THE twenty-first century could be a period of unprecedented economic growth and social change for the African continent, which is poised for explosive change — but much of that change is predicated on an outmoded trade infrastructure that hasn’t changed much since the beginnings of the last century.
That’s the problem that Sote wants to target.
The company just raised $3 million in seed funding to support its Nairobi and San Francisco operations designed to transform the logistics infrastructure for African shipping — starting with customs clearing and forwarding.
The goal is no less than becoming the digital logistics gateway to the African continent.
“They are trying to transform an industry that hasn’t seen any innovation in a century. That’s the case with receiving and forwarding on the continent,” said Marlon Nichols, a co-founder and managing director of MaC Venture Capital and an investor in Sote’s seed round. “It’s so
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