– KENYA, Nairobi – Sendy, the Kenyan company with an on-demand platform that connects clients to drivers and vehicles for goods delivery, has raised a $20 million Series B led by Atlantica Ventures, joined by Toyota Tsusho Corporation, a trade and investment arm of Japanese automotive company Toyota.
Asia Africa Investment, Sunu Capital, Enza Capital, Vested World and Kepple Capital joined lead investor Atlantica Ventures on the $20 million round — which brings Sendy’s total funding to $29 million, according to Alloys.
The company plans to use its Series B funding for new hires and to upgrade its tech.
Sendy’s $20 million round includes an R&D arrangement with Toyota Tsusho Corporation, whose investment comes from a venture arm the company established for Africa, called Mobility 54.
The startup currently has offices in Kenya, Tanzania and Uganda, with 5,000 vehicles on its platform that move all sorts of goods, according to Alloys.
Sendy offers services for e-commerce, enterprise, and freight delivery for a client list that includes Unilever, DHL, Maersk, Safaricom and African online retailer Jumia.
The company uses an asset-free model, with an app that coordinates contract drivers who own their own vehicles, while confirming deliveries, creating performance metrics and managing payment.
For more information: https://www.sendyit.com
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