Founded in 2021, the start-up Cloudfret raises one million euros from investors Plug and Play, PRC Ventures ICAV, Azur Innovation Fund, AfriMobility, and business angel Khalid Zitouni; bringing its current valuation to 20 million euros. The launch of this freight transport platform was born from the observation that many trucks travel empty kilometers. “That is to say kilometers during which the truck has no load and, as a result, the driver is not paid and pays his fuel bill”, explains Driss Jabar, founder of Cloudfret. His young company thus proposes to optimize the trucks which run empty between Europe and Africa thanks to a digital platform which allows carriers on the one hand to declare their empty trucks, and on the other, to consult the offers available. The same principle of carpooling as Blablacar in short. “This fundraising testifies to the confidence placed in the Cloudfret team and the potential of our market. Cloudfret posts three-digit growth: the turnover achieved in the 1st quarter of 2022 is equal to that of the 2021 financial year”welcomes Driss Jabar.
Objective 10,000 active trucks in 2022
Cloudfret has already won 58 regular freight customers on the European and African markets (France, Italy, Spain, Portugal, Morocco and Senegal), and mobilized 4,000 trucks in 2021. Its founder wants to use the fundraising to triple the number employees and reach 10,000 active trucks in 2022. This investment will also be used for the arrival of new loyalty services: “Our fieldwork allows us to launch today a B2B SaaS Marketplace that offers the best transport tenders and a wider range of services: FastPay payment following delivery, Fuel card with discount and deferred payment and goods insurance at best market price »declares Driss Jabar, who takes the opportunity to announce that “other large-scale investment offers are in the closing phase”.
