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Moroccan home services startup PrestaFreedom raises $1.1m

Moroccan home services startup PrestaFreedom raises $1.1m

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The Moroccan startup PrestaFreedom, a home services platform specialising in household subscriptions and other services for individuals, has raised MDH11 million (US$1.1 million) from the Azur Innovation Fund to accelerate its growth at the national and regional level.

Moroccan startup PrestaFreedom has raised MDH11 million (US$1.1 million) from the Azur Innovation Fund to fuel its expansion in Morocco and the wider African market. PrestaFreedom, founded in 2020, operates as a home services platform that specializes in household subscriptions and other personalized services. The funding will be utilized to enhance the company's logistics and technological infrastructure to support its growth and the expansion of its service offerings. The Azur Innovation Fund is a seed public-private investment fund that supports innovative startups. PrestaFreedom aims to leverage the funding to strengthen its position in the market and tap into the potential of the African region. Majid Benslimane, the founder and CEO of PrestaFreedom, expressed enthusiasm for the growth opportunity provided by the fund, noting the success of the startup has surpassed expectations.


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