Fastvan, a South African 'all in one' logistics startup, raised $200,000 in funding. According to Daud Nur, the founder, they closed the amount in October this year. It came from an angel investor they were not willing to disclose at the moment.
This is the second round the startup is raising this year. After confirming that they also raised $150,000 in February this year as part of their seed round.
Still, there were no details shared as regards to who the investor was. But Daud maintained that it was an angel investor. This recent round brings Fastvan's total amount raised to-date to at least $700,000.
Also read: Nairobi-based Lori Systems raised $6.1M this year according to SEC filing
Founded in 2015, the Johannesburg-based startup operates an enterprise logistics management platform.
With Fastvan, companies can schedule and track drivers and their communications in real-time. They can also assign orders multiple deliveries as well as track all orders and resolve issues based on multiple alerts.
The startup launched as an e-courier platform targeted at individual consumers. Describing themselves as 'an Uber for packages'.
But, along the way, they pivoted to a SaaS platform for logistics firms.
