South Africa: Parcel shipping platform raises $1m
TUNL, a parcel shipping platform that seeks to save e-commerce merchants between 50% to 80% on international shipping costs, has secured $1 million in pre-seed funding.
For the best experience and to access our Connect industry chat platform, download the Africa Private Equity News app: Android | iOS
TUNL, a parcel shipping platform that seeks to save e-commerce merchants between 50% to 80% on international shipping costs, has secured $1 million in pre-seed funding from Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels.
The funding will be used to accelerate the company’s growth in its beachhead market of South Africa and begin building toward launching in other strategic African and emerging markets.
TUNL was founded in 2022 by Matthew Davey and Craig Lowman. The team is driven by the core belief that opening up cross-border trade is the most powerful lever to unlock the huge growth potential of thousands of SMEs in emerging markets, creating sustainable livelihoods and bringing in foreign currency.
* Subscribe to Africa Private Equity News’ monthly Dealmaker’s Log for a database of the reported investment deals, exits and fundraising closes. Click here for more information.