The Moroccan start-up company PrestaFreedom, which is a home services platform that specialises in household subscriptions and other services for individuals, has received 11 million dirhams (about $1.1 million) in funding from the Azur Innovation Fund.
With this support, PrestaFreedom will be able to grow its operations on a national and regional scale.
Users have access to a number of services that can help them with their day-to-day life through PrestaFreedom, a platform for services that was established in the year 2020.
PrestaFreedom offers recurring and customized cleaning subscriptions.
The Azur Innovation Fund is a seed public-private investment fund that encourages innovative entrepreneurs. The startup was able to secure funds from this public-private investment fund in order to finance its continued expansion across Morocco and into the rest of Africa. The money of MDH11 million (US$1.1 million) will be used by PrestaFeedom to improve its technological and logistical chains in order to keep up with the expansion of its services and the growth of the firm. PrestaFeedom will utilise the funding to develop its technological and logistical chains.
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How PrestaFreedom intends to use the fund
PrestaFreedom intends to make use of the recently acquired cash to make investments in its logistics and technological development in order to fuel the growth of the company while simultaneously speeding up plans to expand geographically to a number of African regions beginning in the coming year.
PrestaFreedom reported that in addition to this investment, it was successful in raising three more rounds of funding to speed up its go-to-market operations.
Remarks from the CEO of PrestaFreedom
“We are proud of this growth opportunity offered to us by our Azur Innovation Fund partners. This is a decisive step in the development of this startup that I launched a few years ago to meet a specific need and whose success today exceeds the most optimistic forecasts,” said Majid Benslimane, founder and CEO of PrestaFreedom
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About PrestaFreedom
PrestaFreedom is a platform for services that was established in the year 2020 by Majid Bensilmane. It is known for its recurring and tailored cleaning subscription, which provides users access to a wide variety of services that can assist them in their daily lives.
The platform gives users the choice to subscribe on a weekly or monthly basis to gain access to a wide range of home maintenance services.
One investor has contributed a million dollars worth of financing to PrestaFreedom throughout the course of one investment round. The most recent funding round for PrestaFreedom was a Seed round.
It also gives users the choice to subscribe on a weekly or monthly basis in order to gain access to a wide range of home maintenance services. The cleaning subscription is conducted by a team of highly trained experts, and it is paid for in a formal manner with benefits and an extremely motivating career path.
Casablanca, often known as Grand Casablanca, is the location of Presta Freedom in Morocco. Azur Innovation Fund is the source of funding for Presta Freedom.
Presta Freedom has successfully raised 11 million MAD.
On May 26, 2023, Presta Freedom successfully completed its most recent investment round, which was a Seed round.
Super, Clutter, and HomeX are some alternatives to Presta Freedom that might also be considered potential competitors.