Logidoo secures $1.55 million in seed funding, positioning itself as a leader in Africa's logistics and e-commerce sectors, with a focus on enhancing cross-border trade.

Target Overview

Logidoo is an emerging leader in the African logistics and e-commerce sector, recently announcing the closing of its seed funding round, raising $1.55 million. This investment was led by a consortium of venture capital firms, including Morocco Numeric Fund II (Morocco), 216 Capital (Tunisia), Gullit VC (Kenya), Founders Factory Africa (South Africa), Sunny Side Venture Partners (Egypt/Japan), and Kalys Ventures (Morocco). This funding underscores Logidoo's unique position in transforming the logistics landscape across Africa.

This funding round is a significant milestone for Logidoo, reflecting market confidence in its innovative approach to addressing a critical challenge in Africa: the low level of intra-African trade compared to regions like Asia and the EU. By focusing on 'cross-border' logistics, Logidoo positions itself not just as a logistics provider, but as a visionary company making the African Continental Free Trade Area (AfCFTA) a tangible reality.

Industry Overview

The logistics industry in Africa is at a crucial juncture, with numerous challenges including inadequate infrastructure, high transportation costs, and regulatory barriers that hinder intra-r