{"id":76781,"date":"2024-02-15T00:00:00","date_gmt":"2024-02-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/02\/15\/african-logistics-startup-closes-usd-1-5-mn-seed-funding-round\/"},"modified":"2024-02-15T00:00:00","modified_gmt":"2024-02-15T00:00:00","slug":"african-logistics-startup-closes-usd-1-5-mn-seed-funding-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/02\/15\/african-logistics-startup-closes-usd-1-5-mn-seed-funding-round\/","title":{"rendered":"African logistics startup closes USD 1.5 mn seed funding round"},"content":{"rendered":"

<\/strong>African l<\/strong>ogistics start-up <\/strong>Logidoo<\/a><\/strong> has raised USD 1.5 mn in a seed-funding round<\/strong>, according to a press release<\/a>. The round was led by a consortium of regional and African investment funds including Morocco\u2019s Maroc Numeric Fund II<\/a>, Tunisia\u2019s 216 Capital<\/a>, Kenya\u2019s Gullit VC<\/a>, Nigeria\u2019s Founders Factory Africa<\/a>, Egypt and Japan's Sunny Side Venture Partners<\/a>, and Morocco\u2019s Kalys Ventures. <\/p>\n

Where will the funds go?<\/strong> Logidoo will apply the funds to support its expansion strategy and establish franchises in five new African markets, namely Congo, Gambia, Guinea Conakry, Mali, and Mauritania, as part of a drive to facilitate exchanges and links within Africa\u2019s mobility sector, the statement said. <\/p>\n

Logidoo is also expanding its presence in MENA: <\/strong>Logidoo recently kicked off operations through a new subsidiary in Tunisia, expanding via its base in Casablanca, Morocco, Tunisian news outlet Challenge<\/a> reported last week. Tunisia\u2019s strategic location as a bridge between Africa and Europe, developed port and transport infrastructure, government incentives, and competitively-priced skilled labor motivated Logidoo\u2019s choice to set up shop in Tunisia, Logidoo\u2019s founder and CEO Tamsir Ousmane Traor\u00e9 told the news outlet. Despite complexities posed by the country\u2019s regulatory framework, Logidoo hopes to leverage local partnership to sidestep those challenges, Traor\u00e9 added. <\/p>\n

About Logidoo: <\/strong>Founded in 2020 by Senegalese logistics expert Tamsir Ousmane Traor\u00e9 (LinkedIn<\/a>) and 3PL (Third-Party Logistics) specialist Mohamed Alaoui, the startup describes itself as a \u201ccross-border end-to-end 5PL,\u201d and is based in Senegal, Morocco, Ivory Coast, and Tunisia. Logidoo has some 3k logistics providers on its roster and has completed upwards of 100k transactions with some 400 clients across 8 African countries. The startup looks to boost intra-African trade and cross-border logistics by establishing trade corridors that bridge the USD 130 to 170 bn infrastructure gap in the continent, the statement said. <\/p>\n","protected":false},"excerpt":{"rendered":"

Logidoo has recently expanded to Tunisia.<\/p>\n","protected":false},"author":1,"featured_media":76782,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[172],"tags":[150,171,259,124,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-morocco","tag-startup-watch","tag-startups","tag-supply-chains","tag-trade","wpautop","entry"],"acf":{"mongo_id":"2fd24c0c-b367-40ce-944c-b993537b0b40","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1262.jpg","photo_position":"above","homepage_title":"","full_issue_title":"African logistics startup closes USD 1.5 mn seed funding round","related_issue":[76771],"teaser":"Logidoo has recently expanded to Tunisia.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.9371db69-e678-472c-986a-e510f8a6d55c.mp3"},"yoast_head":"\nAfrican logistics startup closes USD 1.5 mn seed funding round - 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