Lori Systems Corporation
Latest round
- Series A
Last raised
- Nov 2019
Total raised
- $45M
Investors
- 10
About Lori Systems Corporation
Founded in 2016, Lori Systems Corporation is a logistics company that facilitates cargo transportation through a digital platform. The firm is headquartered in Nairobi, Kenya. The founders, Gichini Ngaruiya and Jean-Claude Homawoo, have experience in building technology-based solutions.Lori Systems offers a robust platform that connects cargo owners with vetted transporters to facilitate efficient cargo movement across various African countries. The core service is a technology-driven logistics solution that ensures reliable transportation of goods, optimized rates, and cargo safety through a network of over 20,000 trucks. Lori's platform is designed to streamline the shipping process, allowing users to create accounts, provide necessary documentation, fund their wallets, submit shipping orders, and manage shipments seamlessly.Lori Systems engages in a transaction structure that involves B2B interactions between cargo owners and transporters facilitated through its platform. Customers utilize the platform to book transport services that are matched with suitable transport partners based on specific cargo requirements such as truck type and destination. The fees associated with these services are structured around the transport rates negotiated within the platform, designed to be competitive and cost-effective for shippers. As shipments are executed, payment is securely managed through the platform, ensuring that transporters receive timely compensation upon successful delivery confirmation. Additionally, Lori Systems is planning to expand its operations into more African markets to increase its service reach and improve operational capabilities.
Who invested in Lori Systems Corporation
10 investors across 2 rounds
See all investors in Lori Systems Corporation
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Lori Systems Corporation
Who invested in Lori Systems Corporation?
Lori Systems Corporation has 10 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Lori Systems Corporation raised?
Lori Systems Corporation has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Lori Systems Corporation last raise money?
Lori Systems Corporation's most recent round on record is a Series A, in Nov 2019.
What does Lori Systems Corporation do?
Founded in 2016, Lori Systems Corporation is a logistics company that facilitates cargo transportation through a digital platform.
Where is Lori Systems Corporation headquartered?
Lori Systems Corporation is headquartered in Nairobi, Kenya.
Which VCs invest in companies like Lori Systems Corporation?
Among active investors with capital left to deploy, WestBridge Capital Partners, Ventures Platform, Norrsken22 and 4DX Ventures back software companies at Lori Systems Corporation's stage. Their profiles are linked below.
VCs backing software startups at Series A
Raising like Lori Systems Corporation? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.