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Witamax functions as a private-backed venture capital fund, strategically deploying early-stage capital into high-growth startups in Morocco. The firm focuses on pre-seed and seed funding, typically investing $200,000 to $400,000 to foster innovation in diverse sectors. It constructs a robust portfolio by identifying and nurturing promising ventures for scalable growth and market impact.
The fund was established collaboratively by Southbridge A&I and AXXAM Family Office, operating as SoAx ventures, backed by Wita Ventures GP. Its formation stemmed from recognizing Morocco’s entrepreneurial potential and the critical need for structured early-stage capital. This initiative leverages experienced entrepreneurs to strategically support nascent businesses.
Witamax serves innovative Moroccan startups in sectors like fintech and logistics, providing essential initial investment and strategic guidance. Its core vision is to cultivate a vibrant, resilient startup ecosystem in Morocco. By empowering local founders and fostering technological advancement, Witamax aims to drive sustainable economic growth and market expansion.
Witamax has 2 tracked investments across 2 companies. The latest tracked deal is $2.3M Seed in Enakl in January 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 28, 2026 | Enakl | $2.3M Seed | — | Adnane Filali, Catalyst Fund, Digital Africa, Ilan Benhaim |
| Oct 28, 2024 | Colis.ma | $300K Pre-Seed | Witamax | — |