Kenyan logistics startup Leta has raised US$5 million in seed funding to enhance its product and expand into other strategic markets across Africa, including Rwanda and Mauritius.
Founded in 2022, Leta helps optimise the movement of goods for businesses to reduce costs and minimise climate impact. Its AI-powered platform optimises delivery routes, enables real-time tracking, and streamlines payments while transforming shipment data into actionable insights.
Since its pre-seed round in 2022, Leta has achieved 5X revenue growth, handled 4.5 million deliveries, delivered 150,000 tonnes of goods, and managed 7,400 vehicles. It has also expanded from Kenya into Uganda, Nigeria, Zambia, and Zimbabwe, helping industry leaders like KFC, EABL, Fargo Courier & Gilani’s to cut costs and boost efficiency.
The startup has now raised a US$5 million seed round, led by Speedinvest with participation from Google’s Africa Investment Fund and Equator VC. Leta plans to use the capital to enhance its product and cement its position as the go-to logistics tech platform for African businesses. It also plans to expand into other strategic markets across Africa, including Rwanda and Mauritius.
“This funding comes at a critical time for us,” said Nick Joshi, founder and CEO of Leta. “Our investors’ backing validates our vision and progress. With this capital, we’re looking to refine our product to empower more businesses with a cost-effective, data-driven supply chain.”
Deepali Nangia, partner at Speedinvest, said Leta’s diverse and experienced leadership team was revolutionising logistics in emerging markets, where transport costs can account for up to 70 per cent of COGS.
“Through innovative software, they have driven operational efficiencies for Africa’s leading FMCG brands. Speedinvest is excited to back them as they leverage logistics as a gateway and fintech as a growth lever, unlocking new opportunities for businesses across the continent,” he said.
