Amitruck raises $4 million for scaling into Uganda and Tanzania

Frankfurt (Germany) and Nairobi (Kenya), February 2022. GreenTec Capital is very pleased to report that Amitruck, our Kenya-based logistics-tech portfolio company, has closed a US$4 million seed round. Amitruck will use the funds to bolster its operations, technical, and sales teams supporting its expansion in East Africa. The funding round was led by Better Tomorrow…

GreenTec expands Logisticstech portfolio with investment in ShapShap

Frankfurt (Germany) and Lagos (Nigeria), November 2021. We are very happy to announce our investment and signing of a collaboration agreement with ShapShap, a Nigerian logistics platform focusing on deliveries in Africa’s fragmented logistics market. ShapShap has developed an all-in-one platform connecting customers, drivers, and merchants and is currently facilitating last-mile deliveries in Abuja and…

GreenTec invests in Nigerian Mobility Solutions platform T40

Frankfurt (Germany) and Lagos (Nigeria), October 2021. GreenTec Capital is very pleased to announce our investment in T40, a Nigerian intercity transport- and logistics-tech company developing solutions to help mobility service providers offer better service to their customers and increase their revenues. The African continent is experiencing one of the highest rates of urbanization globally….

Amitruck partners with IMFact to access greater financial capital for East African scaling

Frankfurt (Germany) & Nairobi (Kenya), October, 2021. GreenTec Capital is pleased to share that its portfolio company, Amitruck, has partnered with IMFact, a pan-African FinTech offering alternative financing options to SMEs in the supply chain industry. IMFact is a Smart Finance alternative to traditional bank lending for Kenyan SMEs operating in the supply chain business…

Amitruck selected for Google’s Black Founders Fund

Frankfurt (Germany) and Nairobi (Kenya), October 2021. We are very pleased to report that our Kenyan logistics-tech start-up Amitruck has been selected for Google for Startups Program’s newly launched Black Founders Fund. The $US 3 million facility has selected 50 start-ups from across Africa to receive the equity-free funding as a part of Google’s racial…

Amitruck Teams with Sanergy to Remove more than 12,000 Tons of Waste Per Year

Nairobi (Kenya) and Frankfurt (Germany), June 2021. GreenTec Capital is very pleased to report that Amitruck has signed a partnership agreement with Sanergy, a Kenyan start-up working to address issues of hygiene and waste-management in African urban environments. Symbolically, the two innovating African start-ups signed the partnership on June 5th, 2021, in honor of World Environment Day. Sanergy is a social venture that focuses on cleaning up fast-growing…