New Investments
Moroccan Copyright Management Startup Crealo Secures $1.42 Million Seed Funding
Moroccan startup Crealo, a platform tackling the complexities of copyright management, has secured $1.42 million in seed funding.
The funding was led by the 212Founders program and backed by Kima Ventures and others.
Founded in 2021, Crealo aims to ease the often bureaucratic process of managing artistic rights.
Their online platform caters to institutions of all sizes, from prominent galleries like Palais de Tokyo to smaller publishers. Features like streamlined royalty distribution and frequent settlements.
This funding round is more than just a financial win as it will fuel Crealo’s ambition to become the go-to solution for Europe’s cultural and creative sector.
The company plans to use the money to upgrade its platform, forge strategic partnerships, and expand its team.
The 212Founders program, a dedicated supporter of Moroccan entrepreneurs, played a key role in securing the funding. Their investment of 4.9 million dirhams reflects their commitment to nurturing innovation and driving economic growth in the country.
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