Lori

📍 Nairobi, Kenya🗓 Founded 2016👥 220 employees💰 Last funded May 2024
Transportation, Logistics, Supply Chain and Storage🌐 lorisystems.com
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Lori is a venture-backed start-up building the cutting-edge logistics infrastructure for trucking in Africa. The start-up is tackling a massive issue - $180 billion is spent annually on haulage across Africa, which means that up to 75% of a product’s cost is due to logistics (compared to 6% in the US). Lori’s tech-enabled and operations-driven marketplace efficiently connects transport to cargo. The supply chain management system brings transparency and has pushed significantly improved flexibility, reliability, and cost savings (savings upwards of 18%). The company has experienced 30% month-over-month compounded growth since product launch in May 2017. The market demand for Lori’s platform is increasing exponentially. To continue this pace of growth, Lori recently closed a landmark raise from globally leading institutional and strategic investors. The company won Techcrunch Battlefield Africa.
4
Total investors
3
Early stage
0
Mid stage
1
Late stage
2016
Founded

Investors

4 investors
All
Early stage
Mid stage
Late stage
Investor geography2 countries
United Kingdom
3
Kenya
1
Investor activity2017–2024 · investors recorded per year
201712018220241
Recent (last 2y)Earlier
Frequently asked questions
Who invested in Lori?
Lori has 4 investors on record on gritt.io, including 3 early-stage backers and 1 late-stage investors.
When did Lori last raise funding?
The most recent investment in Lori recorded on gritt.io was in May 2024.
When was Lori founded?
Lori was founded in 2016.
What industry is Lori in?
Lori operates in Transportation, Logistics, Supply Chain and Storage. Find similar Transportation, Logistics, Supply Chain and Storage investors on gritt.io.
Where is Lori based?
Lori is headquartered in Nairobi, Kenya.