# Sote

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sote

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.getsote.com
- Total disclosed funding: $7.3M
- Latest round: Seed (Nov 24, 2021)
- Investors on record: 8

## About

Sote, Inc. is a logistics and technology company providing integrated solutions for supply chain management, enhancing visibility and efficiency for businesses through its proprietary platform.Founded in 2017 in Palo Alto, US, Sote, Inc. specializes in logistics and supply chain solutions. The company was co-founded by Felix Orwa and Scott Yacko. Sote has secured a total of USD 3.75 mn in funding across 4 deals, with the most recent Seed round occurring on November 24, 2021, led by Social Capital, with participation from K50 Ventures, Ribbit Capital, and MaC Venture Capital. As of now, Sote has a current company valuation of USD 15.45 mn.Sote offers an integrated platform that combines logistics, capital, and technology to streamline supply chain management. Their flagship product, Hanan, provides real-time visibility into cargo status and costs, supporting various services such as customs brokerage, air freight, sea freight, rail transportation, warehousing, and distribution. The company aims to improve operational efficiency and transparency for clients across sub-Saharan Africa and beyond, utilizing advanced analytics to help businesses identify cost-saving opportunities.Sote generates revenue through a subscription-based model for its logistics and supply chain solutions. Clients access services such as real-time tracking and customs brokerage via partnerships with Sote. The company focuses on maintaining transparent communication and proactive support to enhance client satisfaction. Revenue is earned as clients utilize the Hanan dashboard for their logistics needs, positioning Sote to capture value from both logistics and financial transactions.In November 2021, Sote, Inc. raised USD 3.75 mn in Seed funding, which will be utilized to expand its offerings into the fintech space. The company plans to enhance its product lineup and launch new functionalities aimed at improving financial transactions within its logistics framework. Sote is also focused on expanding its geographic footprint, particularly targeting new markets in sub-Saharan Africa. The recent funding is designated to support these strategic initiatives, allowing Sote to better serve its growing client base.

## Funding rounds

- Seed, Nov 24, 2021, $3.8M — Social Capital, Ribbit Capital, MaC Venture Capital, Actions Capital
- Seed, Mar 25, 2021 — Cross Culture Ventures, M Ventures, MaC Venture Capital
- Seed, Oct 30, 2020, $3.5M — Forum Ventures, Backstage Capital, MaC Venture Capital

## Investors

- Forum Ventures (https://capitalatlas.ai/funds/forum-ventures) — Seed
- Backstage Capital (https://capitalatlas.ai/funds/backstage-capital) — Seed
- MaC Venture Capital (https://capitalatlas.ai/funds/mac-venture-capital) — Seed
- Cross Culture Ventures (https://capitalatlas.ai/funds/cross-culture-ventures) — Seed
- M Ventures (https://capitalatlas.ai/funds/m-ventures) — Seed
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Seed
- Actions Capital (https://capitalatlas.ai/funds/actions-capital) — Seed