Senegal’s logistics tech startup Chargel has raised $2.5M seed funding for expansion.
The funding round was led by Logos Ventures including Ventures Platform, Foundation Botnar, DFS Labs and Seedstars .The round also included $500,000 debt and $750,000 it announced last year.
Founded by Senegalese brothers Moustapha and Alioune Ndoye Chargel matches shippers with transporters, digitizing processes that were previously largely offline. The startup which came out of stealth last year is speedly taking off to be among the world’s largest shipping companies.
“This year we are opening up the platform to more shippers in Senegal. We are also looking at expansion to one other Francophone African country,” said Moustapha.
Chargel transporters, operating out of Senegal, does deliveries to neighboring countries such as Mali, Guinea and Mauritania. Establishing full operations in an additional country will increase their regional coverage, and…
