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Cathedis Raised 7.5 MDH from Afrimobility and CDG Invest

This fundraising represents a “decisive turning point that Cathedis approaches with enthusiasm and determination” explained the startup. 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.

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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.

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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.

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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.

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(Featured image by AhmadArdity via Pixabay)

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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.

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Suzanne Mitchell juggles the busy life of a full-time mom and entrepreneur while also being a writer-at-large for several business publications. Her work mostly covers the financial sector, including traditional and alternative investing. She shares reports and analyses on the real estate, fintech and cryptocurrency markets. She also likes to write about the health and biotech industry, in particular its intersection with clean water and cannabis. It is one of her goals to always share things of interest to women who want to make their mark in the world.