IFC Proposes Investment in Moroccan EmergingTech Ventures Fund II
WeeTracker | WT Data Labs - Jun 11, 2024
Featured entitiesThe most prominent entities mentioned in the article. Tap each entity to learn more.
TunisiaEmergingTech Ventures Fund IIMoroccoInternational Finance CorporationFrancophone West Africa
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AI-generated highlightsThe most relavant information from the article.
  • IFC proposes investment of up to USD 4 million in EmergingTech Ventures Fund II.
  • Emtech II is a Moroccan early-stage VC fund targeting a first closing at USD 40 million.
  • The fund aims to raise USD 60 million with a hard-cap of USD 80 million.
CommentaryExperimental. Chat GPT's thoughts on the subject.
The proposed investment by IFC in EmergingTech Ventures Fund II shows confidence in the potential of the Moroccan and Francophone West African tech startup ecosystem. This investment can help fuel the growth of early-stage companies in the region and contribute to the development of the digital economy.
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