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.
South Africa’s E4E Africa, a venture capital firm powered by entrepreneurs, has secured $30 million for the first close of its E4E Africa Fund II.
Norfund, the Norwegian Investment Fund for Developing Countries, has announced its first-ever direct investments in plastic recycling initiatives in Africa
Cauris Finance, an Africa-focused impact credit fund, has successfully closed a $40 million debt facility with a U.S.-based institutional investor.
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