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We realized that there were so many inefficiencies, and that the logistics sector in Senegal was so fragmented, but we felt that technology could help. In its next phase of growth, it is opening up its platform to more clients, as it had limited access to 10 companies. And that is how their logistics tech startup, Chargel , was born.
PAPS , a Senegal-based logistics and delivery company, is filling this gap in its region by offering customers various logistics services. Today the company is announcing that it has raised a $4.5 It’s not the same in Africa, where few third-party infrastructure players exist to provide end-to-end logistics to e-commerce companies.
The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018. . They include Senegal, Ghana, Mali, Nigeria, Ethiopia, Madagascar, Tanzania, Kenya, Rwanda, Uganda, Zambia, Malawi and Mozambique. million farmers.
It has been a hot sector for investors, and today’s news shows they aren’t slowing down in backing these startups just yet as Sokowatch , one of the major players in the space, announced that it has raised $125 million in Series B funding. However, the recent entry into Ivory Coast and Senegal somewhat forced its hand.
Remittances from abroad reached $45 billion in 2021, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries. Startups in Africa raised nearly $5 billion in funding last year but the amount remains meager when compared to the rest of the world. Reports say African startups raised record-smashing $4.3B
Fifteen accelerators from key tech hubs, including Uganda, Egypt, Ghana, South Africa, Senegal, Nigeria, Ivory Coast, Kenya, Rwanda, and Tanzania will participate in the program. We believe that the next phase of this evolution will be led by home-grown accelerators, like the ones joining BAM,” said Dieng.
A year after YouTubers launched a campaign to raise enough money to plant 20 million trees, the campaign is in a critical phase: planting the trees and ensuring their survival. By December, they had surpassed their goal of raising $20 million dollars, enough to plant 20 million trees. Image: Arbor Day Foundation.
Adanian Labs targets idea-phase tech startups, offering them all-round support including capital, advisory and operational backing; building them from the ground up. So, we have a short program to help them raise,” said Kamara. All these startups have raised on average $2 million each in seed funding over the last few months.
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