GoMetro, a South African logistics startup, has raised a seed extension round of US$1 million to expedite its growth, strengthen its commercial team, and aggressively expand into the South African, UK, and American markets.
Kalon Venture Partners, Hlayisani Capital, Tritech Global, 4Decades Capital, and E Squared Investments also participated in the investment round.
GoMetro is a mobility management platform that helps public transportation and logistics companies improve operational efficiency, future-proof their services, and stay competitive.
“Operators can save up to 30% in operating costs by increasing total vehicle utilization, limiting excess mileage, and minimizing back-office expenditures by adopting our mobility management platform and digitizing their whole fleet.” Our customers have also increased the confidence and precision of their delivery windows by 50%,” stated Justin Coetzee, CEO of GoMetro.
Clive Butkow, CEO of Kalon Venture Partners, expressed his delight at the prospect of investing in a company that is growing both locally and globally.
“The amazing GoMetro team, as well as the unique digitization of transportation operations to better manage mobility, drove Kalon’s investment.” “The GoMetro fleet interacts with logistics providers’ existing telematics investment, providing accurate route planning and on-time warnings while saving them money in back-office expenditures and contract performance,” he said.
The funds will be utilized to make important hiring and to continue to invest in the company’s cutting-edge technology platform, product engineering, and development.
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