Senegalese logistics and delivery company PAPS raises $4.5M led by 4DX Ventures and Orange
PAPS, a Senegal-based logistics and delivery company, filling the logistics gap in e-commerce in its region has announced that it has raised a $4.5 million pre-Series A round to expand its tech-enabled logistics solution across the Francophone region. The round was co-led by pan-African venture capital firm 4DX Ventures and regional telecom operator Orange. Participating investors include existing funds Uma Ventures and Saviu Ventures and new investors Yamaha Motor, LoftyInc Capital, Proparco, Google Ventures, To.org, Kepple Ventures and Enza Capital.