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.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Alterra Capital Partners, a private equity firm founded in 2020 by former Carlyle Group employees, has raised $140 million in the first closing of a $500 million fund focused on investments in Africa.
d.light, a company providing essential household products and financing to low-income communities, has announced a project to equip Ugandan refugee camps with solar home systems.
Pretoria-based electric vehicle (EV) startup Everlectric has secured venture debt funding from FNB South Africa’s Vumela Fund, managed by Edge Growth.
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