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Senegalese logistics marketplace Logidoo raises $1.5 million in funding.

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Logidoo, a Senegalese logistics marketplace platform, has secured a substantial funding of US$1.5 million to bolster its strategic growth initiatives.

Founders Factory Africa, Sunny Side Venture Partners, 216 Capital, Maroc Numeric Fund II, Gullit VC, and Kalys Ventures were key participants in the funding round.

Established in 2020 by Tamsir Ousmane Traoré, Logidoo presents a comprehensive solution that caters to all aspects of the logistics value chain. It ensures extensive market reach by uniting players from both formal and informal sectors, encompassing services from cash management to transportation.

Logidoo stands out with its groundbreaking approach to tackling logistics challenges. Backed by a strong vision and deep industry knowledge, the company is primed for remarkable success. “Our investment underscores our belief in Logidoo’s capacity to transform the logistics landscape by delivering efficient solutions to address the ever-changing market demands,” remarked Hassen Arfaoui, principal investment manager at 216 Capital.

The company has established a strong presence in Senegal, Morocco, the Ivory Coast, and Tunisia. With a track record of over 100,000 successful transactions, onboarding more than 3,000 logistics suppliers, and serving over 400 clients, it has solidified its position as a key player in the industry.

Thanks to the recent funding, Logidoo is poised to execute its ambitious expansion strategy and broaden its franchise network across Mauritania, Guinea Conakry, Mali, and the Congo.

 

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The post Senegalese logistics marketplace Logidoo raises $1.5 million in funding. appeared first on Tech In Africa.

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