US EditionLori’s valuation dips to $5 million in latest funding round
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Lori’s valuation dips to $5 million in latest funding round
Lori Systems, the Google-backed Kenyan logistics startup raised $2 million at a steeply discounted $5 million valuation in 2024. The logistics startup, once valued at about $120 million, saw its valuation slashed to $5 million in the latest bridge round which was led by Delta40, with participation from Future Africa, FP Capital, and other investors. The latest fundraise brings the company’s total funding to over $46 million. Lori Systems’ valuat…
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