Azur Innovation Fund invests US$390,000 in transport and logistics startup Cloud Fret

MOROCCO – Azur Innovation Fund, a public-private seed fund aimed at providing money to creative Moroccan entrepreneurs has invested US$390,000 in Cloud Fret. It is the fund’s second investment following that of Epicerie Verte. Cloud Fret is a transport and logistics startup founded in 2020. Its platform connects loaders and transporters as it aims to eliminate empty returns of trucks between the two ends of the Mediterranean. Its aim is to optimise the transport of trucks with the help of artificial intelligence which can track the movement of empty cargo…

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Digital marketer Epicerie Verte raises US$748,000 from Azur Innovation Fund

MOROCCO – Epicerie Verte, a Casablanca-based digital marketplace specializing in allowing producers to sell their local organic products online, has raised US$748,000 from Azur Innovation Fund. Amine SLIMANI, Founder and Managing Director, said the funds raised from Azur Innovation Fund will enable Epicerie Verte to accelerate its growth both in Morocco and internationally. With its fundraising, the young company also intends to recruit and attack the European market to promote organic “Made in Morocco”. Founded in 2017, Epicerie Verte is a 100% online marketplace specializing in organic products. It is…

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