Morocco’s fast-growing logistics startup Cathedis has secured fresh capital in a funding round backed by regional investors, including BMCE Capital Investments and Beltone Venture Capital. The funding, totaling nearly MAD 7 million (approximately $712,000), marks a significant boost in Cathedis’s plans for both domestic growth and regional expansion.
BMCE Capital Investments, the private equity arm of the BMCE Capital Group, committed MAD 5 million through its venture capital fund, Fonds Capital Venture (FCV), while Egyptian investor Beltone Venture Capital contributed MAD 2 million. The funding was officially announced Wednesday, highlighting a strategic push by both Moroccan and Egyptian investors into the country’s emerging logistics sector.
Cathedis has carved out a niche in Morocco’s last-mile delivery market, providing efficient logistics solutions in a sector increasingly driven by e-commerce growth and demand for faster, more flexible delivery options. Known for its customer-centric service and robust management team, Cathedis is already backed by CDG Invest’s 212Founders program and Afri Mobility, the venture capital arm of Morocco’s AKWA Group. This new funding, according to the company, will be deployed to solidify its Moroccan operations and accelerate entry into other markets across North Africa.
The capital infusion arrives at a time when North African startups are gaining momentum on the global investment stage, with regional VCs like BMCE Capital Investments and Beltone Ventures playing an increasingly prominent role. By joining forces with earlier backers like CDG Invest and Afri Mobility, BMCE Capital aims to foster a broader ecosystem that supports Moroccan startups as they expand beyond national borders.
In a statement, BMCE Capital Investments reiterated its commitment to fostering growth in Morocco’s startup landscape, underscoring the fund’s goal of supporting emerging companies with the potential for international reach. The fund aims to nurture homegrown successes in Morocco and build a network of scalable, globally oriented businesses.
The investment in Cathedis is part of a wider trend of North African investors actively seeking opportunities to drive logistics innovation across the region. Egyptian VC Beltone highlighted that this move is part of a broader strategy to expand its investment footprint across Africa, leveraging Morocco’s strategic location and advanced logistics capabilities to create a bridge into Sub-Saharan markets. Beltone sees its partnership with Cathedis as an opportunity to address challenges within the African logistics sector, including the need for reliable last-mile delivery infrastructure to support the continent’s e-commerce growth.
As the new capital takes effect, Cathedis is targeting an ambitious growth plan, aiming to process over three million shipments annually by 2024. This expansion aligns with a larger vision to refine parcel delivery methods and enhance operational efficiency. The company’s technology-driven approach aims to reshape the logistics experience for users by increasing speed and reliability in last-mile delivery, a critical factor in the evolving e-commerce landscape.
With the funding support of BMCE Capital, Beltone, and other regional backers, Cathedis is well-positioned to drive its growth objectives in Morocco and beyond, serving as a potential model for other startups navigating North Africa’s rapidly expanding logistics and e-commerce market.