South Africa’s TUNL Secures Seed Funding

South African supply chain and logistics company TUNL has completed a seed funding round to enhance marketing support for small and medium-sized enterprises (SMEs). Venture capital firm E4E Africa led the round, which included investors Jonathan Smit, Jozi Angels, and Utopia Capital Management. Existing investors 54Collective and Digital Africa Ventures also joined the round.

Founded in 2020 by Matthew Davey and Craig Lowman, TUNL facilitates exports for African manufacturers, makers, and merchants. The company aims to unlock the vast export potential across South Africa and the continent. TUNL’s platform also provides express courier services through partnerships with leading global couriers, offering competitive international shipping rates.

Last year, the company had raised USD 1 M in pre-seed funding.