Ivorian digital logistics startup Kamtar have announced it raised $3.5m in a series A funding round as it moves to expand its Pan-Africa operations. Sendy Limited, Mobility 54 Investment SAS and Saviu Ventures all participated in the round.
Kamtar is a major digital logistics startup established in 2018. The startup connects construction companies, consumer goods manufacturers and e-Commerce operators to its logistics operators.
With over 5,000 drivers are registered under their platform, Kamtar enables efficient delivery operations, as well as cost reduction, by eliminating intermediaries and negotiation in terms of delivery services.
Since its establishment, Kamtar has been able to improve the transparency and reliability of delivery services by enabling real-time tracking of delivery status.
Sendy’s investment and partnership with Kamtar is in accordance with its long-term strategy as it aims to leverage its tech expertise and its larger range of services to reinforce Kamtar’s operation and scaling in West Africa.
Through Mobility 54’s participation, Toyota Tsusho/CFAO group is committed to support both Sendy’s Pan-Africa expansion and Kamtar’s product development operationally and financially. The group will also engage in increasing the use of Kamtar/Sendy’s logistics services by leveraging its vast network in French-speaking West Africa in the automotive, consumer goods and retail sectors in order to generate win-win synergies.
Kamtar already operates in Cote d’Ivoire and Senegal, under the management of its CEO Arthur Thuet the startup plans to use the funding to expand into other countries by the end of 2022 under the partnership with Sendy and Mobility 54.