Lori Systems is a freight management platform and a marketplace that connects transporters & shippers. Through its proprietary software, the company also handles invoicing, payment and tracking and hence optimizes truck utilization to bring down costs and time invloved in moving cargo It works with fleets in Rwanda, Uganda, South Sudan, apart from Kenya. The company claims of 30% month-over-month compounded growth since May 2017.
|Month/Year||Amount||Round Type||Investors||Lead Investor|
|November 2019||$30 M||Series A||Chinese Investors, Hillhouse Capital, Crystal Stream Capital, EchoVC Partners|
|January 2018||Undisclosed||Seed||FJ Labs|
|June 2017||Undisclosed||Seed||Larix VC|
|No acquisition found related to Lori Systems|