Ghana’s Logistics Startup Jetstream Raises USD 13 Mn Pre-Series A

Ghana-based Jetstream Africa, an e-logistics platform for Africa’s exporters and importers, has raised USD 13 Mn in a combination of debt and equity financing to help it expand. New investors included French development institution Proparco through the Digital Africa Bridge Fund, ASC VC, Octerra, Cauris, Senegal’s Wuri Ventures, Seed9, The MBA Fund, W Fund and family offices. Existing investors Alitheia IDF and Golden Palm also participated in the round. 

Jetstream aims to provide African companies visibility and control over their cross-border supply chains. It aggregates and connects private sector logistics companies at African ports and borders. The startup also has operations in Nigeria, with agents present in South Africa, China, the U.S., the U.K., and Europe. The funds will be used to support Jetstream’s expansion into new countries and the continued development of its technology platform, which vertically aggregates the fragmented financing and logistics vendors that support trade across the continent’s 54 countries.