Morocco-based home services marketplace, PrestaFreedom, has secured MAD11 million ($1.1 million) in funding from the Azur Innovation Fund.
Founded in 2020, PrestaFreedom operates as a platform offering home maintenance services through subscription plans, attracting a loyal customer base of approximately one thousand returning clients.
The recent funding will be directed towards enhancing PrestaFreedom's logistics and technology infrastructure. The company plans to utilize the funds to facilitate operational growth and pursue ambitious expansion strategies across multiple African markets, scheduled to commence in the coming year.
In addition to the investment from the Azur Innovation Fund, PrestaFreedom has previously conducted several funding rounds, contributing to the acceleration of its go-to-market efforts.
As the company strengthens its position in the home services market, the new funds will enable PrestaFreedom to enhance its technological capabilities, optimize its supply chain, and expand its geographical presence in alignment with its ambitious growth plans.