PAPS, a Senegal-based logistics and delivery company, announced that it has raised a $4.5 million pre-Series A round to expand its tech-enabled logistics solution across the Francophone region.
Senegalese tech-enabled logistics company PAPS raises $4.5 million
January 20, 2022: PAPS, a Senegal-based logistics and delivery company, announced that it has raised a $4.5 million pre-Series A round to expand its tech-enabled logistics solution across the Francophone region.
The round was co-led by pan-African venture capital firm 4DX Ventures and regional telecom operator Orange. Participating investors include existing funds Uma Ventures and Saviu Ventures and new investors Yamaha Motor, LoftyInc Capital, Proparco, To.org, Kepple Ventures and Enza Capital.
Bamba Lo founded PAPS in 2016 to provide end-to-end logistics solutions for businesses with offline and online operations.
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