Renda, a logistics firm, has raised US$ 1.3 million in equity capital in addition to US$600,000 in debt financing during its pre-seed round to expand operations in Kenya and Nigeria.
The logistics firm, which has MarketForce and Jumia among its top clients, is already active in 15 Nigerian towns and collaborates with e-commerce companies to deliver goods to customers and handle warehousing.
Ingressive Capital, Techstars Toronto, Founders Factory Africa, Magic Fund, Golden Palm Investments, SeedFi, Reflect Ventures, and Vastly Valuable Ventures led Renda’s fundraising round.
