Wednesday, April 22, 2026Global tech, startups & capital — covered for Africans.
CloudFret operates a smart app connecting shippers to carriers between Europe and Africa, aiming to eliminate empty truck returns. It incorporates artificial intelligence to detect empty cargo vehicles, directing them to available goods for transportation. Founded in Morocco by Driss Jabar, CloudFret raised $2.1 million from AfriMobility and Azur Innovation Fund. In an earlier funding round, Cloudfret raised $1 million from Plug and Play, PRC Ventures ICAV, Azur Innovation Fund, AfriMobility, and angel investor Khalid Zitouni.
| Date | Round | Amount | Lead |
|---|---|---|---|
| Nov 13, 2023 | $2.1M | — | |
| May 28, 2022 | $1.0M | — |
