| Founded | 2016 |
|---|---|
| Closed | 2023 |
| Country | Nigeria |
| Sector | Logistics |
| Collapse type | Mass Layoff Spiral |
Lori Systems
"West Africa digital freight platform backed by TLcom and Frontier Car Group that raised $30M to digitize informal trucking before unit economics and naira devaluation forced it to scale back."
Cascading layoffs that accelerated the decline
Key Events Timeline
Lori Systems built a digital freight-matching platform connecting shippers with truck operators across West Africa (Nigeria, Ghana, Ivory Coast, Uganda).
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