After securing initial funding in 2020, the company wants to continue its expansion with additional capital.

Moroccan e-logistics start-up Cathedis recently secured US$735,000 in pre-series A funding from an investor cohort consisting of Afrimobility, a venture capital fund of AKWA Group, and CDG Invest.

According to Imad El Mansour Zekri, founder and CEO of Cathedis, the renewed support from CDG Invest, its old investor and partner, as well as the entrance of Afrimobility into its Cathedis' capital will help the startup consolidate its performance, develop its innovation platform and accelerate its growth.

In 2020, the startup secured MAD3 million (US$296,000) through CDG Invest's 212 Founders, raising the resources to achieve over 300% growth between 2020 and 2022.

In its four years of operation, the start-up has built a fully digital platform that manages all deliveries, based on a system that easily handles every operation from production to delivery, payment, and complaint handling with real-time or near-instantaneous tracking.

Cathedis has also deployed an automated 4,000-parcels-per-hour sorting center, thanks to which it serves more than 160 cities and regions in Morocco. To successfully achieve its goals, the startup turned to the association R&D Morocco, which promotes and drives innovation.

According to its CEO, it is one of the leading e-logistics operators in Morocco, with proprietary industrial and tech solutions. Its goal is to reach an annual flow of 3 million packages by 2024.

Samira Njoya