">
TechMoran
  • About Us
  • Jobs
  • Motoring
  • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
Wednesday, March 3, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds
No Result
View All Result
TechMoran
">
Home Infrastructure

Kenyan supply-chain startup Sote raises $3 million seed round

Milcah Lukhanyu by Milcah Lukhanyu
4 months ago
in Infrastructure, Startups
7 min read
0

Sote, a Nairobi-based African supply-chain-start-up has raised $3 million seed round to bring its licensed tech-enabled customs clearing and forwarding service public.

With the $3 million seed round, Sote brings its total raise to $4.4 million. The round was led by MaC Venture Capital, with
participation from Acceleprise, Backstage Capital, Future Africa, and Rob Solomon — Chairman at GoFundMe.

In addition to the funding announcement, Marlon Nichols — Managing General Partner at MaC VC — also joins Sote’s Board of Directors.

According to Sote co-founder/CEO Felix Orwa, “By providing tech-enabled supply chain services, we introduce meaningful visibility and transparency to industrial importers and exporters such as
manufacturers and retailers in a space that traditionally runs on calls, text, emails, and paper.”

Sote gives industrial cargo owners a central dashboard that acts as a single record of transactions for all involved parties in clearing and forwarding. Sote’s software platform manages freight clearing and forwarding as well as tracking of shipment status, payment history, and ETA of containers, in a bid to reduce communication between the customer and Sote staff.

Sote’s CEO Felix Orwa is a Kenyan native, former pilot and logistics industry insider while the CPO Meka Este-McDonald is a Stanford graduate and previously worked at Verizon and Gigster. Sote CTO Scott Yacko was director of software engineering at Amazon and previously a director of architecture at Walmart.

As both a freight forwarder and customs brokerage firm, Sote can coordinate the transportation of goods and necessary paperwork, clear the goods at the port of entry, and arrange for final delivery — transparently.

READ  It’s Extremely Difficult For African-led Startups To Gain Access To Investment In The Startup Space-Lindsey Allen

Related posts

Africa Prize 2021 selects innovators to pitch for £25,000 Africa Prize for Engineering Innovation

March 3, 2021
0

Raise raises $25K from Microtraction to build Africa’s biggest platform for equity & fundraising

March 2, 2021
0

Angola’s crowdfunding startup Deya raises $50,000 pre-seed financing round

March 2, 2021
0

Kenya’s Powered by People raises $1.5M seed funding to help artisans compete in the global retail market

March 2, 2021
0

According to the World Bank, 20 million containers move through Africa yearly, equating to a $20 billion logistics market. Over 1 million containers move through Kenya alone with Mombasa Port being Africa’s fifth-busiest port serving Kenya, Tanzania, Uganda, Somalia, Rwanda and South Sudan.

Other major ports include South Africa, Mozambique, Nigeria, Morocco, and Egypt. Africa plays a huge role in transporting goods all around the world and requires a great deal of coordination between commercial and government sectors. Sote has the potential to grow as it ushers itself more into the tech space.

As a solution to its customers, industrial importers, and exporters, Sote aims to be a transparent resource for all parties involved in clearing and forwarding.

“Sote’s central position in Africa’s supply chain is an opportunity to unify all the supply chain players in a single platform and provide ERP solutions to their customers and supply chain partners,” said MaC VC Founding Partner and Sote Board Member Marlon Nichols.

Sote aims to use the funds to build new software solutions to its customers and supply chain partners, expand to new markets, and scale its customer base over the next year.

Readers 1,963

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Entrepreneurship

Africa Prize 2021 selects innovators to pitch for £25,000 Africa Prize for Engineering Innovation

March 3, 2021
0
Startups

Raise raises $25K from Microtraction to build Africa’s biggest platform for equity & fundraising

March 2, 2021
0
Startups

Angola’s crowdfunding startup Deya raises $50,000 pre-seed financing round

March 2, 2021
0
Startups

Kenya’s Powered by People raises $1.5M seed funding to help artisans compete in the global retail market

March 2, 2021
0
Business

Deezer lowers its subscription fees in Nigeria, abandons USD for Naira

March 2, 2021
0
Startups

Enygma Ventures widens its net to cover the 16 countries in the SADC region

March 1, 2021
0
Startups

ImaliPay Raises Pre-Seed Funding to Accelerate Growth in Kenya, Nigeria & South Africa

March 1, 2021
0
Startups

EDF Group takes a 23% stake in BBOXX Kenya to ramp up move to green energy

March 1, 2021
0

ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Netflix Rolls Out ‘Fast Laughs’ A ‘TikTok Feed’ To Scroll Through Funny Clips

March 3, 2021
Toshiba

Google Will Make Swapping User Profiles Simpler On Chrome

March 3, 2021

TikTok releases fourth global transparency report

March 3, 2021

Manchester United to partner with StarTimes to offer MUTV in Africa

March 3, 2021

Facebook Launches ‘LeadHERs, a Book Spotlighting Female Leaders from across Africa

March 3, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: