Logidoo, an increasing star in the African logistics and e-commerce sector, has actually happily revealed a substantial increase in its seed financing, protecting $1,550,000.
This financial investment, led by a consortium of investor such as Maroc Numeric Fund II (Morocco), 216 Capital (Tunisia), Gullit VC (Ethiopia), Founders Factory Africa (Nigeria), Sunny Side Venture Partners (Egypt/Japan) and Kalys Ventures (Morocco), marks a turning point for Logidoo.
The financing likewise highlights the marketplace’s self-confidence in its ingenious technique to resolving a vital African difficulty: the reasonably low intra-trade compared to areas like Asia and the EU. By concentrating on “Cross-border” logistics, Logidoo is not simply a logistics service provider however a visionary business making the African Continental Free Trade Area (AFCFTA) vision a concrete truth.
Based in Senegal, Morocco, Ivory Coast, and Tunisia, Logidoo is a detailed digital platform that covers the whole logistics worth chain. By incorporating gamers from both the official and casual sectors, Logidoo ensures substantial market protection, incorporating whatever from transport to money management.
Logidoo has actually developed itself as a “Cross-border end-to-end 5PL” supplier, a term that encapsulates its innovative method and sets it apart in the logistics sector. This tagline shows our dedication to providing extensive, cross-border logistics options incomparable in the market.”
Logidoo has actually shown impressive traction and functional effectiveness. To date, the business has actually aggregated over 3,000 logistics providers, finished more than 100,000 operations, served over 400 customers, and has an existence in 8 nations throughout the continent. Accomplishing EBITDA favorable status considering that January 2023 more highlights Logidoo’s monetary health and organization acumen, identifying it from other cash-burning logistics start-ups.
In 2023, Logidoo started an enthusiastic growth strategy, extending its franchise network to 5 African nations. This technique, supported by the most current financing, intends to strengthen Logidoo’s footprint throughout the continent. Contributing to this momentum is presenting skilled executives to the group, consisting of crucial positions like CFO and COO, improving the executive management.
The creator, Tamsir Ousmane Traoré, with his substantial background in logistics, consisting of mentor logistics and functioning as the Chairman of the logistics commission within the Senegal Private Sector Association, boasting 10 years of market competence, and Mohamed Alaoui, a 3PL and carrier expert with over 20 years of experience in Morocco and the sub-region, embody the ideal Founder-Market Fit, more instilling self-confidence in our instructions and technique.