Jetstream Africa, an e-Logistic company based in Africa has announced that they have raised $13 Million in debt and equity financing in an effort to help them expand.
With this funding round, we are excited to use our technology to reflect our customers’ data back to them in the form of business insights, so they can trade more profitably. The population of Africa is bigger than its production capacity. That’s created a $50+ billion trade gap. At Jetstream we aim to help regional companies grow their supply chains faster, and close that gap themselves.Miishe Addy, co-founder and CEO, Jetstream Africa
This round of funding supports Jetstream’s expansion to new markets which capitalizes on trade policies like AfCFTA, enabling richer inter-continental trade which is needed to support inclusive economic development and unleash the continent’s full potential.Tokunboh Ishmael, Co-founder and Principal Partner, Alitheia IDF
As a long-term investor in Africa’s development, we support Jetstream’s mission and look forward to supporting its growth across the continent.Babacar Seck, Senior Investment Officer for Venture Capital, Proparco