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Moroccan Startup Colis.ma Raises $300,000 to Expand in Africa

October 24, 2024

Moroccan Startup Colis.ma Raises $300,000 to Expand in Africa

Moroccan logistics startup Colis.ma raises $300,000 to strengthen presence and expand in Africa, a pre-seed funding from Witamax, a private-backed VC.

With the funds, Colis intends to strengthen its presence in Morocco’s five largest regions and six European countries. It also plans to expand in Africa, starting with West Africa.

Meanwhile, the startup is considering an upcoming fundraising round, scheduled for early 2026, to help it capture more market share in the logistics sector.

CEO Issam Darui founded Colis.ma in 2022, and it claims to have delivered over 50,000 parcels to more than 55 destinations in six European countries. Highlighting its achievements in less than two years, the company reported a fivefold growth in the last 12 months, resulting in a 380% increase in Annual Recurring Revenue in 2023.

The logistics startup serves individuals, particularly those with family ties between Morocco and Europe, and small-to-medium-sized enterprises (SMEs) in sectors such as cosmetics, artisanal goods, and organic products. However, it aims to connect more SMEs from various sectors with their clients in Europe.

Colis.ma collaborates with several partners to optimise their operations and provide better services to their clients.

Funding will enable Colis.ma to expand its geographic coverage and improve service quality

Issam Darui stated that the funding will enable the startup to expand its geographic coverage and improve service quality. “Our goal is to become a key player in logistics between Africa and Europe, offering innovative technological solutions to a sector undergoing transformation,” the CEO said.

Before raising $300,000, Colis.ma had secured $50,000 from African investor The Baobab Network after joining their accelerator programme, and in February 2024, it won a $45,000 grant.

The startup is not the only logistics company operating in Morocco. Among many others, Logidoo, a logistics startup based in Morocco, has been in the market since 2019. In February 2024, the company, which offers logistics services and real-time parcel tracking, raised $1.55 million in seed funding to scale up and increase its market share.

In July 2024, it received a $50,000 grant to develop and promote artificial intelligence (AI) solutions for Africa’s logistics market, simplifying transactions and streamlining transport operations.

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