According to a statement from Kalon Venture Partners, logistics company GoMetro has raised R16.3 million ($1 million) in a seed extension round to accelerate its growth, strengthen its sales team, and swiftly expand into the South African, UK, and American markets.
GoMetro raised the funding from Kalon Venture Partners, Hlayisani Capital, Tritech Global, 4Decades Capital, and E Squared Investments, which will be utilized for key recruitment and to continue investing in its revolutionary tech platform, product engineering, and development.
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“By using our mobility management platform and digitising their entire fleet, operators can save up to 30 per cent in operating costs by increasing overall vehicle utilisation, controlling excess mileage and managing back-office costs. We have also seen our customers increase the certainty and accuracy of their delivery windows by 50 per cent,” said the CEO of GoMetro, Justin Coetzee.
Clive Butkow, CEO of Kalon Venture Partners, expressed his excitement to be an investor in a company that is growing both locally and globally.
“Kalon’s investment was motivated by the exceptional GoMetro team, as well as the innovative digitization of transport operations to better manage mobility. The GoMetro fleet works with logistics providers’ existing investment in telematics, provides accurate route planning and on-time alerts, and saves them money in back-office costs and contract performance,” he said.
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GoMetro is a mobility management platform that helps public transportation and logistics providers improve operational efficiency, future-proof services, and increase competitiveness.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh