Logidoo, a Senegalese logistics marketplace platform, has successfully raised US$1.5 million in funding to support its ambitious expansion plans.
Founders Factory Africa, Sunny Side Venture Partners, 216 Capital, Maroc Numeric Fund II, Gullit VC, and Kalys Ventures were among the investment funds that participated in the funding round.
Founded by Tamsir Ousmane Traoré in 2020, Logidoo offers a complete solution that addresses every step of the logistics value chain. It guarantees broad market coverage by combining participants from the formal and informal sectors, including everything from cash management to transportation.
“Logidoo impresses with its innovative approach to logistics challenges. With a clear vision and sectoral expertise, the company is positioned for exceptional success. Our funding reflects our confidence in Logidoo’s ability to revolutionize logistics, providing effective solutions to the market’s evolving needs,” said Hassen Arfaoui, principal investment manager at 216 Capital.
The firm is already active in Senegal, Morocco, the Ivory Coast, and Tunisia. To date, it has executed over 100,000 transactions, onboarded over 3,000 logistics suppliers, and provided services to over 400 clients.
Thanks to the funding that has been received, Logidoo will be able to carry out its ambitious expansion strategy and expand its franchise network in Mauritania, Guinea Conakry, Mali, and the Congo.
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