Kenya's Leta Raises $5m to Scale Ai-Powered Logistics Platform

Kenya's Leta Raises $5m to Scale Ai-Powered Logistics Platform

TLDR

Google, Speedinvest back Kenya’s Leta, which uses AI to make logistics cheaper

African businesses pay up to four times the global average to transport goods. Nairobi-based logistics SaaS provider Leta wants to change that.

Google-backed Leta Secures $5M To Move Goods Faster in Africa

Kenyan Leta has raised $5 million to help businesses move goods cheaper and faster across Africa. European VC firm Speedinvest led the seed funding round, which was supported by Google’s Africa Investment Fund and Equator, an Africa-focused climate tech fund.  The new funding will be used to scale its solution and to double revenue in the coming months as it expands into more countries across Africa. How Leta’s Platform Work African businesses s…

Kenya's Leta raises $5M to enhance AI-driven logistics across Africa

Leta, a Kenyan logistics startup, has raised $5 million in seed funding to enhance its AI-driven platform that aims to make the transportation of goods more cost-effective and efficient across Africa.

Leta, a Kenyan start-up specializing in logistics technology, managed to raise 648 million Kenyan shillings (US$ 5 million) in finance

Kenyan Logistics Startup Leta Raises USD 5 M Seed To Expand AI System

Nairobi-based logistics startup Leta, founded in 2021 by Nick Joshi, has raised USD 5 M in seed funding to expand its AI-powered platform, which helps businesses optimise delivery routes, track shipments in real-time, and streamline logistics costs. The round was led by Speedinvest, with backing from Google’s Africa Investment Fund and climate-tech fund Equator. Leta addresses Africa’s high transportation costs, where logistics can make up 75% o…