Freterium Raises $4M in Seed Funding
- Freterium, a Casablanca, Morocco-based transport management software provider, raised $4M in Seed funding
- The round was led by Partech, with participation from Y Combinator, Flexport, CDG Invest, Swiss Founders Fund, Outlierz Ventures and business angels from the U.S., Europe, Asia and Africa
- The company intends to use the funds to invest in its tech and product development to fuel growth and serve more companies in Africa and the Middle East
- They are planning to double the size of the team within the next 12 months. accelerate growth and expand operations, product and team
- The company currently has 20+ enterprise customers and more than 3,000 users of its software
- The company has experienced fast growth in 2021 and has opened a new office in the UAE to address neighboring markets in the region
