Tripplo, a Johannesburg, South Africa-based logistics software platform, has raised a $1.8 million equity investment in a seed funding extension.

SaaS Investors

The round was led by Futuregrowth Asset Management, representing Old Mutual Life Assurance Company South Africa, with participation from Galloprovincialis and fresh investors such as Founders Factory Africa, Digital Africa Ventures, and Standard Bank of South Africa.

Futuregrowth Asset Management (Pty) Ltd operates as an investment management company. The Company offers portfolio management, financial planning, and advisory services to individuals, institutions, trusts, private funds, and charitable organizations. Futuregrowth Asset Management serves clients in South Africa.

About Tripplo

Tripplo is a logistics software platform that automates and optimizes operations for transporters, cargo owners, and cargo brokers. It offers cutting-edge technology to streamline road freight supply chains, negotiate rates with contractors, optimize routes, enable real-time tracking, manage documents, facilitate working capital for trucks, and make data-driven decisions. The platform facilitates the safe & efficient movement of road-freight cargo across the SADC region.

Funding Details

Company: Tripplo (Pty) Limited 

Raised: $1.8M

Round: Seed Round

Funding Month: October 2023

Lead Investors: Futuregrowth Asset Management

Additional Investors: Galloprovincialis, Founders Factory Africa, Digital Africa Ventures, and Standard Bank of South Africa

Company Website: https://www.tripplo.co/ 

Software Category: Logistics Software

Source: https://ventureburn.com/2023/10/south-african-logitech-startup-tripplo-closes-seed-round/