Logidoo Revolutionizes African Logistics with $1.55M Seed Funding
February 20, 2024, 7:38 pm
Logidoo, a rising star in the African logistics and e-commerce sector, has secured a significant boost in seed funding, totaling $1,550,000. This investment, led by a consortium of venture capitalists, underscores Logidoo's unique position in transforming the logistics landscape across Africa.
With a focus on "Cross-border" logistics, Logidoo is not just a logistics provider but a visionary company making the African Continental Free Trade Area (AFCFTA) vision a tangible reality. The company's innovative approach addresses a critical African challenge: the relatively low intra-trade compared to regions like Asia and the EU.
Logidoo has established itself as a "Cross-border end-to-end 5PL" provider, offering comprehensive, unrivaled logistics solutions in the market. The company's traction and operational efficiency are remarkable, with over 3,000 logistics suppliers, 100,000 operations completed, and 400 clients served across 8 countries in Africa.
Achieving EBITDA positive status since January 2023 sets Logidoo apart from other logistics startups, showcasing its financial health and business acumen. The company's strategic expansion plan aims to solidify its footprint across the continent, with the introduction of experienced executives to enhance leadership.
Founders Tamsir Ousmane Traoré and Mohamed Alaoui embody the perfect Founder-Market Fit, instilling confidence in Logidoo's direction and strategy. The company's comprehensive digital platform covers the entire logistics value chain, integrating players from both formal and informal sectors for extensive market coverage.
Expressing gratitude to historical and new investors, Logidoo aims to become the essential platform for the development of inter-African trade, increasing transactional volumes between logistical corridors deployed. Logidoo's $1.55M seed funding marks a significant milestone in revolutionizing African logistics and driving intra-trade growth across the continent.
With a focus on "Cross-border" logistics, Logidoo is not just a logistics provider but a visionary company making the African Continental Free Trade Area (AFCFTA) vision a tangible reality. The company's innovative approach addresses a critical African challenge: the relatively low intra-trade compared to regions like Asia and the EU.
Logidoo has established itself as a "Cross-border end-to-end 5PL" provider, offering comprehensive, unrivaled logistics solutions in the market. The company's traction and operational efficiency are remarkable, with over 3,000 logistics suppliers, 100,000 operations completed, and 400 clients served across 8 countries in Africa.
Achieving EBITDA positive status since January 2023 sets Logidoo apart from other logistics startups, showcasing its financial health and business acumen. The company's strategic expansion plan aims to solidify its footprint across the continent, with the introduction of experienced executives to enhance leadership.
Founders Tamsir Ousmane Traoré and Mohamed Alaoui embody the perfect Founder-Market Fit, instilling confidence in Logidoo's direction and strategy. The company's comprehensive digital platform covers the entire logistics value chain, integrating players from both formal and informal sectors for extensive market coverage.
Expressing gratitude to historical and new investors, Logidoo aims to become the essential platform for the development of inter-African trade, increasing transactional volumes between logistical corridors deployed. Logidoo's $1.55M seed funding marks a significant milestone in revolutionizing African logistics and driving intra-trade growth across the continent.