Colis.ma, a Moroccan startup specializing in cross-border logistics, has closed a $300,000 pre-seed funding round led by Witamax.
The new capital will allow the company to enhance its service coverage in Morocco and six European countries while planning further expansion into West Africa.
Since its inception in 2022, Colis.ma has delivered over 50,000 parcels to more than 55 destinations in Europe, experiencing fivefold growth within the past year and a remarkable 380% increase in Annual Recurring Revenue in 2023 compared to the previous year.
Colis.ma aims to become a key logistics player between Africa and Europe, utilizing innovative technological solutions to optimize operations and enhance service quality.
It is also focused on connecting individuals and SMEs, particularly in the cosmetics, artisanal goods, and organic product sectors.
Colis.ma, a leading Moroccan startup specializing in cross-border logistics, has closed its pre-seed funding round, raising $300,000 from Moroccan Private venture capital firm Witamax.
This funding will enable Colis to strengthen its coverage of the five largest regions of Morocco, as well as six prominent European countries, with plans to further expand on the African side, starting with West Africa.
Since its founding in 2022 by CEO and founder Issam Darui, Colis.ma has experienced rapid growth, delivering over 50,000 parcels to more than 55 destinations across six European countries in less than two years and growing fivefold within the last 12 months.
The company also achieved a remarkable 380% growth in Annual Recurring Revenue in 2023, compared to 2022.
Colis.ma aims to revolutionize logistics for individuals and small-to-medium-sized enterprises (SMEs) by offering fast, reliable, and efficient parcel delivery services. Colis.ma targets individuals with family connections between Morocco and Europe and SMEs in sectors such as cosmetics, artisanal goods, and organic products.
Its vision is to connect even more SMEs from various sectors with their clients in Europe, and vice versa.
“We are extremely grateful to Witamax for supporting our vision from the start. This funding allows us to broaden our geographic coverage and further improve the quality of our services,” said Issam DARUI, CEO and founder of Colis.
“Our goal is to become a key player in logistics between Africa and Europe, offering innovative technological solutions to a sector transforming.”
Colis works with a wide range of partners, including traditional and unorganized transporters. Using its internally developed technology solutions, the startup helps its partners optimize their operations while ensuring a higher quality of service for its clients.
Hiba Mrani Alaoui, General Partner at Witamax says: “Colis is thriving and well positioned to become an incumbent in this field.”
