The funds will support SPMS’s expansion strategy, enabling the company to triple its cultivated land and accelerate its growth.

SPMS, founded by agronomists Samir Jbali and Samir Belhouari, has been a key player in Morocco’s agricultural sector since its inception.

Originally specializing in cherry tomato production in 1992, the company expanded into red fruits, including raspberries, blueberries, and blackberries, in 2014 through a partnership with Driscoll’s, a global leader in fresh berries.

Headquartered in Agadir, Morocco, SPMS currently operates across 101 hectares and employs over 2,000 workers, most of whom are trained in modern agricultural practices.

With Vantage Capital’s investment, SPMS plans to scale its operations to over 300 hectares.

“We are excited to have Vantage Capital’s support as we pursue our long-term growth strategy,” said Samir Jbali, CEO of SPMS. “This investment is a key milestone that will enable us to strengthen our market presence.”

Luc Albinski, Executive Chairman of Vantage Capital, expressed enthusiasm for the partnership.

“We are proud to support SPMS in this next phase of growth. The agricultural sector in Morocco is thriving, and SPMS has shown exceptional leadership in the industry.”

This marks Vantage Capital’s fourth investment in Morocco, with the firm being supported by Clifford Chance for legal counsel, Deloitte for financial and tax advice, and Ibis Consulting for environmental review.

The investment represents a significant boost for the agricultural sector in Morocco, with SPMS poised for further growth in the years to come.