Logidou, The company, a rising star in Africa's logistics and e-commerce space, proudly announced a significant increase in seed funding, securing $1.55 million. The investment was made by a consortium of venture capitalists including Maroc Numeric Fund II (Morocco), 216 Capital (Tunisia), Gullit VC (Ethiopia), Founders Factory Africa (Nigeria), Sunny Side Venture Partners (Egypt/Japan), and Kalys. I am leading. Ventures (Morocco) highlights his Logidoo's unique position in transforming the logistics landscape across Africa.
This funding round is a milestone for Logidoo and highlights the market's confidence in its innovative approach to addressing Africa's key challenge of relatively low internal trade compared to regions such as Asia and the EU. I made it. With its focus on 'cross-border' logistics, Logidoo is more than just a logistics provider, it is a visionary company that is making the vision of the African Continental Free Trade Area (AFCFTA) a tangible reality.
Unique value proposition
Logidoo has positioned itself as a “cross-border, end-to-end 5PL” provider. This term encapsulates the company's innovative approach and sets it apart from others in the logistics field. This tagline reflects our commitment to providing comprehensive cross-border logistics solutions that are unmatched on the market. ”
Traction and operating efficiency
Logidoo demonstrated significant traction and operational efficiency. To date, the company has aggregated more than 3,000 logistics suppliers, completed more than 100,000 operations, served more than 400 customers, and is present in eight countries on the continent. Masu. Achieving positive EBITDA status since January 2023 further demonstrates Logidoo's financial health and business acumen, setting it apart from other cash-burning logistics startups.
Strategic expansion and leadership strengthening
In 2023, Logidoo embarked on an ambitious expansion plan, expanding its franchise network to five African countries. The strategy, supported by the latest funding, aims to strengthen Logidoo's footprint across the continent. Adding to this momentum is the addition of experienced executives to the team, including key roles such as CFO and COO, strengthening executive leadership.
Founder Tamsir Ousmane Traoré has an extensive background in the logistics sector, with 10 years of expertise in logistics, including leadership in logistics and chairing the logistics committee within the Senegalese Private Sector Association. and courier specialist Mohamed Alaoui, whose more than 20 years of experience in Morocco and its sub-regions represents a perfect fit between the founders and the market, giving further confidence in the company's direction and strategy. Masu.
About Logidoo
Based in Senegal, Morocco, Ivory Coast, and Tunisia, Logidou is revolutionizing Africa's logistics industry with a comprehensive digital platform that covers the entire logistics value chain. By integrating players from both the formal and informal sectors, Logidoo ensures extensive market coverage covering everything from transportation to money management.
I'm looking forward to
Logidoo would like to thank its previous investors (UM6P Ventures, Haské Ventures, Launch Africa, Rachid Salik) and new investors to significantly increase the volume of transactions between various logistics institutions, thereby increasing the We aim to become an essential platform for the development of trade. The hallway has been expanded.
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