Monday
May 2
2022

Oneport 365 Secures $5 Million in Seed Funding to Help Digitise Africa’s Freight Management

By Eberechukwu Etike

OnePort 365 has bagged $5 Million in seed funding to build an operating system for cross-border trade in Africa.

OnePort 365, a digital freight forwarding startup that transports cargo easily to, from, and within Africa, has secured $5 million in seed capital. This is to assist its expansion into new markets throughout the continent and to push end-to-end digitisation of freight management in Africa.

Mobility 54 (the Venture Capital branch of Toyota Tsusho and CFAO Group) led the seed fundraising round. SBI Investment, Flexport, ODX, a Singaporean syndicate fund, and other strategic angel investors. After participating in the previous round, Samurai Incubate re-invested.

Source: TechNext (link opens in a new window)

Categories
Entrepreneurship, Technology
Tags
digitalization, entrepreneurs, funding, startups, supply chain, transportation