INSUBCONTINENT EXCLUSIVE:
African on-demand trucking logistics company Lori Systems has raised a Series A round led by Chinese investors Hillhouse Capital and Crystal
Stream Capital.Other participating investors included Nigeria and U.S.-based EchoVC, Flexport CEO Ryan Petersen and Nigerian founder
Iyinoluwa Aboyeji.Lori Systems is not disclosing the amount of the Series A
clarification to initial reporting in a Medium post
2016, the company provides mobile-based on-demand trucking logistics services through an Uber -like network of drivers and merchant partners
Lori Systems has operations in East Africa in Kenya and Uganda.The company expanded to Nigeria in September 2019, where it faces a
Ogboi from EchoVC to become its CFO and former Quona Capital associate Efayomi Carr.Lori Systems won Startup Battlefield Africa in 2017.
