CloudFret, the Moroccan empty-truck logistics startup, was reported in final talks on a roughly 50-million-dirham third funding round targeting a major international private equity fund as of May 2026. As of our research in September 2026, we found no public confirmation that this round has since closed — the “in final talks” status is the last independently reported update.
Dateline: Status last independently confirmed May 20, 2026, per Challenge.ma; no newer public update found as of September 2026.
The details
Founded in 2021 by Driss Jabar, CloudFret runs an AI-matching platform that pairs shippers with trucks making otherwise-empty return trips between Europe and Africa — a “carpooling for freight” model aimed at cutting the empty-return problem that inflates transport costs on the Morocco-Senegal-Europe corridor. According to Challenge.ma (May 20, 2026), the company had raised roughly 30 million dirhams combined across two earlier rounds, from investors including AfriMobility and Azur Innovation Fund, and reported revenue above 60 million dirhams with positive margins. Its network at that point spanned Morocco, Senegal, France, Italy, Spain and Portugal.
The same report described CloudFret as being in final-stage talks on a third round of roughly 50 million dirhams, this time targeting a major international private equity fund rather than the earlier, smaller impact-focused investors. We searched specifically for any update since that May 2026 report — a closed round, a named investor, a revised amount — and found none as of September 2026. That doesn’t mean the round has fallen through; funding negotiations of this size routinely take several months to finalize and to become public, and companies frequently don’t announce a close until final legal steps are complete. It does mean the “final talks” language from May should not be read as still describing today’s status without qualification — four months on, it is stale unless and until a close is confirmed.
Why it matters for Moroccan logistics founders and investors
CloudFret’s progression — from two early rounds backed by Moroccan and Africa-focused impact funds to (reportedly) courting a major international PE fund for round three — is a useful marker of how far a Moroccan logistics-tech startup can travel before international capital gets involved, and at what revenue threshold that shift tends to happen. A startup already profitable on 60 million-plus dirhams of revenue seeking growth capital from a PE fund, rather than another early-stage venture round, is a different fundraising conversation than most Moroccan startup coverage describes, and it’s a data point other logistics and B2B marketplace founders in Morocco can benchmark against when planning their own later-stage raises. For investors, CloudFret’s cross-border network (Morocco-Senegal-Europe) is also a concrete example of a Moroccan startup building genuinely pan-African-European infrastructure rather than a single-market product.
What’s next
Confirmed: As of May 2026, CloudFret had raised ~30M MAD across two rounds, reported revenue above 60M MAD, and was in final talks on a third round of ~50M MAD with a major international PE fund, per Challenge.ma.
Speculative / unconfirmed: Whether the third round has since closed, the identity of the PE fund involved, and the final terms or valuation are all unconfirmed as of this writing. We will treat any future close as a separate, updatable news item rather than assuming the May 2026 “final talks” status still holds.
FAQ
Source: Challenge.ma (May 20, 2026); no newer public update found as of September 2026.
