Al Mada Ventures is stepping up its investments in African startups. The Al Mada Holding Group subsidiary recently strengthened its presence by participating in a $30 million fundraiser for Gozem, the Togolese startup specializing in mobility and delivery in Central and West Africa, alongside MSC Mediterranean Shipping Company

Al Mada Ventures plans to support up to 20 companies, with investments ranging from 500,000 to 1 million dollars for early-stage startups and from 2 to 6 million dollars for series A and B. The fund can be extended Also devote up to 8 to 10 million dollars for follow-up investments in its successful businesses. According to the subsidiary of Al Mada Holding Group, “at Al Mada Ventures, we invest in companies that define their category and that are reshaping industries across Africa. That is why we are delighted to support Gozem, the first super application in French-speaking Africa...” According to him, the evolution of Gozem, from a simple motorcycle taxi service to a multi-service digital platform,

Par ailleurs, contratirement to numerous venture capital funds in Africa that rely on foreign funding, Al Mada Ventures takes a different approach by exclusively mobilizing African capital. This strategy aims to strengthen the financial autonomy of startups on the continent and to stimulate sustainable and local growth.