After a first fundraising in 2020, Cathedis is back on track and has successfully raised a second round from Afrimobility for an amount of $494,547 (5 million dirhams), and $247, 274 (2.5 million dirhams) from CDG Invest.
The Moroccan startup of logistics, Cathedis, has succeeded in raising a second round of funding from two investment vehicles, for a total amount of 7.5 million dirhams. Indeed, the startup, founded in 2019 and specializing in delivery and e-logistics, had landed, in 2020, a first financing of $296,728 (3 million dirhams) via the 212 Founders program of CDG Invest. Today, it raises $494,547 (5 million dirhams) from Afrimobility, a Venture Capital of AKWA Group, and $247, 274 (2.5 million dirhams) from CDG Invest.
Read more about Cathedis and find the most important economic news from around the world with the Born2Invets mobile app. Our companion app brings you the most important news from around the world so you can stay on top of the market.
As part of its development plan, Cathedis has a strategic focus on small e-retailers
Founded by Imad Mansour Zekri, Cathedis’ platform offers cloud-based warehousing and delivery solutions to local e-commerce stores. “The renewed confidence of our historical investor and partner CDG Invest and the entry of the prestigious Afrimobility fund will allow Cathedis to consolidate its performance, develop its innovation platform, and accelerate its growth,” said Imad El Mansour Zekri, founder and CEO of Cathedis.
Thus, this fundraising represents a “decisive turning point that Cathedis approaches with enthusiasm and determination”, explains the startup, especially since it has recorded a growth of 300% in just three years (between 2020 and 2022). As of today, Cathedis has a portfolio of more than 700 active customers.
As part of its development plan, Cathedis has a strategic focus on small e-retailers. Representing the bulk of the e-commerce market, these operators need local support and an increase in skills. With this in mind, the startup launched Cathedis Academy at the end of 2022.
On the menu, are training sessions led by experts in several key areas, such as business law, project management, digital marketing, e-commerce, and business development. Two promotions of about twenty e-traders have already benefited from coaching workshops. Cathedis has a 100% digital platform. It is support for a profound transformation of the management of deliveries. Everything is traceable.
The solution offers a high level of agility to manage each operation, from the creation of the delivery to the return of funds, even daily, through the management of claims, and this, with real-time monitoring. The goal is to provide the best user experience. The automated sorting center designed and deployed by its in-house teams has an automatic sorting capacity of 4,000 packages per hour. The startup relies on R&D made in Morocco to achieve higher scores. Moreover, it aims at a flow of 3 million packages processed per year by 2024.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in LES ECO.ma, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Colombian Cannabis Exports Soared 96% Last Year
During 2022, Colombia exported a huge quantity of cannabis, worth $8.4 million. More than 90% of Colombian cannabis exports originated...
Spain’s GDP Dodges Recession with a Growth of 5.5% in 2022
Although the advance in Spain's GDP compared to the immediately preceding quarter has been better than expected, the economic standstill...
New Equity Crowdfunding Platform Restartup Was Launched
Restartup is running its first equity crowdfunding campaign. Index Review, founded in 1984 by Cesare Cases and Gian Giacomo Migone,...
Charging Stations for Electric Vehicles in Morocco
An agreement has already been concluded between Vital Energy and the Centrale Automobile Chérifienne (importer of Audi), to offer a...
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [Week 4]
In this week's affiliate marketing digest, we're going to check out the next best thing to printing money (and it's...
Business1 week ago
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [Week 3]
Cannabis2 weeks ago
Hawaii Plans to Legalize Cannabis in 2023
Featured2 weeks ago
Spain’s Alantra and Solarig Launch N-Sun Energy
Business2 weeks ago
How Cheap are the Mining Shares?The Barron’s Gold Mining Index Tells All