# Freterium

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/freterium

- Industry: Software
- Headquarters: Casablanca, Morocco
- Website: www.freterium.com
- Total disclosed funding: $4M
- Latest round: Seed (Dec 24, 2021)
- Investors on record: 6

## About

Based in Casablanca, Morocco, and founded in 2018 by CEO Mehdi Cherif Alami, and CPO Omar El Kouhene, Freterium, Inc. operates as a provider of transport management software that automates the management of daily road freight shipments for retailers, manufacturers, and logistic firms. In December 2021, Freterium raised USD 4 million in seed funding led by Partech Partners, with participation from CDG Invest, Flexport Ventures, Outlierz, Swiss Founders Fund, Y Combinator, and individual investors. As of December 2021, the company has raised a total of USD 4.46 million in funding.

Freterium provides a cloud-based transport management platform that connects the entire logistics value chain, including senders, fleet, careers, production sites, depots, customers, suppliers through mobile applications, GPS boxes, IoT sensors, and email. The company provides TMS (transport management system) for shippers to control their transport flows, including dispatch, track, invoicing, and reporting. In addition, the firm also provides Freterium optim API that generates the best routes and minimizes delivery costs.

Freterium plans to use its proceeds from December 2021 funding to invest in product and technology development, expand in Africa and the Middle East, hire new talents, accelerate growth and expand operations.

## Funding rounds

- Seed, Dec 24, 2021, $4M — Partech Partners, Y Combinator, Swiss Founders Fund, Outlierz, CDG Invest, Flexport Ventures

## Investors

- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Swiss Founders Fund (https://capitalatlas.ai/funds/swiss-founders-fund) — Seed
- Outlierz (https://capitalatlas.ai/funds/outlierz) — Seed
- CDG Invest — Seed
- Flexport Ventures (https://capitalatlas.ai/funds/flexport-ventures) — Seed