Lori
Lori
Nov 8, 2019 · 1 min read
Image for post
Image for post

8 November, 2019

Earlier today, a press release was issued in Mandarin by a Lori investor in regards to our fundraising activities. Subsequent unofficial translations of the release into English mischaracterized our Series A raise, so we wanted to take the opportunity to clarify. Lori concluded a (to date unannounced) Series A raise for an undisclosed amount. It was led by Hillhouse Capital and Crystal Stream Capital, with participation from partners at DST, EchoVC, Timon Capital, Raba, Ryan Peterson (CEO of Flexport), Iyinoluwa Aboyeji (founder of Flutterwave, Andela) and Endeavor — among others. We are so excited to partner with these incredibly supportive investors, who are joining us on our drive of accelerated growth- all with the intention of revolutionizing logistics across Africa to bring down the costs of goods. We are thankful for their tremendous contributions and look forward to the road ahead!

Onward!

Lori

Lori is a tech-driven logistics company that seamlessly…

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store