GoMetro, a South African logistics startup, has raised a $1 million seed round to help it expand
GoMetro, a South African logistics startup, has secured $1 million in a seed extension round to accelerate its growth, enhance its sales team, and aggressively expand into the South African, UK, and US markets.
The investment round also included Kalon Venture Partners, Hlayisani Capital, Tritech Global, 4Decades Capital, and E Squared Investments.
GoMetro is a mobility management platform that assists public transit and logistics organizations in increasing operational efficiency, future-proofing services, and remaining competitive.
“By adopting our mobility management platform and digitizing their whole fleet, operators can save up to 30% in operating costs by increasing overall vehicle utilization, limiting unnecessary miles, and minimizing back-office expenditures.” Our customers have also boosted their delivery window confidence and precision by 50%,” said Justin Coetzee, GoMetro’s CEO.
Kalon Venture Partners’ CEO, Clive Butkow, stated his excitement at the opportunity of investing in a company that is expanding both locally and globally.
“Kalon’s investment was driven by the incredible GoMetro team, as well as the unique digitization of transportation operations to better manage mobility.” He explained, “The GoMetro fleet connects with logistics providers’ existing telematics investment, delivering accurate route planning and on-time warnings while saving them money in back-office expenditures and contract performance.”
The cash will be used to expand the company’s cutting-edge technological platform, product engineering, and development.
