Fundz

Senegal’s Logistics Tech Startup Chargel Raises $2.5M Seed Funding

PRIVATEApr 20, 2023

Amount Raised

$2.5 Million

Round Type

Seed

SenegalTransportationLogistics

Investors

SeedstarsDFS LabsFoundation BotnarVentures PlatformLogos Ventures

Description

After selling their hospitality tech startup, Teranga, in 2018, Senegalese brothers Moustapha and Alioune Ndoye ventured into the trucking business as they pondered their next move. However, it soon became clear to them that fleet management is a major challenge, and one that largely influences the level of profits to be made by truck-owners.

Quick answer

Chargel raised $2.5 Million in a Seed round, dated April 20, 2023. Investors: Seedstars, DFS Labs, Foundation Botnar, Ventures Platform and Logos Ventures. Chargel is based in Senegal.

How much did Chargel raise?
Chargel raised $2.5 Million in a Seed round on April 20, 2023.
Who invested in Chargel?
Seedstars, DFS Labs, Foundation Botnar, Ventures Platform and Logos Ventures are named as investors in this round.
What does Chargel do?
Chargel brings the offline operations of trucking online, by matching the shippers to the right carriers at the right price and by reshaping the infrastructure around trucking to facilitate payments, fuel management,..
Where is Chargel based and how big is it?
Chargel is based in Senegal.
Who are the decision-makers at Chargel?
Fundz holds 1 contact at Chargel. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation and Logistics around the same time

Companies in the same sectors as Chargel that raised within 45 days of this round, from Fundz verified event records.

  • Agraga raised $8.5M (Funding Round) on May 16, 2023.
  • Zyngo raised $5M (Funding Round) on May 9, 2023.
  • Warehowz raised $2.3M (Seed) on May 1, 2023.
  • Slip Robotics raised $11M on April 28, 2023.
  • Frayt Technologies raised $7M (Funding Round) on April 11, 2023.
  • Magenta Mobility raised $22M (Funding Round) on April 5, 2023.

Who to call at Chargel, and when

A new round usually means Chargel is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Chargel raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Chargel, from your own LinkedIn network

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Company Information

Company

Chargel

Location

Senegal

About

Chargel brings the offline operations of trucking online, by matching the shippers to the right carriers at the right price and by reshaping the infrastructure around trucking to facilitate payments, fuel management, insurance...

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Chargel raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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