Africa's $180 billion annual haulage spend, which can push product costs up by as much as 75%, has drawn significant investment for Lori. The venture-backed startup, which builds cutting-edge logistics infrastructure for trucking, has closed a $13.0M Series B round.
Lori's tech-enabled marketplace efficiently connects transport to cargo, offering transparency and cost savings upwards of 18%. The company has experienced 30% month-over-month compounded growth since its May 2017 product launch and previously won Techcrunch Battlefield Africa.
