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Franco-Senegalese Startup, Fleeti Raises $1.1m to Facilitate Fleet Management in Africa

Fleeti, a Franco-Senegalese fleet magaement startup, has raised a $1.1 million seed round from Newfund, Groupe Clim, Janngo, SkalePark, Mapinvest and several business angels.

This round of financing will enable the company to accelerate the technological development of their solution and deploy the solution in new territories.

Founded in July 2020 by Iban Olçomendy and Gabriel Delerue, Fleeti brings a new dynamic to the fleet management sector in Africa. Its technology notably allows companies to reduce the costs associated with car fleets.

Collecting data from vehicles, machines or equipment is complex and difficult for companies to comprehend. Fleeti’s technology simplifies data collection & analysis in order to bring value at three levels: how to reduce costs, increase safeness and reduce environmental impact.

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By raising $1.1 million, and with more than 100 customers in four countries (Senegal, Ivory Coast, Ghana and Mauritius), the company reaffirms its ambition to become the technological leader in fleet management in Africa.

“When we talk about fleet management software, the first thing that comes to mind is tracking. While this is a necessary prerequisite for analysis, it is far from sufficient and barely brings value to businesses. Fleeti’s technology helps companies better understand the power of the data that comes from their operations.

“Furthermore, we do not simply send raw data to our customers, but provide them with recommendations based on the sector in which they operate.” explains Iban Olçomendy.

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Agathe Descamps, in charge of development at Newfund NAEH, sums it up: “The potential for rapid development in Africa and the expertise & ambition of the founders convinced us to invest in Fleeti to support its development”.

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