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Senegalese logistics company Chargel has secured $2.5 million seed funding for Francophone Africa expansion.
The funding round was led by Logos Ventures, with the participation of Ventures Platform Fund, Foundation Botnar, DFS Labs, and Seedstars. Founded in 2018, Chargel is revolutionizing the trucking industry in Francophone Africa by seamlessly connecting shippers with the perfect transporters at competitive prices and managing everything from payments to fuel and insurance.
As part of its mission to simplify the logistics landscape, the innovative startup is creating the biggest trucking network in Senegal. This move is aimed at empowering shippers to find reliable transporters while helping transporters increase their operations’ efficiency by maximizing truck capacity

Nucleon Security, a cybersecurity firm founded in 2019, has successfully secured €3 million (about US$3.5 million) in seed‐stage funding.

FSD Africa has unveiled a US$30 million venture fund, the Inclusive Insurtech Investment Fund (3iF), aimed at inviting more private capital into the continent’s insurtech industry.

RemotePass, a leading UAE-based platform for managing remote workforces, has secured $5.5 million in Series A funding to expand to Africa.