Industry Newsroom

MITC Capital Exits Ma-Navette to Glen Invest

Morocco-focused venture capital fund manager MITC Capital has sold its stake in on-demand transportation services provider Ma-Navette to Glen Invest, a Morocco-focused investment holding company. MITC originally invested in Ma-Navette, which manages a fleet of 130 vehicles in Morocco, in 2015 through Maroc Numeric Fund. Financial details of the transaction were not disclosed.