This Thread is to inform you guys that you can join the leagues of young successful Nigerians who would be controlling the country's economy in few years from now. Instead of blaming your government for everything, sit down and think of what you can do....remember, if you are a graduate from Nigerian public universities, government has already contributed to your education because our institutions are heavily subsidized even though it may not be up to world standard but at least they have provided a platform for you like most of the guys in the Nigerian tech scene. I call them tomorrow billionaires...Thanks

Nigerian logistics startup Kobo360 raises $30M backed by Goldman Sachs

Nigerian freight logistics startup Kobo360 has raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from Nigerian commercial banks.

The company — with an Uber -like app that connects truckers and companies to delivery services — will use the funds to upgrade its platform and expand to 10 new countries beyond current operating markets of Nigeria, Togo, Ghana and Kenya.

Since its launch in Lagos in 2017, Kobo360 has continued to grow its product offerings, VC backing and customer base. The startup claims a fleet of more than 10,000 drivers and trucks operating on its app. Top clients include Honeywell, Olam, Unilever, Dangote and DHL.

FULL GIST HERE
https://techcrunch.com/2019/08/14/nigerian-logistics-startup-kobo360-raises-30m-backed-by-goldman-sachs/

Read full
https://mailchi.mp/fd0f458e57c4/secondary-buyouts-for-african-startups-634227
https://digestafrica.com/african-startups-founded-by-women-raised-1m-total-venture-capital-funding
https://digestafrica.com/african-ventures-raised-2019-2018

H

Hopefully, this trend of funding attraction can continue. What we need is conducive environment for investments to thrive; riddle with low security risk, high infrastructure development, low cost of funding, high educational drive and other progressive initiatives. Investments will come, it's just a matter of time.

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Good news

More needs to be done.. After all Nigerian youths are not lazy if given opportunity

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