Cathedis, a delivery and e-logistics startup based in Morocco, raised $735K in a pre-series A funding round. The round was divided into 5 million Moroccan Dirhams (MDH) from Afrimobility, a Venture Capital from AKWA Group, and 2.5 million MDH provided by CDG Invest, for a total of 7.5 MDH.
This startup was founded in 2015 by Imad El Mansour Zekri and provides services such as same-day delivery, online or on-delivery payment, and real-time tracking of packages and deliverers, enabling customers to distribute parcels in morocco and now has over 700 active clients.
According to a press statement from Cathedis, this is the second financing since the startup was founded in 2019.
“Afrimobility was persuaded to invest in Cathedis and assist its expansion plan due to its great performance, Moroccan-made innovation, strong potential, and ambitious development strategy. Our investment in this start-up is part of our vision and philosophy of supporting new and disruptive ventures capable of tackling tomorrow’s mobility’s significant challenges,” Moulay Hafid Amrani, CEO of Afrimobility, said.
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