African Logistics Company Lori Systems Raises Pre-Series B Funding from Google

Lori Systems, an African digital logistics company, recently secured an undisclosed amount of investment from Google, Google’s third such investment on the continent. The two companies Google previously invested in as part of its $50 million Africa Investment Fund are SafeBoda and Carry1st.

The fund was launched by Google CEO Sundar Pichai in October 2021 and was created to “support the continent’s digital transformation” as part of the US technology giant’s larger $1 billion investment. technology in Africa over a period of 5 years. This investment by Lori follows the opening of Google’s first product development center on the continent in Nairobi, Kenya, the city where Lori Systems was first established.

Speaking about the undisclosed investment, Google’s Managing Director for Sub-Saharan Africa, Nitin Gajria, said: “At Google, we understand the transformative power that digitization can bring to the African continent. There is so much potential in the region, but it is only through innovation that it can be fully exploited. Lori Systems is a great example of how technology can be scalable across Africa and how, in turn, this can lead to significant economic development. We are excited to see where the future takes a company like this. »

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