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African Startup Funding Tracker

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Egyptian Logistics Startup ILLA Raises 7-Figure Seed Round To Scale
Egyptian Logistics Startup ILLA Raises 7-Figure Seed Round To Scale

ILLA, an Egyptian logistics startup, has raised an undisclosed seven-figure seed round to accelerate its market expansion and diversify its offering to the FMCG value chain. Watheeq Financial Services and Golden Palm Investments led the round, with LoftyInc Capital Management, Kepple Africa Ventures, Cubit Ventures, AUC Angels, Oqal Angel Network, and Flat6Labs also participating.

ILLA provides full-fledged transportation and logistics solutions to corporates and SMEs, addressing major pain areas unique to the FMCG industry.