TechMoran.com
Lori Systems, the Nairobi-based digital freight platform, has raised $2 million in a bridge round at a significantly reduced $5 million valuation, a steep drop from its 2020 peak valuation of $120 million. Led by Delta40, with participation from Future Africa, FP Capital, and others, the new funding brings Lori’s total raised capital to over […]
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Lori Systems Raises $2M as Valuation Dips to $5M From $120M Peak
Terryanne Koech
02:21
Lori Systems, the Nairobi-based digital freight platform, has raised $2 million in a bridge round at a significantly reduced $5 million valuation, a steep drop from its 2020 peak valuation of $120 million. Led by Delta40, with participation from Future Africa, FP Capital, and others, the new funding brings Lori’s total raised capital to over
