Nigerian Startup Topship Secures USD 2.5 Mn Seed Round

Topship, a digital freight forwarding startup has raised a USD 2.5 Mn seed round from institutional and individual investors with a bid to aid African businesses export and importing parcels and cargo to their customers, suppliers, and distributors worldwide. The funding was led by Flexport and backed by Y Combinator, Soma Capital, Starling Ventures, Olive Tree Capital, Capital X, and True Capital. The individual investors in the round include Immad Akhund, Mercury CEO, and Arash Ferdowsi, co-founder of Dropbox.

Topship is a borderline local and international shipping solution between digital freight and e-commerce fulfillment that caters to a wide range of users, from a merchant moving tons of heavy equipment, a solo entrepreneur sending parcels to a student mailing documents to a school abroad, to a Gen Z shopping from a foreign store.