Morocco has cemented its position as the top startup hub in the Maghreb, according to the latest Wamda report. In 2025, 23 Moroccan startups raised $37.9 million, making the country the fourth most-funded ecosystem in the Middle East and North Africa.
Investment across the MENA region started 2026 strongly, with 42 startups raising $563 million in January. The UAE dominated in value, securing $426 million from 12 deals, while Saudi Arabia led in volume with 18 deals worth $56 million. Egypt followed with four deals totalling $22 million, and Morocco recorded two deals raising $17 million.
Fintech and proptech attracted the most funding, with $320 million and $189 million, respectively. Most capital flowed to business-to-consumer startups, which raised $471 million across 17 deals, despite a higher number of B2B transactions on the ground. Early-stage startups dominated the landscape, while female-led ventures accounted for just $300,000 of the total capital.
The 2025 report shows Morocco’s growing appeal to investors. The kingdom’s ecosystem is maturing, attracting structured projects and significant venture capital.
