Morocco-based home services marketplace PrestaFreedom has raised $1.1 million (MDH 11,000,000) from Azur Innovation Fund.
Founded in 2020 by Majid Bensilmane, PrestaFreedom offers a host of home maintenance services on a monthly and weekly subscription basis. The startup claims to have one thousand returning customers.
“We are proud of this opportunity offered to us by our Azur Innovation Fund partners. This serves as a crucial step in the development of this startup that I launched a few years ago, whose goal is to meet a particular need in the market and whose success today exceeds the expectations,” Benslimane, founder and CEO of PrestaFreedom said as quoted in a statement by the startup.
With the recent funding, PrestaFreedom plans to invest in its logistics and technology development in order to fuel the growth of the company while accelerating geographical expansion plans to a number of African markets starting next year.
Besides this round, PrestaFreedom said it also managed to raise several others to accelerate its go-to-market efforts.