Senegalese Logistics Company PAPS Raises USD 4.5 Mn Pre-Series A Round

PAPS, a Senegal-based logistics and delivery company, has raised a USD 4.5 Mn pre-Series A round to expand its tech-enabled logistics solution across the Francophone region. The round was co-led by pan-African venture capital firm 4DX Ventures and regional telecom operator Orange. Participating investors include existing funds Uma Ventures and Saviu Ventures and new investors Yamaha Motor, LoftyInc Capital, Proparco, To.org, Kepple Ventures, and Enza Capital.

The platform caters to small to large businesses, assisting them with their logistics needs, from storage and international transport to last-mile delivery. PAPS also provides merchants with visibility features to track and know the status of deliveries from takeoff to the point of destination. Merchants can also schedule deliveries on the platform.