Johannesburg-based logistics software platform, Tripplo, has announced successfully securing a US$1.8 million equity investment, concluding its seed funding extension round. The round was led by Futuregrowth Asset Management, representing Old Mutual Life Assurance Company South Africa, and was followed by Galloprovincialis.
These two entities are now alongside Standard Bank of South Africa, Founders Factory Africa, and Digital Africa Ventures as key investors in Tripplo.
The injection of capital will significantly bolster Tripplo’s overarching ambition to establish itself as the premier global logistics platform, dedicated to revolutionizing the logistics industry by fostering innovation and operational efficiency in the movement of goods.
We warmly welcome Futuregrowth Asset Management and Galloprovincialis as strategic partners in our pursuit to reshape the logistics sector.
Victor Chaitezvi, Founder and CEO, Tripplo
, Head of Private Equity/Capital at Futuregrowth Asset Management, expressed his enthusiasm about the investment, underscoring the pivotal role logistics plays in the South African economy.
This investment in Tripplo not only highlights the significance of logistics in our nation’s growth but also underscores the crucial role of innovative management in driving such endeavors. We are not just investing in a platform; we are investing in a vision and a team that can truly make a difference.
Amrish Narrandes
Tripplo has garnered praise for its distinctive approach, which has brought about a transformative impact on the logistics landscape.
Through the adept use of cutting-edge technology, Tripplo empowers businesses across diverse sectors to streamline their road-freight supply chains, negotiate rates with contractors, electronically process trips from end to end, optimize routes, enable real-time tracking, manage documents, facilitate working capital for trucks, and make data-driven decisions aimed at reducing costs and enhancing overall efficiency.
This funding round attests to the confidence our investors have in our vision and our capacity to positively disrupt the industry. We look forward to accelerating our growth and continuing to provide innovative solutions to our clients.
Victor Chaitezvi
Tripplo’s unwavering commitment to innovation, bolstered by the support of its investors, firmly positions the company at the forefront of logistics technology. In an industry that is ever-evolving, Tripplo’s platform is primed to assume a pivotal role in enabling businesses to thrive in an increasingly interconnected world.
1 Comment
Pingback: SA insurtech start-up Pineapple secures R400 million funding in series B round - Innovation Village | Technology, Product Reviews, Business