Freterium closes $4M led by Partech. 1 other thing and a trivia

This line-up of stories will help you discover the latest happenings around the tech world, today.

1. Freterium closes $4M led by Partech

Freterium, a Morocco-based transport management software startup, has closed $4M.

The latest round was led by Partech, with participation from Y Combinator, Flexport, CDG Invest, Swiss Founders Fund, Outlierz Ventures, and other Business Angels from the U.S., Europe, Asia, and Africa.

The startup was launched in Morocco in 2020 by co-founders Mehdi Cherif Alami, CEO, and Omar El Kouhene, CPO.

The startup claims to have experienced rapid growth in 2021, leading to it opening a new office in the UAE to address neighbouring markets in the region.

The startup’s product, a new-generation Transport Management Software, connects shippers with their entire logistics ecosystem to collaborate in real-time, helping reduce time and shipping costs.

While expressing gratitude to investors, Mehdi Cherif Alami noted that the development speaks of its unique model and approach.

“This $4 million funding round is an endorsement of our unique model and approach, our team’s capabilities and the tremendous market opportunity,” he submitted.

Tech Trivia: Web-based journals are also known as what?

A iJournals
B E-notes
C Blogs
D Tweets
Answer: See end of post

READ ALSO: Women-focused initiative, WE4A, to empower 100 female-led startups. 2 other things and a trivia

2. Egypt’s Mazadat launches auctioning platform

Mazadat, an Egyptian startup, has launched an auctioning platform and e-commerce marketplace.

The startup allows people to buy and sell directly with ease.

Mazadat was founded in May 2021 with a mission to help individuals and businesses sell their items and products, used or new using a time-boxed auction, a fixed-price ‘’buy now’’ listing, or a hybrid format.

Ahmed Awny, the startup’s marketing director, noted that the startup was built on a vision to ease trade amongst users.

“Whether you want to sell your old smartphone or buy a new sofa for your home, Mazadat lets you sell or buy directly with ease,” he said.

Adding that: “It also lets you sell for the highest price on the market or bid on your desired items through an online auction with a simple tap.

“At Mazadat, we ensure the safety and security of our customers through our service points network. No more anxious meetings with strangers in public places.”

Trivia Answer: Blog

Short for “Web Log,” this term refers to a list of journal entries posted on a Web page. Anybody who knows how to create and publish a Web page can publish their own blog.
> Some Web hosts have made it even easier by creating an interface where users can simply type a text entry and hit “publish” to publish their blog.

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