Topship, a Nigerian logistics firm, has raised US$2.5 million in funding to continue building the “Flexport for Africa.”
Topship, which is set to launch in June 2020, enables African businesses to export and import cargo, freight, and parcels to their suppliers, distributors, and consumers anywhere in the globe.
Flexport, the world’s largest digital freight forwarder, Y Combinator, Soma Capital, Starling Ventures, Olive Tree Capital, True Capital, Capital X, and angel investors such as Mercury founder Immad Akhund and Dropbox co-founder Arash Ferdowsi also participated in the funding round.
“We plan to develop quickly while remaining asset-light with this seed money.” “We’re investing in strategic partnerships and product innovation tailored to solve a variety of shipping problems we’ve identified through daily interactions with SMBs, and we’re building proprietary global shipping infrastructure and technology to make imports and exports significantly faster, easier, and more affordable for Africans,” said Moses Enenwali, Topship’s co-founder and CEO.
The funding will help Topship achieve its goal of making shipping in Africa as simple and stress-free as scheduling an Uber ride. The firm has served over 1,000 people in the last quarter and has seen a 50% increase in income month over month.
Read more on Tech Gist Africa:
TopUp Mama, a Kenyan startup, earns $1.7 million in a seed round
CarePoint, a Ghanaian healthcare startup, has raised a $10 million bridge investment
Twiga Foods has made a $10 million investment in Twiga Fresh, its commercial agricultural subsidiary