The start up is tackling a massive issue 180 billion is spent annually on haulage across africa which means that up to 75 of a product s cost is due to logistics compared to 6 in the us. After the 25 000 received from winning the techcrunch battlefield africa last year.
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Founded by chief executive officer ceo josh sandler in 2016 lori systems provides supply chain management solutions to cargo owners ensuring flexibility reliability and cost savings.
Lori systems funding. The imperial venture fund managed by newtown partners a us venture capital firm recently concluded an investment in. That is according to their securities and exchange commission filing in january. Their latest funding was raised on nov 12 2020 from a corporate round round.
Kenya s lori systems secures funding support from imperial. This is the most significant external funding the company has raised. Lori systems a logistics startup has secured funding and support from imperial an african and european focused provider of integrated market access and logistics solutions to expand its product across africa.
Lori s tech enabled and operations driven. Kenyan logistics startup lori systems has secured funding and support from imperial an african and european focused provider of integrated market access and logistics solutions to expand its product across africa. Lori systems is funded by 14 investors.
Lori systems a nairobi based logistics company raised 6 170 000 in funding this year. Founded in 2016 lori systems provides supply chain management solutions to cargo owners ensuring flexibility reliability and cost savings. One of kenya s emergent logistics startup lori systems which provides supply chain management solutions to cargo owners ensuring flexibility reliability and cost savings has secured funding and support from imperial an african and european focused provider of integrated market access.
Newtown partners and crystal stream capital are the most recent investors. A recent financial times piece pegged lori s total funding raise at 20 million. Founded in 2016 lori systems provides supply chain management solutions to cargo owners ensuring flexibility reliability and cost.
2 minutes imperial an african and european focused provider of integrated market access and logistics solutions has announced an investment in and partnership with lori systems to expand its cutting edge e logistics technology solutions across africa. Lori is a venture backed start up building the cutting edge logistics infrastructure for trucking in africa. Kenyan on demand trucking logistics startup lori systems has raised an undisclosed series a funding round as it looks to accelerate its growth.
Lori systems has raised a total of 37 7m in funding over 5 rounds. In an sec form d filing in june lori systems issued 29 million in equity though details weren t given to. Lori systems says the investment from imperial venture fund managed by newtown partners will help support its growth in east and west africa while the deal with imperial the logistics firm in the southern african development community sadc region will help digitize africa s road freight industry.
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