Moroccan startup Crealo, a rising star in the copyright management industry, has secured $1.42 million (14.1 million dirhams) in seed funding, poised to propel its innovative platform to new heights. This injection of capital, led by 212 Founders Programme, an initiative of CDG Invest, comes alongside participation from prominent investors like Kima Ventures, Evolem, Super Capital, and several angel investors. Founded in 2021 by Mohammed Belghiti and Najlae Zeitouni, Crealo empowers cultural and creative institutions with a streamlined online solution for managing copyrighted material. From renowned establishments like Palais de Tokyo and Beaux Arts Magazine, Crealo's clientele testifies to its impact in simplifying royalty distribution. "This funding is a pivotal step for Crealo," affirmed Zeitouni, emphasizing the company's dedication to making royalty payments "as seamless as salary payments." With the newfound resources, Crealo plans to enhance its product offerings, expand its team, and forge strategic partnerships, solidifying its position as a pioneer in copyright management. The 212 Founders Programme, a driving force behind Moroccan entrepreneurship since 2019, sees immense potential in Crealo. Nawfal Fassi Fihri, Director of the program, warmly welcomed Crealo as part of the "Moroccan entrepreneurial success story," further highlighting the program's commitment to fostering economic growth through strategic investments. Crealo's success extends beyond financial gains. Their platform allows clients, ranging from publishing houses to museums, to move from annual to semi-annual or even quarterly royalty settlements, demonstrating the efficiency and agility it brings to the table. This funding round marks a significant milestone for Crealo, paving the way for rapid growth and industry-wide impact. With its unwavering dedication to streamlining copyright management and a strong backing from prominent investors, Crealo is poised to revolutionize the way royalties are handled in the cultural and creative landscape.
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