Series round | CEO Business Africa

On-demand logistics startup Lori Systems secures pre-Series B investment for its expansion plans

August 17, 2022August 17, 2022

KENYA – Lori Systems, an on-demand logistics and trucking startup that digitises haulage and offers shippers options to manage their cargo and transporters, has secured a pre-Series B investment to expand its product lines and turn a profit. Google and other previous investors participated. This new investment is the third from Google’s US$50 Million Africa Investment Fund, which CEO Sundar…

Logistics startup Droppa closes series A round to accelerated business growth

August 16, 2022August 16, 2022

SOUTH AFRICA – Droppa, a logistics startup, has announced that it has closed a Series A funding round led by logistics company SkyNet Worldwide Express. The 2 companies believe the deal, whose amount was not disclosed, will accelerate business growth for both brands and strengthen their existing customer-centric approach. “We are very excited about the investment in Droppa. Following intensive…

B2B ecommerce platform Cartona closes US$12m Series A round to accelerate it expansion

July 26, 2022July 26, 2022

EGYPT – Cartona, an Egyptian B2B ecommerce platform, has closed a US$12 million Series A round led by Silicon Badia, a venture capital firm that invests in global technology entrepreneurs. The seed round saw active participation of the SANAD Fund for MSME, an impact investment fund dedicated to assisting entrepreneurs in the Middle East and North Africa. Arab Bank Accelerator…