Pargo raised $4M in a funding round led by 3Capital Ventures to expand its logistics network into Egypt.
Amount Raised
$4 Million
Round Type
Seed
Cape TownTransportationE CommerceSupply Chain ManagementLogisticsInvestors
Description
Pargo, a South African e-commerce logistics company, has secured USD 4 million in funding to enhance its services in Egypt. The funding allows the company to broaden its logistics offerings and expand its network, particularly through partnerships with local outlets.
Quick answer
Pargo raised $4 Million in a Seed round, dated October 27, 2024. Investors: SAAD Investment Holdings, Endeavor, 3Capital Ventures and UW Ventures. Pargo is based in Cape Town, Western Cape, South Africa.
- How much did Pargo raise?
- Pargo raised $4 Million in a Seed round on October 27, 2024.
- Who invested in Pargo?
- SAAD Investment Holdings, Endeavor, 3Capital Ventures and UW Ventures are named as investors in this round.
- What does Pargo do?
- Pargo is a smart logistics company specialising in click and collect delivery making distribution in South Africa more accessible, affordable and convenient through an extensive network of over 4,000+ Pargo Points.
- Where is Pargo based and how big is it?
- Pargo is based in Cape Town, Western Cape, South Africa. Fundz records about 109 employees.
- Who are the decision-makers at Pargo?
- Fundz holds 4 contacts at Pargo. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and E Commerce around the same time
Companies in the same sectors as Pargo that raised within 45 days of this round, from Fundz verified event records.
- Traqo.io raised an undisclosed amount (Pre-Seed) on October 15, 2024.
- Pallet raised $18M (Series A) on October 2, 2024.
- Distribusion raised $80M (Series C) on September 26, 2024.
- ShipTop raised $500K (Seed) on September 24, 2024.
- HappyRobot raised $16M (Series A) on December 4, 2024.
- Nowlun raised $1.7M (Seed) on November 30, 2024.
Who to call at Pargo, and when
A new round usually means Pargo is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Pargo raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Pargo, from your own LinkedIn network
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Related People
Pargo 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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