Hilhouse Capital Group Lead Series A in Kenyan Logistics Startup Lori Systems

November 12, 2019 9:40 pm

Beijing (PingWest)- Chinese venture capital firm Hilhouse Capital Group and Crystal Stream has led Series A round of funding for African logistic startup Lori System.

Apoletto Asia, Timon Capital, Raba VC, Endeavors Catalyst also participated in this round.

Founded in 2016, Lori Systems is a logistics coordination platform that connects cargo owners to transportation, providing real-time information that can be leveraged to reduce inefficiencies in the transportation of goods.