UAE’s Load-Me raises $1 million Series A for its shipping and transport market

Share WhatsApp< a rel =" nofollow noreferrer noopener" href="http://mailto:? subject = UAE % 27s % 20Load-Me % 20raises % 20 % 241 % 20million % 20Series % 20A % 20for % 20its % 20shipping % 20and % 20transportation % 20marketplace & body=Dubai-based % 20Load-Me % C2 % A0has % 20raised % 20 % 241 % 20million % 20as % 20first % 20tranche % 20of % 20its % 20on-going % 20Series % 20A % 20round % 20that % 20it % 20aims % 20to % 20close % 20with % 20 % 245 % 20million % 20by % 20the % 20end % 20of % 20this % 20year % 2C % 20the % 20company % 20announced % 20in % 20a % 20statement % C2 % A0yesterday. % 20They % 27re % 20aiming % 20for % 20a % 20pre-money % 20valuation % 20of % 20 % 2420 % 20million % 20for % 20the % 20round % 2C % 20Founded % 20in % 202014 % 20by % 20Sebastian % 20Stefan % 2C % 20Load-Me % C2 % A0is % 20a % 20shipping % 20and % 20transportation % 20marketplace % 20connecting % 20transporters % 20and % 20logistics % 20companies % 20with % 20a % 20truck % 20fleet % 2C % 20to % 20those % 20who % 20want % 20to % 20transport % 20goods % 20 % 28load % 20owners % 29 % 20between % 20countries % 20across % 20the % 20Middle % 20East % 20 % 26amp % 3B % 20North % 20Africa. % 20The % 20startup % 20in % 20addition % 20to % 20connecting % 20the % 20two % 20parties % 20also % 20offers % 20GPS % 20tracking % 20of % 20theRead % 20More % 20Here: % 20https % 3A % 2F % 2Fwww. menabytes.com % 2Floadme-series-a % 2F" > Email 6 Shares Dubai-based Load-Me has actually raised $1 million as first tranche of its on-going Series A round that it aims to close with$5 million by the end of this year, the business revealed in a statement the other day. They’re aiming for a pre-money appraisal of $20 million for the round,

Founded in 2014 by Sebastian Stefan, Load-Me is a shipping and transport marketplace connecting transporters and logistics business with a truck fleet, to those who wish to transport goods (load owners) in between nations throughout the Middle East & & North Africa.The startup

in addition to connecting the two parties likewise uses GPS tracking of the freight, electronic evidence of delivery, geo-fencing, and real-time alerts, through their mobile app. They presently have over 18,000 business and specific transporters signed up with the platform and have helped transport 180,000 lots of cargo.According to their site, Load-Me generates income by offering memberships to transporters that permit them to publish information of trucks or loads that are offered to link them with potential purchasers. The platform has a freemium membership model, with the paid yearly strategies beginning with 239 dirhams monthly($ 65). The website is totally free to use for load owners, though.The site also enables users to request quotes from different carriers for sending documents or parcels anywhere in the world.Load-Me plans to utilize the Series A round to add sea freight, air freight, and warehousing services to its market, the declaration noted. They also prepare to utilize the loan to broaden into new markets.The logistics startups in the region appear to be getting a great deal of interest from the financiers, with startups like TruKKer and Trukkin also raising brand-new financial investments during the last six months or two.