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Lori Systems
Nairobi, Kenya
Freight ServiceLori has built a logistics platform that is revolutionising the cargo-transport value chain in Africa – from the ground up.
Total Funding
0.00 USD
Investor Count
3
Employee Range
101-250
Year Founded
2016
About Lori Systems
Lori is a venture-backed start-up building the cutting-edge logistics infrastructure for trucking in Africa. The start-up is tackling a massive issue - $180 billion is spent annually on haulage across Africa, which means that up to 75% of a product’s cost is due to logistics (compared to 6% in the US). Lori’s tech-enabled and operations-driven marketplace efficiently connects transport to cargo. The supply chain management system brings transparency and has pushed significantly improved flexibility, reliability, and cost savings (savings upwards of 18%). The company has experienced 30% month-over-month compounded growth since product launch in May 2017. The market demand for Lori’s platform is increasing exponentially. To continue this pace of growth, Lori recently closed a landmark raise from globally leading institutional and strategic investors. The company won Techcrunch Battlefield Africa.
Freight Service Transportation
Co-founder & Managing Partner
Nairobi, Kenya
CEO & Co-Founder
Nairobi, Kenya
Technologies In Use
Website Info
Total Amount Raised
$ +5.5%Total Funding Rounds
3.00Investor Count
Latest Round
Seed
Logistics
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Big Data
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Automotive
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FAQs
Some of the Frequently Asked questions about Lori Systems.
Jean-Claude Homawoo, Josh Sandler.
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