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Lori
Logistics platform that is revolutionizing the cargo-transport value chain in Africa
About Lori
Lori Systems is a pioneering e-logistics platform focused on revolutionizing the cargo transport value chain in frontier markets, particularly in Africa. The company addresses the high relative cost of moving goods in these regions, which can account for up to 75% of a product's cost, compared to just 6% in the United States. Lori Systems serves a diverse range of clients, including transporters and cargo owners, by providing a comprehensive suite of services designed to optimize truck utilization, ensure reliable transport, and offer automatic and accurate invoicing through its proprietary software.
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Operating primarily in Nairobi, Kenya; Mombasa, Kenya; Kampala, Uganda; and Lagos, Nigeria, Lori Systems leverages data to provide management insights and enhanced control, leading to significant cost savings both directly and indirectly. The company's business model revolves around a platform that connects cargo owners with transporters, facilitating efficient logistics operations. Lori Systems generates revenue through transaction fees and value-added services such as fuel financing and access to capital.
Lori Systems has received multiple accolades, including being named a Technology Pioneer by the World Economic Forum in 2020 and winning the AppsAfrica Innovation Awards for Best Mobility Solution in 2019. The company's mission is to drive down the cost of goods in frontier markets by making the logistics space operate more efficiently.
Latest news
Press, funding announcements and product moves mentioning Lori.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBTDebt | Dec 2022 | $2M | — | Undisclosed | — |
| LATE VCOther financing | Aug 2022 | — | — | Alphabet | Google | ↗ |
Growth signals
Latest recorded traffic for Lori is 830 monthly website visits, down 74.1% over the last three months. Lori's team grew 5.2% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Larix
Series A7 investors entered at this stage
FJ Labs
MPGI
Crystal Stream Capital
Hillhouse Capital
EchoVC
Flexport
Endeavor Catalyst
Series B and later2 investors entered at this stage
Imperial Venture Fund
Alphabet | Google
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Lori on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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