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.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Sahel Capital has provided a $400,000 working capital loan to MM LEKKER through its Social Enterprise Fund for Agriculture in Africa (SEFAA), aiming to strengthen agricultural trade and smallholder farmer support in Benin.
Digital Africa, a leading venture capital firm, has announced strategic investments in four innovative startups across Africa, demonstrating its commitment to empowering tech solutions tailored to the continent’s economic landscape.
Quro Medical, a pioneering leader in innovative healthcare solutions, has secured a $1.3 million investment from the Mineworkers Investment Company (MIC)