Messenger, a Nigerian logistics platform, has raised an undisclosed amount in a pre-seed funding round led by Nama Ventures with participation from Aidi Ventures and notable Angels.
Founded in 2018, Messenger is a one-stop logistics platform that finances and aggregates end-to-end logistics and supply chain operations.
According to a report by the United Nations Conference on Trade and Development (UNCTAD), the e-commerce market in Africa was estimated to be at least $29B by 2022. According to Statista the e-Commerce industry in Nigeria has a market size of $9B with an annual growth rate of 11.74% resulting in a market value of $14B by 2027.
The last-mile logistics business opportunity in Africa is significant, as the continent’s logistics infrastructure is still developing, and the demand for efficient and reliable delivery services is on the rise.
Amanda Etuk, the founder and CEO of Messager said: “As a company, Messenger is dedicated to championing last-mile deliveries across Africa, one city at a time.”
Mohammed Alzubi, Founder and Managing Partner of Nama Ventures said: “This is one of those startups, that when we read their pitch deck, they stood out and we knew straight away of their potential.
“Amanda and Essein make an amazing team with their domain expertise and complementary skill sets. Also, Messenger is tackling a huge market in their service offering, which is always something we look for when evaluating opportunities. We are super excited at Nama to welcome this dream team into the Nama family.”
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