Moroccan Logistics Startup Cathedis Secures USD 676 K in New Funding

Moroccan logistics startup Cathedis has secured new investment totaling USD 676 K from BMCE Capital Investments and Beltone Venture Capital. This latest funding round includes USD 483 K from BMCE’s venture capital fund (FCV) and an additional USD 193 K from Beltone Venture Capital.

Cathedis, founded in 2015, provides e-logistics and delivery services and manages all aspects of delivery operations through a digital platform. The platform oversees the entire process from production to cash returns, including real-time tracking capabilities.

This funding follows a USD 735 K investment in early 2023, which included funding from Afrimobility, the venture capital branch of AKWA Group, and a bridge investment of USD 243 K from CDG Invest.

With this new investment, Cathedis plans to enhance its infrastructure and operational capacity to serve better the growing demands of both domestic and international markets. The company has already developed an automated sorting centre capable of handling up to 4,000 parcels per hour, with additional plans to improve its resources and delivery efficiency across key markets.