
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.
Proparco has partnered with RMBV to support the North Africa Fund III (NAF III), which aims to drive economic growth in the region.
This fund invests in mid-sized companies across Egypt, Morocco, Algeria, and Tunisia, aiming to stimulate growth in key sectors such as healthcare, education, financial services, and consumer goods.
NAF III represents RMBV’s inaugural fund as an independent manager, marking a new chapter for the firm.
The fund plans to raise up to $300 million to support businesses that demonstrate potential for expansion and resilience in the face of economic challenges.
The European Bank for Reconstruction and Development (EBRD) has also committed up to $80 million to NAF III, reinforcing its support for private equity as a vital funding source in the region.
Beyond financial investment, the EBRD will provide technical assistance to RMBV to develop and implement a gender action plan, promoting inclusive growth and diversity within the fund’s portfolio companies.
Proparco’s collaboration with RMBV aligns with its mission to promote sustainable development and inclusive economic growth.
Through this partnership, Proparco will have co-investment opportunities, furthering its objective of advancing sound business practices and delivering transformative outcomes across North Africa.
RMBV, formerly part of the Abraaj Group, has a history of investing in sectors that are pivotal to the region’s development.
With a focus on companies that are well-positioned to benefit from North Africa’s evolving consumer landscape, RMBV aims to transform mid-cap businesses into regional leaders.
This strategic partnership between Proparco, RMBV, and the EBRD underscores a shared commitment to fostering economic resilience and sustainable growth in North Africa, providing much-needed capital and expertise to mid-sized enterprises poised to make a significant impact in their respective sectors.
“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.
Moroccan startup Crealo, a platform tackling the complexities of copyright management, has secured $1.42 million in seed funding.
Renew Capital, an impact-focused venture capital firm investing in early-stage African startups, has backed Ethiopia-based micro-insurance startup Jamii.one with a new investment.
DEG, the German development finance institution, has increased its investment in Mediterrania Capital IV Mid-Cap by an additional €15 million.
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