# Lori Systems Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lori-systems

- Industry: Software
- Headquarters: Nairobi, Kenya
- Website: www.lorisystems.com
- Total disclosed funding: $45M
- Latest round: Series A (Nov 8, 2019)
- Investors on record: 10

## About

Lori Systems Corporation, based in Kenya, operates a technology-driven logistics platform that connects cargo owners with vetted transporters to enhance cargo movement across multiple African countries.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 has participated in 8 deals, with its most recent funding round occurring on April 21, 2025, where it raised USD 2.000 mn with lead investor Delta40 Venture Studio. The total amount raised to date is USD 2.000 mn, valuing the company at USD 5.000 mn.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. The company primarily operates in Nigeria, Uganda, and Kenya, extending its services to 12 African countries, and caters to a diverse clientele including leading industrial companies that rely on full truck loads for their supply chain needs.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. This efficient transactional model fosters trust and reliability and supports the company’s growth and expansion objectives within the logistics sector in Africa.In April 2025, Lori Systems Corporation raised USD 2.000 mn in venture funding led by returning investor Delta40 Venture Studio, with participation from new investors Future Africa and FP Capital. The company will use the funding to accelerate its growth, which includes the launch of new products aimed at enhancing its logistics offerings. Additionally, Lori Systems is planning to expand its operations into more African markets to increase its service reach and improve operational capabilities.

## Funding rounds

- Series A, Nov 8, 2019, $39M — Hillhouse Investment, EchoVC Partners, Endeavor Catalyst, Crystal Stream, Apoletto, Raba, 9Yards Capital, Timon Capital
- Seed, Jan 4, 2018, $6.2M — FJ Labs, MPGI

## Investors

- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed
- MPGI — Seed
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series A
- EchoVC Partners (https://capitalatlas.ai/funds/echovc-partners) — Series A
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series A
- Crystal Stream (https://capitalatlas.ai/funds/crystal-stream) — Series A
- Apoletto — Series A
- Raba (https://capitalatlas.ai/funds/raba) — Series A
- 9Yards Capital (https://capitalatlas.ai/funds/9yards-capital) — Series A
- Timon Capital (https://capitalatlas.ai/funds/timon-capital) — Series A