Nigeria’s Logistics Startup Kobo360 Raises Ksh121 Million Pre-seed Funding

Kobo360, a Nigerian logistics startup has raised US$1.2 million (Ksh121 million) in pre-seed funding as it prepares to take part in the Y Combinator accelerator programme.

Y Combinator is a new model for funding early stage startups based in Silcon Valley in the US. Having been accepted into the the programme, Kobo360 earns US$120,000 (Ksh12 million) in funding in return for seven per cent equity.

Read: Facebook Bug Unblocked Blocked People Without User’s Consent

The two-year old start-up (Kobo360) enables individuals and businesses to request or schedule pickup of packages and track the driver until its final destination.

Kobo360 is also set to launch its “Kobo Wealth Investment Network”, a crowdfunded vehicle financing platform aimed at helping drivers purchase new vehicles and pay back citizen investors, plus interest.

Do you have a story you want told? Do you know of a sensitive story you would like us to get our hands on? Email your news TIPS to

Written by Francis Muli

Follow me on Twitter @francismuli_. Email

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Raila Meets Kenyan Students In Bangalore, Celebrates Oginga’s Legacy

Magufuli Meets Retired Tanzanian Leaders (Photos)