New Investments

ARC Investments Backs South African Freight Platform Linebooker With $3.5 Million Funding

South African freight platform Linebooker has secured $3.5 million (R67 million) in investment from ARC Investments, a leading African investment firm.
 
 

The investment will be used to support Linebooker’s rapid growth strategy, which aims to improve its technological and operational capabilities to serve its customers more effectively, particularly in the areas of working with transportation providers and handling larger transport volumes.

ARC Investments has been a partner of Linebooker since 2017, and its latest capital injection takes its stake in the company to just over 70%.

The decision by ARC to increase its investment in Linebooker is supported by a number of important factors, including the enormous potential of the South African transportation sector.

Founded in 2017, Linebooker is an online freight platform that connects customers in need of transporting large goods with trucks and other transportation services.

South Africa is one of the largest economies in Africa, and its transportation sector is essential for its economic growth.

However, the sector is also highly fragmented and inefficient, presenting a significant opportunity for companies like Linebooker to streamline and digitize the freight booking process.

Related Articles

Register Now

Empower Africa Times Newsletter

Share :

“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.

You may also like...