Across Express, a logistics tech company that provides a platform that connects users with delivery and freight shipment needs with service providers using mobile & web apps and call centers, closed an investment from Addis Abeba Angles Network.
Addis Abeba Angels Network that was launched during the Startup Ethiopia Event in June 2019 is also a member of ABAN ( African Bussiness Angels Network).
The press release shared to Shega reads, “We are excited to announce that we have completed an investment in Across Express. An Ethiopian start up that has embarked on solving the critical freight transport and logistics problem in Ethiopia. Across Express is planning to modernize the freight booking and fulfilment process targeting mid and long-distance trucking.”
This is the first startup that is funded by the Angels Network. The amount of investement is undisclosed. The Network which is created by various well known Individual who have previously built successful business and known for Angel Investing Individualy
“The network members are motivated to drive the success of start-ups and, broadly, give back to society. They bring knowledge, skills, contacts and personal capital for Ethiopian Entrepreneurs.”
The Network’s Founder Shem Asefaw says, “We welcome crazy ideas and big dreams and want to help achieve the next big thing in Ethiopia.”
Addis Ababa Angel Network members includes Shem Asefaw, a serial investor in Canada, Ethiopia & Kenya, Addis Alemayehou, Chairman at KAZANA Group, Henok Assefa Founder at Precise Consult, Adam Abate CEO at PAGA Ethiopia, Joseph Kibur Founder and CEO at YAYA Investment; and Levi Girma Co-Founder at Nest Ventures.
Across Express that digitizes Ethiopia’s logitics sector also recently joined the Jumpstart accelerator by GIZ and iceaddis.
Similar regional startups like Kobo360 from Nigeria and Lori Systems from Kenya have raised $37.3 M and 36.2 M so far to fuel operation and solve logistics in Africa.
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