Participated · Debt Financing · Jun 2023

Haul247 operates an end-to-end logistics marketplace and proprietary software that lets shippers book trucks and warehouse space, attach quotes, match requests to suitable assets, and track goods through fulfillment. The platform lists over 1,000 trucks and about 151,000 square meters of warehouse space and serves more than 21 multinationals (16 active). The company reports 20–22% gross margins, up to 95% asset utilization, positive unit economics, and roughly 50% month‑on‑month revenue growth, projecting $5M in annual revenue by year‑end. Founded in 2020 by Sehinde Afolayan with co‑founders Tobi Obasa and Akindele Phillips, Haul247 emphasizes integrated haulage and warehousing to offer a one‑stop logistics solution. Product roadmap items include an electronic proof‑of‑delivery feature to shorten payment cycles and improve transaction insights. The team plans to use growth to expand into additional African markets, increase multinational customers, and capture larger market share amid rising intra‑African freight demand under AfCFTA.