Ghanaian trailblazing entrepreneur, Miishe Addy has secured $13 million for her logistics expertise firm Jetstream Africa in pre-Sequence A fairness and debt funding. The brand new funding will facilitate the corporate’s enlargement into new nations and enhance its service choices throughout varied logistics and financing distributors.
The brand new funding which comes 18 months after Jetstream Africa introduced a $3 million seed spherical will guarantee a complicated improvement of Jetstream Africa’s expertise platform.
Addy, Jetstream Africa’s co-founder, and CEO, who made the announcement, possess a wealth of expertise in technique, evaluation, and authorized transactions. In keeping with Billionaire Africa, Addy labored lengthy years as a top-ranked analyst for Wachtell Lipton and Bain & Firm in New York.
Miishe Addy’s Background
Jetstream Africa’s CEO, Addy additionally labored for a number of improvement organisations in the USA, South America, and Sub-Saharan Africa. Addy additional served as a fellow for MEST Africa in Accra, Ghana, the place she mentored aspiring software program entrepreneurs and developed market insights that shaped the muse of Jetstream.
Talking concerning the funding, Addy famous that Jetstream has partnered with a number of key gamers, together with multinational banks like Société Générale, and pan-African e-insurance dealer LAMI, and so they purpose to double the present determine fivefold by the tip of 2023.
As a number one Ghanaian entrepreneur, Addy’s experience has been mirrored in her potential to safe funding from a various group of traders. A few of them embrace Proparco, enterprise fund ASC VC, Nigerian enterprise capital agency Octerra, Senegal’s Wuri Ventures, Seed9, the MBA Fund, and the W Fund.
An African logistics agency within the highlight
Miishe Addy has been in a position to put Jetstream Africa on the fore through a sequence of funding from a various group of traders. This additional positions the agency as a revolutionary participant in Africa’s logistics business. It additionally spotlights its potential to navigate Ghana’s difficult setting.
By way of Jetstream’s platform, exporters and importers can simply apply for commerce finance, ebook shipments, and insure their items. It additionally supplies prospects with quite a lot of data that helps them make higher choices.
Recall that Jetstream earlier secured $1 million in debt financing in mid-2021, and disbursed a complete of roughly $9 million in loans.