Senegalese logistics marketplace platform Logidoo has raised a US$1.5 million round of funding to enable it to enact its ambitious expansion plan.
Founded in 2020 by Tamsir Ousmane Traoré, Logidoo has developed a comprehensive solution covering the entire logistics value chain. By integrating actors from both the formal and informal sectors, it ensures extensive market coverage, encompassing everything from transportation to cash management.
Already operating in Senegal, Morocco, Ivory Coast, and Tunisia, the startup has so far onboarded more than 3,000 logistics providers, completed over 100,000 operations, and served over 400 clients.
Its US$1.5 million funding round featured a consortium of investment funds including Maroc Numeric Fund II, 216 Capital, Gullit VC, Founders Factory Africa, Sunny Side Venture Partners, and Kalys Ventures.
The funds raised will enable Logidoo to enact its ambitious expansion plan, and develop its franchise network in Congo, Gambia, Guinea Conakry, Mali, and Mauritania.
“Logidoo impresses with its innovative approach to logistics challenges. With a clear vision and sectoral expertise, the company is positioned for exceptional success. Our funding reflects our confidence in Logidoo’s ability to revolutionise logistics, providing effective solutions to the market’s evolving needs,” said Hassen Arfaoui, principal investment manager at 216 Capital.
