Morocco’s Freterium Secures USD 4 Mn Seed Funding To Scale

Morocco-based transport management software provider Freterium announced today that it has raised USD 4 Mn in a seed round closed in December. The funding round was led by Partech, with Y Combinator, Flexport, CDG Invest, Swiss Founders Fund, Ourtlierz Ventures, and business angels from the USA, Europe, Asia, and Africa also participating.

The startup’s new-generation transport management software connects shippers with their entire logistics ecosystem to collaborate in real-time, helping them cut time and shipping costs. Freterium software helps with the execution and monitoring by sharing the shipment information with parties involved in the transaction. And after the package has been delivered, retailers can control invoices from the delivery providers, analyze the performance and quality of service, and get insights on inefficiencies within their organization.