5 deals are recorded across 56 months.All available history.
First Circle Capital: 5 deals are recorded across 56 months. All available history
MonthDeals
Mar '221
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

First Circle Capital: Fintech is the largest displayed sector by deal count (4 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

First Circle Capital: Fintech is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
Fintech4
E-Commerce & Retail2
Professional Services2
Travel & Hospitality1
Enterprise Software1
Cybersecurity & Privacy1
Food & Agriculture1
Data, Analytics & IT1

Deal Size Distribution

First Circle Capital: 5 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

First Circle Capital: 5 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M0
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

First Circle Capital: Nigeria has the largest recorded deal count among the displayed regions (2 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

First Circle Capital: Nigeria has the largest recorded deal count among the displayed regions (2 deals). All available history
RegionDeals
Nigeria2
South Africa2
Morocco1
First Circle Capital: 18 co-investors are shown, with Attijariwafa Ventures sharing 1 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

First Circle Capital: 18 co-investors are shown, with Attijariwafa Ventures sharing 1 recorded deals. All available history
Co-investorShared deals
Attijariwafa Ventures1
CV VC1
Enza Capital1
Equitable Ventures1
Future Africa1
Greenhouse Capital1
Incisive Ventures1
Ingressive Capital1
Kaleo Ventures1
Kara Ventures1
LoftyInc Capital1
LongCommerce1
MADA VC1
Musha Ventures1
Norrsken221
TLcom Capital1
UM6P Ventures1
Uncovered Fund1

Investment Strategy

First Circle Capital: Led accounts for 20% and participating for 80% of round participation.All available history.
First Circle Capital: Led accounts for 20% and participating for 80% of round participation. All available history
CategoryDeals (count)Share (%)
Led120%
Participating480%
First Circle Capital: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
First Circle Capital: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1100%
Co-led00%

Team

No team members found for this fund.