New Investments
Chargel raises $2.5m seed funding to revolutionize logistics in Francophone Africa
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
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
South African VC firm REdimension Capital raises more than $10 million to support proptech startups in Africa
South African venture capital firm, REdimension Capital, has secured over $10 million for its inaugural fund, the REdimension Real Estate Technology and Sustainability Fund I.
MNT-Halan Raises $157.5 Million Months After Becoming Egypt’s First Unicorn
Egyptian fintech company MNT-Halan has successfully raised $157.5 million in new funding to accelerate its expansion beyond its home market.
Algerian Edtech LabLabee Raises $3.4 Million in Seed Funding Led By Reach Capital
Algeria-based edtech startup LabLabee has secured $3.4 million in seed funding to accelerate the adoption of 5G, cloud, and AI technologies in the telecom and industrial sectors.