Kobo360 matches cargo owners with truck owners across six African countries.
Based in Lagos and founded by Obi Ozor and Ife Oyedele II, Kobo360 uses technology to cut delays in moving goods.
Kobo360 is a tech-enabled logistics platform headquartered in Lagos that connects cargo owners to truck owners, with a physical presence in six African countries including Nigeria, Ghana, Kenya, Burkina Faso and Ivory Coast. Its customers are mostly large multinationals and manufacturers. Its mission is to simplify Africa’s logistics and supply chain by making it more efficient.
The idea
The platform solves the delay in getting goods delivered on time by matching cargo with trucks. Obi Ozor and Ife Oyedele II founded the company, which also built an app so that users could manage their activity more easily.
Funding and recognition
- 2019: the company had reached product-market fit and was expanding rapidly, with a 30 million dollar equity and debt investment from Goldman Sachs, the International Finance Corporation and TLcom Capital, among others.
- Series A: 20 million dollars headed by Goldman Sachs, plus 10 million dollars in working capital from Nigerian commercial banks.
- Series B: a further 56 million dollars, led by the equity arm of Afreximbank.
- 2023: listed among 25 rising African tech startups to watch.
Its chief executive has described how the pandemic forced a rethink of strategy. Kobo360 shows how a familiar problem, trucks that travel half empty and cargo that waits, can anchor a technology company.
