Kenya: Kenyan trucking logistics marketplace Amitruck has raised an undisclosed pre-seed funding round to expand its growing client base in East Africa.
Launched in 2019, Amitruck is a trucking logistics marketplace that seeks to bring trust, transparency, and efficiency to transport. The startup’s platform connects transporters directly with cargo owners via its web or mobile application, avoiding middlemen.
Transporters bid for work on the platform, ensuring competitive prices, while cargo owners have convenient access to a range of competitive offers and can choose a transporter based on price, rating, and experience.
The startup, which completed the Google for Startups Accelerator Africa late last year, has now attracted an undisclosed pre-seed investment from US-based investors Dynamo Ventures and Plug and Play Ventures. Several angel investors from Amitruck’s advisory board with a background in supply chain and logistics have also participated in the deal.
“I look forward to working with Dynamo Ventures and Plug and Play Ventures, who alongside their investment brings a huge amount of experience building and scaling companies and access within the logistics sector,” said Mark Mwangi, founder and chief executive officer (CEO) of Amitruck.