African logistics platform Lori closes nearly $30m led by Hillhouse, Crystal Stream

Lori Systems, an African logistics platform that connects cargo owners with truck fleets, has secured nearly $30 million in a Series A round of financing led by Hillhouse Capital Group and China’s Crystal Stream Capital.

Apoletto Asia, the investment vehicle of DST Global’s Israeli-Russian billionaire founder Yuri Milner, seed stage-focused venture capital firm Timon Capital, investment firm Raba VC, innovative co-investment vehicle Endeavors Catalyst and others participated in the new round, according to a statement on Friday.

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