Topship, a Nigerian logistic company, has raised US$2.5 Million in funding

Topship, a Nigerian logistics firm, has raised US$2.5 million in funding to continue building the “Flexport for Africa.” 

Topship, which will be launched in June 2020, allows African businesses export and import cargo, freight, or parcels to their distributors, suppliers, and consumers around the globe. 

Flexport, the world’s largest digital freight forwarder, Y Combinator, Soma Capital, Starling Ventures, Olive Tree Capital, True Capital, Capital X, and angel investors such as Mercury founder Immad Akhund and Dropbox co-founder Arash Ferdowsi also participated in the funding round. 

“We plan to develop quickly while remaining asset-light with this seed money.” “We’re investing in strategic partnerships and product innovation tailored to solve a variety of shipping problems we’ve identified through daily interactions with SMBs, and we’re building proprietary global shipping infrastructure and technology to make imports and exports significantly faster, easier, and more affordable for Africans,” said Moses Enenwali, Topship’s co-founder and CEO. 

Topship hopes to make shipping to Africa as simple and as stress-free as ordering an Uber. In the last quarter, Topship has served more than 1,000 customers and seen a 50% increase each month in its income.

Get latest news from African Startup ecosystem

Latest stories

You might also like...