212Founders joins STATION F for a program to accompany startups with ambitions in Morocco, Africa & Middle East

Paris, February 11, 2022 - STATION F, the world’s largest startup campus based in Paris, announced today that 212Founders, the leading entrepreneurial program in Morocco is joining STATION F to host a startup program dedicated to development in Africa. The program will offer startups strategic and operational support, mentoring,  leading resources and funding for up to 1M€ in Seed & Series A. Applications to join are open until February 28.

“We are thrilled to welcome 212Founders to STATION F. Given their track record and unique positioning, we know their program will be key for companies wishing to expand in Africa and the Middle East”, said Roxanne Varza, director of STATION F.

Launched in 2019 by the Moroccan Caisse de dépôt et de gestion, 212Founders is expanding to France and STATION F to reinforce the link between countries and make it easier and smoother for early-stage companies who want to grow their businesses in Africa and Middle East area. 

Divided into three steps the program is starting with a sourcing period open until February 28. Starting then, the six months incubation phase will enable startups to work on their go-to-market strategy and their ambition for African  and Middle East countries. They will be eligible for a Seed investment up to 700k€ at the end of this step. Lastly, companies can go through the acceleration step for 12 months with a preparation of a Series A financing round, particularly in the Middle East and Africa, thanks to a network of leading venture capital funds with which 212Founders can co-invest up to €1M. Accelerating startups also benefit from one-on-one support from entrepreneur advisors, venture partners and mentors.

“Since our inception in 2019, we have mentored more than 50 startups and invested in 10 of them in Seed or Series A. Expanding  212Founders internationally at STATION F campus will allow Innovative European startups to take advantage of Morocco's competitive advantages to access the African and Middle Eastern markets. Additionally, it will provide Moroccan startups the opportunity to expand globally” said Youssef Mamou, 212Founders Program Director.