# TUNL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tunl-pty

- Industry: Logistics & Distribution
- Headquarters: Cape Town, South Africa
- Website: www.tunl.to
- Latest round: Seed (Oct 2, 2024)
- Investors on record: 4

## About

Based in Cape Town, South Africa, and co-founded by Matthew Davey (CEO) and Craig Lowman (COO) in 2020, TUNL Pty Ltd operates as a logistics and shipping company. In December 2023, the firm raised USD 1 million in pre-seed funding led by investors Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels Network. TUNL’s merchants have shipped over 11,000 international parcels in 2023.

The company offers international shipping solutions for unleashing the export potential of the country’s businesses of all sizes, including South African artists, makers, and manufacturers. TUNL's flagship service, TUNL Economy, is a proprietary courier service from South Africa to the United States, offering end-to-end tracking and full insurance at a 50% cost reduction compared to traditional options. The company also helps e-commerce merchants in South Africa to send most of their products to the US, the UK, Europe, and Australia. Additionally, the platform also provides express courier options with renowned global couriers for international shipping.

The company plans to utilize the December 2023 funding for local expansion and growth of its platform.

## Funding rounds

- Seed, Oct 2, 2024 — E4E Africa, 54 Collective, Jozi Angels, Digital Africa Ventures

## Investors

- E4E Africa (https://capitalatlas.ai/funds/e4e-africa) — Seed
- 54 Collective (https://capitalatlas.ai/funds/54-collective) — Seed
- Jozi Angels (https://capitalatlas.ai/funds/jozi-angels) — Seed
- Digital Africa Ventures (https://capitalatlas.ai/funds/digital-africa-ventures) — Seed