Beltone Venture Capital Exits Morocco’s Cathedis With 100% IRR
The exit represents BVC’s first outside Egypt and its third since its launch in 2023. Since then, BVC has concluded four transactions in companies including Bosta, WayUp Sports, SehaTech and ariika.
Beltone Venture Capital (BVC), a wholly owned subsidiary of Beltone Financial Holding, has announced its exit from Cathedis, a Morocco-based last-mile delivery and logistics platform, achieving an internal rate of return (IRR) of 100%.
The exit represents BVC’s first outside Egypt and its third overall since its launch in 2023. Since its inception, Beltone Venture Capital has built a $50 million portfolio of 21 technology-driven companies across key regional sectors, in addition to a $5 million venture debt portfolio.
“We’re not just building apps; we’re building infrastructure to make e-commerce accessible to everyone. Cathedis fits perfectly into this vision of a sovereign, connected, and forward-looking digital Morocco,” explains Omar Alami, Founder and CEO of ORA Technologies.
Beltone Venture Capital is part of Beltone Financial Holding, a financial services group in the MENA region. Since its launch, BVC has concluded four transactions in Bosta, WayUp Sports, SehaTech and ariika.
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