Beltone Venture Capital has announced a highly successful exit from its investment in Cathedis, a leading Moroccan last-mile delivery and logistics platform. The exit generated a 100% internal rate of return (IRR), marking a significant milestone for the firm and underscoring its strategic investment acumen in the region’s fast-evolving tech ecosystem.
Cathedis, known for its innovative logistics solutions tailored to e-commerce and urban delivery challenges, has grown to become a key player in Morocco’s last-mile delivery sector. Beltone Venture Capital’s involvement provided critical growth capital and strategic support that helped scale the company’s operations and expand its market footprint.
Founded in 2023, Beltone Venture Capital manages $50 million in assets and has rapidly built a diversified portfolio of 21 technology-driven companies operating across strategic sectors in the MENA region. In addition to its equity investments, the firm also oversees a $5 million venture debt portfolio, further enhancing its ability to support startups through flexible financing solutions.
Commenting on the exit, Ali Mokhtar, CEO and Managing Partner of Beltone Venture Capital, stated:
We identified a compelling opportunity in Cathedis, Morocco’s leading last-mile delivery and logistics platform. Our investment was driven by a clear vision of the company’s potential. Through active engagement and strategic support, we helped accelerate its growth trajectory. Exiting with a 100% IRR is a testament to the strength of our investment thesis and the execution capabilities of both our team and Cathedis’ leadership.
This exit reinforces Beltone Venture Capital’s position as a dynamic force in the regional venture capital landscape, with a focus on scalable, tech-enabled businesses that address critical infrastructure and service gaps in emerging markets.
