Lori (Logistics) — Funding, Investors & Signals 2026

Lori

Powering African Logistics

Founded 2016 Kenya

Nairobi, Kenya 217 employees Debt Financing Total: $40.23M Logistics, Transportation

Lori is a venture-backed start-up that is revolutionizing the logistics infrastructure for trucking in Africa. The company's mission is encapsulated in its slogan, "Powering African Logistics." With a focus on addressing the substantial issue of high haulage costs in Africa, which amount to a staggering $180 billion annually, Lori is making significant strides. It is noteworthy that up to 75% of a product's cost is attributed to logistics in Africa, in stark contrast to 6% in the US. Lori's innovative approach involves a tech-enabled and operations-driven marketplace that efficiently connects transport to cargo. By leveraging a supply chain management system, Lori has been successful in bringing about enhanced transparency and substantial improvements in flexibility, reliability, and cost savings – with savings of up to 18%. Since its launch in May 2017, Lori has experienced remarkable growth, with a 30% month-over-month compounded growth rate. The burgeoning market demand for Lori's platform is evidenced by its exponential increase in popularity. To sustain and further fuel this rapid pace of growth, Lori recently sealed a significant funding round from globally leading institutional and strategic investors. Notably, the company secured a landmark $2.00M Debt Financing investment on December 22, 2022. This accomplishment adds to Lori's recognition, as exemplified by its victory in TechCrunch Battlefield Africa. Lori's headquarter is based in Kenya, and the company operates within the Logistics and Transportation industries. With its groundbreaking solutions and impressive financial backing, Lori stands poised to continue its expansion and make a lasting impact on the logistics landscape in Africa.

Funding Stage	Amount	Investors	Lead Investors	Date
Debt Financing	$2.00M	-		22 Dec 2022
Series B	Undisclosed	1	Google	15 Aug 2022
Corporate Round	$500.00K	2	Newtown Partners, Imperial Logistics	02 Nov 2020
Debt Financing	$1.50M	-		19 Aug 2020
Series A	$30.00M	10	EchoVC Partners, Endeavor Catalyst +8	08 Nov 2019
Seed Round	$6.20M	3	FJ Labs, MPGI +1	01 Dec 2017
Pre Seed Round	$25.00K	2	Liquid 2 Ventures, Larix	01 Jun 2017

Funding Stage

Amount

Investors

Lead Investors

Date

Debt Financing

$2.00M

22 Dec 2022

Series B

Undisclosed

Google

15 Aug 2022

Corporate Round

$500.00K

Newtown Partners, Imperial Logistics

02 Nov 2020

Debt Financing

$1.50M

19 Aug 2020

Series A

$30.00M

EchoVC Partners, Endeavor Catalyst +8

08 Nov 2019

Seed Round

$6.20M

FJ Labs, MPGI +1

01 Dec 2017

Pre Seed Round

$25.00K

Liquid 2 Ventures, Larix

01 Jun 2017

FAQ About Lori

Powering African Logistics

Lori was founded in 2016.

Lori is headquartered in Nairobi, Kenya.

Lori operates in Logistics and Transportation. Its work centres on Logistics Infrastructure, Tech-Enabled Marketplace, Operations-Driven and Cost Savings. Its customers include cargo owners, shippers and transporters.

Lori has approximately 217 employees.

Lori has completed 7 funding rounds, raising a total of $40.23M. The latest funding stage is Debt Financing.

Lori offers: cargo matching platform, truck optimization, transport rates, cargo safety, reliable transport solutions.

Top alternatives and competitors to Lori include Optimalogistic, Fleeting, MUVR Technology Private Limited, Amitruck , Palmo. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Lori and Optimalogistic are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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