Kobo360

Summer 2018Inactive

Africa's leading supply chain technology platform.

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Kobo360

Summer 2018Inactive

Africa's leading supply chain technology platform.

Save

Company details

KOBO360 is powering African Enterprise through technology. The company was founded in 2018 to solve the inefficiencies in Africa’s supply chain, by creating a platform that connects manufacturers and cargo owners with truck operators, to move their goods seamlessly across the continent.

KOBO's key focus is to accelerate economic development and sustainable growth in Africa through a streamlined delivery process of raw materials from ports to the manufacturer, and finished goods from the manufacturer to the last-mile customer.

The company uses data analytics and artificial intelligence to reduce inefficiencies in last-mile delivery, provide transparency and visibility, reduce communication gaps within the entire ecosystem, optimize pick-ups and deliveries, and improve routes in real-time. Our predictive analysis also gives businesses valuable insights and enables them to make informed decisions, thereby enhancing productivity and improving customer experience.

We have a physical presence in 7 African countries; Nigeria, Benin, Ghana, Uganda, Kenya, Côte d'Ivoire, Burkina Faso.

Location

Lagos, LA, Nigeria; Kampala, Central Region, Uganda

Founded

Unknown

Actionable insights

If you only have a few minutes to spare, here’s what investors, operators, and founders should know about Kobo360 (S18).

Partner fleet still required capital. Kobo360 paid drivers before enterprise customers settled 30 to 90 days later, making bank credit central to growth.
Growth costs became explicit. In 2022 Obi Ozor said Kobo360 had absorbed operating costs during expansion before shifting toward unit economics and collections discipline.
Distress claims remain attributed. TechCabal reported debt, a credit-line cutoff, and investor write-downs through named and anonymous sources, while IFC denied selling its stake to Ozor.
A tiny team pursued turnaround. March 2025 reporting described fewer than ten employees and renewed financing efforts, not a verified shutdown, bankruptcy, liquidation, or complete asset sale.
Loadnote records shipment evidence. The rebuild captures manual manifests, custody, appointments, delivery proof, and exceptions without marketplace, finance, insurance, fleet, routing, tracking, customs, liability, payments, or settlement functions.

Overview

Kobo360 built a freight-coordination platform for African markets where cargo owners, truck operators, payments, insurance, and trust were fragmented. It matched enterprise loads with partner trucks rather than owning a complete fleet, then added booking visibility, payments, working capital, insurance, and driver benefits.^[1]^[2]

Partner supply did not make the model capital-light. Kobo360 paid drivers before manufacturers settled invoices 30 to 90 days later, using credit to bridge the gap. COVID froze trucks and cargo, and later funding pressure and leadership churn deepened the strain. By March 2025, TechCabal reported that founder Obi Ozor had returned with fewer than ten employees to pursue a turnaround.^[6] The evidence supports severe distress and restructuring, not a confirmed shutdown, bankruptcy, liquidation, or complete asset sale.

Founding Story

Obi Ozor and Ife Oyedele II founded Kobo360 in Nigeria after observing fragmented trucking coordination and long-haul delays. The company joined Y Combinator's Summer 2018 batch.^[1]

Their premise was that software could connect enterprise cargo owners with available truck owners and drivers while making bookings, shipment progress, and payments more legible. The market's trust and cash-flow gaps soon pulled Kobo360 beyond matching into finance, insurance, and driver support.

Timeline

2018: Kobo360 participated in YC S18.
2019: NIPC reported $1.2 million in pre-seed and working capital; TechCrunch later reported a $30 million equity-and-debt package.^[1]^[2]
2020: The pandemic froze trucks and cargo across Kobo360's markets.^[5]
2022: Ozor described a shift from growth subsidies toward unit economics, digitized collections, and tighter manufacturer payment terms. Kobo360 had sought a $100 million Series B and later closed about $48 million in equity and debt led by FEDA.^[5]
October 2024: CEO Cikü Mugambi resigned, according to TechCabal.^[6]
March 2025: TechCabal reported Ozor's return, fewer than ten employees, and a turnaround focused on traditional financing and haulage deals.^[6]

What They Built

Kobo360 matched enterprise cargo owners with partner truck owners and drivers and digitized booking, shipment visibility, and payment coordination.^[2] Its ambition expanded from spot freight matching into a Global Logistics Operating System.

The company added KoPay working capital, KoboSafe insurance, and KoboCare benefits such as health coverage and family tuition support. These services made participation more useful for transporters, but added credit, collections, underwriting, and regulatory exposure.^[2]^[5]

Market Position

Target Customers

Kobo360 served manufacturers and distributors that needed reliable regional freight, plus independent truck owners and drivers seeking loads, timely payment, and support services.

Market Size

IFC framed the opportunity around reducing middlemen and logistics costs in a market where freight could cost 1.4 to 2.8 times comparable U.S. levels.^[3] A 2019 profile reported 172 employees across Nigeria, Ghana, Côte d'Ivoire, Kenya, Togo, and Uganda, though audited customer, truck, and GMV figures were not found.^[1]

Competition

Kobo360 competed with brokers, fleet operators, other digital freight platforms, and cargo owners' internal logistics teams. Its partner network avoided owning every truck, while reliability still depended on route density, truck supply, diesel, maintenance, port delays, road conditions, claims, and collections.

Business Model

Kobo360 earned from freight transactions and related services. The central tension was cash conversion: drivers needed funds before or immediately after trips, while manufacturers reportedly paid 30 to 90 days later.^[6] Bank credit lines bridged that interval.

Insurance, working capital, and benefits strengthened network participation but widened the company's exposure. Country expansion multiplied local operations before route-level take rates, losses, collection performance, and margins were publicly proven.

Traction

Kobo360 raised a reported $30 million equity-and-debt package in August 2019 and planned expansion beyond Nigeria, Togo, Ghana, and Kenya into ten additional countries.^[2] In 2022, TechCrunch reported that the company closed about $48 million after finding a targeted $100 million Series B difficult to complete.^[5]

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