The Venture Codex Logo

The Venture Codex

MNF Ventures

Technopark, Route de Nouacer, Casablanca, 20150, Morocco

Overview

MNF Ventures is a venture capital fund based in Morocco, investing in Seed, Pre-Series A and Series A startups. Tickets size can go up to USD 1M. We invest in tech startups operating in Fintech/Insurtech, EdTech, Regtech, HealthTech, Biotech, EnergyTech Cybersecurity, SaaS... Startups have either to be based in Morocco, or be based worldwide if at least one of the founders is a Moroccan citizen. MNF Ventures manages Maroc Numeric Fund and Maroc Numeric Fund II.

Total investments
2
Lead investments
0
Investments · 12mo
2
Active investors
2
Visit website

Investment portfolio

  • Zsystems

    Participated · Seed · Apr 2026

    Zsystems operates a software and field-layer platform that sits on top of Morocco’s largest digitized retailer network, allowing brands to control products, prices, margins and promotions and instantly reach thousands of retailers. The company says it is not a buyer, reseller, or traditional distributor; instead it enables any company with a digital product or service to plug in via one integration to access the full network. Zsystems argues the model creates compounding network effects—each new brand attracts more retailers and each new retailer attracts more brands. The founders highlight that the business is CM3 positive (stated as a fact) and frame the opportunity as much larger than Morocco, citing a $40B domestic market and a $3T informal retail market across Africa. The company describes the model as duplicable across verticals where inventory moves through fragmented networks and characterizes the recent fundraise as the start of its next chapter.

  • CleanMob

    Participated · Seed · Feb 2026

    Founded in 2021 by Moroccan brothers Salah and Khalil El Hajji, CleanMob has built a 100 % software fleet-management platform that fuses signal processing, predictive AI, and physical-law modeling to create virtual sensors for vehicles. The system ingests data from 25 major car brands and can even turn non-connected vehicles into data sources via smartphone sensors, allowing deployment in under 72 hours with no hardware installation. Fleet operators use the platform to track energy consumption, schedule preventive maintenance, quantify CO2 emissions, and plan electrification strategies. Early enterprise customers include Engie Home Services and Asten Santé, demonstrating commercial validation. The company has been selected for Station F’s Future 40 and the MoveLab accelerator (Batch 13, 2025). With the new capital, CleanMob aims to expand R&D and target mid-sized to large companies, with an objective of connecting 50,000 vehicles by 2027. To date the startup has secured €1.3 million in seed funding, its first external round.

Team