logo
logo
Products 

Kenyan logistics startup Sendy secures $20 mn Series B led by Atlantica Ventures

avatar
Logistics Update Africa
collect
0
collect
0
collect
1
Kenyan logistics startup Sendy secures $20 mn Series B led by Atlantica Ventures

Kenyan company Sendy, an on-demand platform that connects clients to drivers and vehicles for goods delivery, has raised a $20 million Series B led by Atlantica Ventures. Toyota Tsusho Corporation, a trade and investment arm of Japanese automotive company Toyota, also joined the round.

Sendy’s raise comes within six months after Kobo360 raised $20 million Series A backed by Goldman Sachs. In November, Lori Systems hauled in $30 million supported by Chinese investors.

Those companies have plotted Africa expansions into each other’s markets and broader Africa. With its latest round, Sendy ups its competitive stance in the continent’s startup logistics space. The company plans to expand to West Africa in 2020, CEO Mesh Alloys told TechCrunch.

 

https://www.logupdateafrica.com/kenyan-logistics-startup-sendy-secures-20-mn-series-b-led-by-atlantica-ventures

collect
0
collect
0
collect
1
avatar
Logistics Update Africa