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Lori Systems Raises $30M For Pan-African Trucking Expansion
#1 · November 10, 2019, 10:39 AM
Logistics continues its momentum - Lori Systems has picked $30 million from investors as it continues to expand its operations across Africa: "Lori Systems, a pan-African logistics platform has raised about $30 million to bolster its technologies, launch new products for its clientele, build up its business operations as well as it’s executive team across Africa." Congratulations to the Lori team.
African on-demand trucking logistics company Lori Systems has raised a Series A round led by Chinese investors Hillhouse Capital and Crystal Stream Capital.
Other participating investors included Nigeria and U.S.-based EchoVC, Flexport CEO Ryan Petersen and Nigerian founder Iyinoluwa Aboyeji.