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...
IFC and MIGA Back Morocco’s Tanger Med Port Expansion with $433 Million Sustainability-Linked Financing
The International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), both part of the World Bank Group, have joined forces with Morocco’s Tanger Med Port Complex in a significant expansion project for its truck and passenger terminal.
Adenia Secures $180 Million First Close for SME-Focused Africa Fund
Africa-focused private equity firm Adenia Partners has secured $180 million at the first close of its Adenia Entrepreneurial Fund I (AEF), hitting its maximum fundraising limit in under a year.
Norfund makes the first two landmark direct investments in plastic recycling in Africa in Nigeria and Ghana
Norfund, the Norwegian Investment Fund for Developing Countries, has announced its first-ever direct investments in plastic recycling initiatives in Africa