Deal Street

2024 African Venture Capital Report

Coming Soon

African Startup Funding Tracker

$1,966,715,627+

*Data updated daily at 18:00 EAT

Moroccan Logistics Startup Cathedis Raises USD 735 K Funding
Moroccan Logistics Startup Cathedis Raises USD 735 K Funding

Cathedis, a Moroccan startup specializing in delivery and e-logistics, announces the completion of a new financing cycle: a pre-series A fundraising of 5 MDH from Afrimobility, a Venture Capital from AKWA Group, and a bridge of 2.5 MDH provided by CDG Invest, for a total of 7.5 MDH (USD 735 K). This is the second round the startup has raised since its founding in 2019 after MDH 1 million provided by CDG Invest’s 212 Founders program back in 2020.

Cathedis’ platform offers cloud-based warehousing and delivery solutions to local e-commerce stores.  The system provides a high level of agility to manage each operation, from the production of the delivery to the return of cash, even on a daily basis, via complaint handling, and this with real-time monitoring, even near instantaneous monitoring.