In a positive development for Morocco’s startup ecosystem, Crealo, a Morocco-based copyright-management platform, has successfully raised $1.42 million in Seed funding. This funding round was led by the 212Founders programme, operating under CDG Invest, and witnessed participation from prominent investors such as Kima Ventures, Evolem, Super Capital, and several angel investors.
Founded in 2021 by Mohammed Belghiti and Najlae Zeitouni, Crealo has quickly emerged as a trailblazer in the field of copyright management. The platform provides cultural and creative institutions with an online solution to efficiently manage copyrighted material. Notable users of Crealo’s platform include prestigious institutions like Palais de Tokyo, Beaux Arts Magazine, and more.
The $1.42 million infusion of capital is poised to propel Crealo to new heights, allowing the company to enhance the quality of its product, forge strategic partnerships, and expand its workforce. This strategic investment marks a significant milestone for Crealo and is set to solidify its position as a leading player in the copyright management space.
The 212Founders programme, operating under CDG Invest, played a pivotal role in this funding round, injecting a substantial 4.9 million dirhams into Crealo. This move underscores the programme’s commitment to fostering entrepreneurship and driving economic sophistication in Morocco. Since its inception in 2019, the 212Founders programme has successfully executed 18 financings, accumulating an impressive 97 million dirhams in the process.
Crealo, as the first European solution dedicated to comprehensively addressing copyright issues in the cultural and creative industries, stands out for its innovative approach. The platform caters to organizations of varying sizes, offering a sophisticated and user-friendly system that streamlines and automates the entire process of copyright royalty management in France.
Najlae Zeitouni, Co-founder and CEO of Crealo, highlighted the company’s commitment to simplifying royalty payments, drawing parallels with the ease of salary disbursements. Crealo’s platform allows publishing houses to calculate and disburse royalties with unprecedented ease and efficiency, enabling clients to transition from annual to more frequent settlements.
Nawfal Fassi Fihri, Director of the 212Founders programme, expressed enthusiasm about welcoming Crealo into the fold of Moroccan entrepreneurial successes. He commended the robust technological solution that Crealo brings to the market, emphasizing the startup’s promising prospects in revolutionizing the management of copyright royalties.
With this substantial Seed funding, Crealo is poised to accelerate its growth trajectory, ushering in a new era of efficiency and innovation in the realm of copyright management.