A dynamic logistics startup in Morocco has successfully raised $300,000 in pre-seed funding, positioning itself to enhance its supply chain operations within Morocco’s largest regions and expand its reach into West Africa. This investment, obtained from a private-backed venture capital firm, signifies a pivotal moment in the company’s growth journey.
Founded in 2022, the startup has already made impressive strides in the logistics sector, delivering over 50,000 parcels to more than 55 destinations across six European countries. In just under two years, the company has achieved remarkable growth, recording a fivefold increase in volume over the past year, which has translated into a 380% boost in Annual Recurring Revenue in 2023.
By catering to individuals with connections in Europe and small-to-medium-sized enterprises (SMEs) in sectors such as cosmetics and artisanal goods, the startup is committed to enhancing supply chain links between Africa and Europe. The new funding will enable the company to broaden its geographic footprint and elevate service quality, establishing itself as a key player in transforming logistics across the two continents.
The leadership team is enthusiastic about the potential of this funding to drive innovative technological solutions within the supply chain, addressing the evolving needs of businesses and consumers alike. Plans for an upcoming fundraising round in early 2026 further reflect the startup’s ambition to capture a larger share of the logistics market.
Before securing this latest investment, the company had already garnered $50,000 from an African investor after participating in an accelerator program and received a $45,000 grant earlier this year, showcasing its commitment to growth and sustainability.
The momentum within Morocco’s logistics landscape is palpable, with other startups also making significant advancements. A competing logistics firm, operational since 2019, recently raised $1.55 million in seed funding to scale its services and enhance market competitiveness. This growing investment in the logistics sector highlights the immense potential for innovation and efficiency in supply chains throughout Morocco and Africa.
This recent funding milestone not only reflects the optimism surrounding the logistics industry but also emphasizes the vital role these startups play in enhancing supply chain operations and driving economic growth across the region.
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