Kobo360, a Nigerian technology-enabled digital logistics platform, revealed that it has secured $20 million in Series A round of financing.
Conducted by New York-based financial services firm Goldman Sachs, the latest funding round also included $10 million in working capital investment from commercial banks in Nigeria.
Kobo360 is planning to leverage the new capital to improve its product offerings and expand into ten new countries.
The startup, with approximately $1 million in revenue annually, has collected a total of $37.3 million in over five financing rounds.