Fleeti, an ESTIA-incubated startup specializing in the administration of African vehicle fleets, raised $1.1 million in Seed round (one million euros) from Newfund, Groupe Clim, Janngo, SkalePark, Mapinvest, and business angels.
This funding will allow the company to speed up the technological development of its solutions and expand its reach into new markets.
Company: Fleeti
Raised: $1.1M
Round: Seed Round
Funding Month: November 2021
Lead Investors:
Additional Investors: Newfund, Groupe Clim, Janngo, SkalePark, and Mapinvest
Company Website: https://fleeti.co/en/
Software Category: Fleet management platform
About the Company: Founded in July 2020 by Iban Olçomendy and Gabriel Delerue (both EDHEC grads), Fleeti aims to help companies reduce their fuel consumption and improve the performance of their fleet. Its technology, which combines embedded sensors and SaaS software, simplifies data collection and analysis to allow companies to easily obtain clear KPIs on their operations. Its solution is already deployed in four countries in Africa (Senegal, Ivory Coast, Ghana, and Mauritius). With regional offices in Dakar and Mauritius, the staff of more than ten nationalities spans the Basque Country, the Technopole Izarbel, and Africa. In March 2021, Fleeti won the Bask’Invest competition, which was organized by the France-based Institute of Advanced Industrial Technologies (ESTIA) in collaboration with EY, CCI, and Airbus.
Source: https://afrikanheroes.com/2021/11/24/senegal-based-fleet-management-startup-fleeti-secures-1-1m-in-seed-funding/