This investment, led by a renowned consortium of venture capitalists, including 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).

The new funding validates Logidoo’s unique approach to transforming the African logistics landscape and its potential to unlock the continent’s trade potential.

The funding underscores the market’s confidence in Logidoo’s mission to tackle the critical challenge of low intra-African trade compared to other regions.

By focusing on “Cross-border” logistics, Logidoo goes beyond mere service provision; it acts as a visionary force in turning the African Continental Free Trade Area (AFCFTA) vision into a tangible reality.

Logidoo has established itself as a “Cross-border end-to-end 5PL” provider, a unique approach that sets it apart in the industry.

This tagline reflects their commitment to offering comprehensive, market-leading solutions for seamless cross-border logistics.

In 2023, Logidoo embarked on an ambitious expansion plan, extending its franchise network to 5 African countries.

This strategy, fueled by the new funding, aims to solidify their continental footprint.

This latest funding will accelerate the company’s expansion within Kenya, aiming to further improve healthcare access for the general public.

The funding round was led by DOB Equity with a $2.5 million equity investment, joined by the Philips Foundation and existing investors like AAIC Investment, Angaza Capital, Black Pearl Investments, and Perivoli Innovations.

An additional $1.7 million in debt financing was secured from Alphamundi, Kiva Capital, and Boehringer Ingelheim.

Founded in 2019 by Emilian Popa, Maximilian Mancini, and Sameer Afzal Farooq, Ilara Health initially focused on providing diagnostic equipment to private clinics, addressing affordability and accessibility concerns.

Since then, the company has expanded its offerings to include pharmaceutical products and other medical supplies, enabling clinics to operate with well-stocked inventories and deliver high-quality primary care.

With this new funding, Ilara Health plans to launch a B2B health and occupational service.

This initiative will offer uninsured workers access to essential healthcare services at partner clinics for a fixed monthly fee, significantly expanding healthcare options for this segment of the population.

“This fundraising allows us to take another significant step towards our mission of making quality healthcare accessible and affordable for everyone,” said Ilara Health CEO Emilian Popa.

“By providing private clinics with the tools and resources they need, and by launching our B2B health service, we can address critical gaps in the healthcare system and reach even more patients.”

Currently, Ilara Health serves over 3,000 private clinics across Kenya, focusing on facilities located in residential areas where access to healthcare is convenient but often costlier than public options.

Recognizing the limitations of public healthcare, including potential disruptions due to equipment issues, Ilara Health partners with various manufacturers like Butterfly Network to offer affordable diagnostic tools like portable ultrasound devices.

The investment, led by Ghanaian-Dutch footballer Jeremie Frimpong, aims to bridge the gap between talented tech professionals and the growing demand for remote workers.

Founded by Samuel Brooksworth, Remoteli leverages AI-powered software to match organizations with qualified African tech individuals.

“It all started with the need to connect talented graduates with opportunities amidst the pandemic,” explains Brooksworth. “Remoteli empowers both, fostering growth for companies and careers for individuals.”

The funding will fuel Remoteli’s ambitious goal of providing employment for one million people by 2030.

This latest investment highlights a growing trend of athletes entering the tech space. Frimpong’s involvement extends beyond finance, with the collaboration including the “Pathways Project” to support young footballers with career transitions beyond the pitch.

Remoteli has already made a mark, directly hiring over 100 individuals and supporting over 100 clients.