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    You are at:Home»Business»Moroccan logistics startup Colis.ma secures $300K investment for expansion and market consolidation in Africa

    Moroccan logistics startup Colis.ma secures $300K investment for expansion and market consolidation in Africa

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    By Tapiwa Matthew Mutisi on October 24, 2024 Business, Delivery Services, Funding, Investments, Logistics, News, Technology

    Colis.ma, an emerging logistics enterprise based in Morocco, has recently garnered a substantial investment of $300,000 in its pre-seed financing round, courtesy of Witamax, a venture capital firm supported by private investors. This infusion of capital is earmarked for bolstering Colis.ma’s operational footprint within the five most significant regions of Morocco and extending its reach to six European nations. Additionally, the company has charted out a strategic roadmap for its foray into the African continent, with an initial focus on West African markets.

    In anticipation of its future growth trajectory, Colis.ma is also laying the groundwork for an additional fundraising endeavor, which is anticipated to take place in the early months of 2026. This forthcoming financial round is aimed at propelling the startup to capture a larger slice of the competitive logistics industry.

    Founded in 2022 by CEO Issam Darui, Colis.ma has swiftly established a commendable track record, boasting the successful delivery of in excess of 50,000 parcels across a network spanning more than 55 destinations within six European countries. In a testament to its rapid growth, the company has reported a quintupling of its business volume over the past year, culminating in a staggering 380% surge in its Annual Recurring Revenue for the year 2023.

    The core clientele of Colis.ma comprises individuals, particularly those maintaining familial connections between Morocco and Europe, as well as small-to-medium-sized enterprises (SMEs) operating in niche markets such as cosmetics, handcrafted goods, and organic products. The startup is poised to broaden its services to encompass a more diverse array of SMEs, facilitating their access to European markets.

    To optimize its logistical operations and enhance client services, Colis.ma has forged strategic partnerships with various entities. CEO Issam Darui has expressed that the recent funding will serve as a catalyst for the startup’s expansion plans, both geographically and in terms of service quality. Darui envisions Colis.ma as a pivotal force in the logistics domain, bridging Africa and Europe with cutting-edge technological solutions tailored for an industry in the midst of transformation.

    Prior to the recent $300,000 funding milestone, Colis.ma had previously secured an initial investment of $50,000 from The Baobab Network, an African investor, following its participation in their accelerator program. Furthermore, in February 2024, the startup was awarded a grant of $45,000.

    Colis.ma operates amidst a dynamic and competitive logistics market in Morocco. Among its contemporaries is Logidoo, another Moroccan logistics startup that has been operational since 2019. In February 2024, Logidoo raised $1.55 million in seed funding to amplify its operations and enhance its market presence. Additionally, in July 2024, Logidoo received a $50,000 grant aimed at developing and promoting AI-driven solutions to streamline and simplify logistics operations across the African continent.

    Moroccan Prop-Tech Startup Agenz Secures Undisclosed Funding for Expansion

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    Africa Business Colis.ma Delivery Services Expansion Funding Investments Logistics Morocco Operations Pre-seed Funding Startups Technology Witamax
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    Tapiwa Matthew Mutisi
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    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

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