Outlierz, a Moroccan based investment firm, has launched a new seed fund dedicated to provide smart capital to startups in Africa.

The firm eyes tremendous opportunities at the intersection of Technology, Entrepreneurship and African economies.

Outlierz said that there is talent, but not enough money and appropriate resources to grow scalable startups from emerging ecosystems.

The fund will invest $20-50K in “past-idea stage startups with a viable prototype and a dream team”.

In addition, it will look at $50-200K as follow-on investment or participate in Seed round / Series A of growing companies with traction and revenue.

Kenza Lahlou, Founder and MD of Outlierz, said: “We started from a simple yet striking conclusion: too many startups fail at the pre-seed and seed stages because of a lack of appropriate resources. We intend to change that by providing smart capital to the continent’s most promising companies.”

In addition to providing capital, the fund will provide hands-on advice, resources and access to its global network of world-class mentors and investors.

Outlierz stated that its goal is to take startups “to the next round of funding”.

“The target outcome will be a stronger pool of high potential startups that are ready for subsequent investment and, in the end, lead to success stories that are uniquely African,” Lahlou said. 

Outlierz is backed by entrepreneurs and angel investors, including CEO of YCombinator, Michael Seibel, 500startups MENA partner, Hassan Haider, as well as tech entrepreneurs from Africa and Morocco.