Leta Raises $5 Million in Seed Round
Leta, a Kenya-based logistics software-as-a-service (SaaS) company, has raised $5 million in seed funding.
The round was led by Speedinvest, with additional backing from Google’s Africa Investment Fund and Equator, an Africa-focused climate tech fund. This brings Leta’s total funding raised to $8 million.
Founded in 2011 and based in Vienna, Austria, Speedinvest is a venture capital firm that focuses on seed and Series A investments in early-stage startups across sectors such as fintech, digital health, enterprise software, consumer tech, and deep tech. The firm also offers hands-on support to help startups with strategy, scaling, and business development. As of January 2024, Speedinvest's total assets under management (AUM) exceeded €1 billion.
The company plans to use the funds to scale its AI-powered logistics platform and expand its presence into more countries across Africa and the Middle East.
Founded by Nick Joshi, Leta provides an AI-powered platform designed to help businesses optimize delivery routes, track shipments in real-time, and streamline payments. It integrates with businesses’ existing systems, such as ERP, POS, and OMS, to streamline operations. The platform automates dispatch planning and manifest creation, adjusting vehicle use based on demand and capacity. Leta serves 35 notable clients including KFC and Diageo.
Funding Details
Company: Leta
Raised: $5.0M
Round: Seed
Funding Date: March 2025
Lead Investor: Speedinvest
Additional Investors: Google’s Africa Investment Fund, Equator
Company Website: https://leta.ai/
Software Category: Logistics and Supply Chain Management