Morocco’s Crealo raises $1.42m in seed round led by CDG
- Crealo, a copyright-management platform based in Morocco, has secured $1.42 million in Seed funding.
- Funding led by 212Founders program under CDG Invest, with participation from Kima Ventures, Evolem, Super Capital, and angel investors.
- Crealo aims to improve its product, establish partnerships, and grow its workforce to accelerate growth in copyright management.
Morocco-based copyright-management platform Crealo has raised $1.42 million in seed funding. The 212Founders program under CDG Invest led the funding round, with participation from Kima Ventures, Evolem, Super Capital, and angel investors.
Founded in 2021 by Mohammed Belghiti and Najlae Zeitouni, Crealo focuses on helping cultural and creative institutions manage copyrighted material through its online platform. Notable platform users include institutions such as Palais de Tokyo and Beaux Arts Magazine.
The raised capital will empower Crealo to enhance the quality of its product, establish new partnerships, and expand its workforce. These strategic moves are expected to accelerate the platform's growth trajectory in copyright management.
AI is shaping the future of online services, even in Africa, where platforms like Crealo showcase its transformative impact. Crealo, whose innovative approach allows publishing houses to calculate and disburse royalties with unprecedented ease and efficiency. Meanwhile, in recent years, Morocco has launched several programs to incubate startups and stimulate the emergence of a startup ecosystem in the country. Despite the gradual growth in the startup industry, it still faces significant challenges. Lack of capital, the prevailing fragmented markets, lack of quality education, and suboptimal infrastructure are all weighing down on startups’ growth prospects. That underscores the importance of the 212Founders program.