Kenyan tech-enabled logistics platform, Amitruck, has raised $4,000,000 seed funding, bringing its total funds raised to date to $5,000,000.
Amitruck will employ more skills as it strengthens its technical, operations and sales team, preparing to expand into Tanzania and Uganda markets.
The expansion plan comes as Amitruck looks to become the regional go-to platform for shippers and transporters doing in-country and cross-border business.
The seed round was led by Better Tomorrow Ventures (BTV), with the participation of Dynamo Ventures, Rackhouse Venture Capital, Flexport Inc, Knuru Capital, Launch Africa Ventures, Uncovered Fund, and a number of angel investors.
Launched in 2019, as a digital logistics marketplace, Amitruck connects shippers with transporters operating trucks, vans, tuk-tuks (three-wheelers), pick-ups and motorbikes, allowing them to negotiate the rates of haulage. The platform also lets shippers customize services, for example, to add off-loading charges. The platform includes a transporter’s rating and the mean number of trips made, data that helps shippers narrow down their choices. The process begins once both parties reach an agreement.
With adequate insurance, Amitruck connects shippers directly with transporters and provides a platform where you can get secure competitively priced transport
Some of Amitruck’s over 300 B2B customers in Kenya include FMCG firm Unilever, L’Oreal; a beauty company, SkyGarden; an e-commerce platform and Twiga; a fresh produce marketplace. They also work with individual customers, who are, for example, moving houses.
