Nairobi-based logistics platform raises $5m, led by Speedinvest
Leta has built a supply chain and logistics operating system.
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Leta, a Nairobi-based company that has built a supply chain and logistics operating system, has raised $5 million in seed funding, led by Speedinvest with participation from Google’s Africa Investment Fund and Equator.
Founded by Nick Joshi, Kip Maritim and Anthony Ketter, Leta optimises delivery routes, provides real-time tracking, and cuts transport costs for businesses in Africa.
Deepali Nangia, a partner at Speedinvest said: “The Leta team brings together a five-member strong, diverse, and experienced leadership team building in logistics, a space that serves as the backbone in emerging markets. However, transport costs, unless optimised, can get as high as 70% of COGS. Through their software, Leta has been able to drive strong operational efficiencies for many of Africa's top FMCG brands. We are excited about the opportunity of using logistics as a gateway and fintech as a growth lever as the Leta team continues to unlock this potential for many other African businesses.”
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