Tech in Africa
Outlierz Ventures, a Moroccan investment fund has completed 8 investments into Africa since its launch in 2017. The operations are mainly fixated on Kenya, Egypt, Morocco, and Nigeria markets. This company is fully dedicated to investing in technology and has further invested MAD 500,000 and 5 million into companies that exhibit high growth potentials. Targeted areas are logistics, health, and financial services sectors.
This year, the VC fund has carried out three main equity investments, most in Nigeria, and is preparing 5 more before the end of the year. Outlierz Ventures gets its funding from American and African investors.
Kenza Lahlou is the co-founder of Outlierz Ventures. In a statement, he detailed the Covid-19 crisis as boosting companies fixated on digital services in improving their businesses. Most companies are adjusting the digital segment of operations to remain competitive and adhere to a market where customer mobility has been curtailed. The fund mainly invests in tech companies targeting sectors that offer innovative approaches to agritech, fintech, healthtech, insurtech, and B2B marketplaces.
Outlierz Ventures mainly targets early-stage startups that contribute to the sectors of Africa’s key industries of finance, supply chain, and healthcare. The VC fund invests in startups across Morocco, Nigeria, Kenya, and Egypt.
Investments
Covid-19 is focussed on the following industries; YouVerify, a Nigerian startup that automates and digitizes KYC, Bamboo, a Nigerian mobile app that helps investors put their money in the US stock exchange, and Healthlane a healthtech running across Cameroon and Nigeria.
