Miishe Addy Jetstream Africa Gets $13 Million To Expand Operations

Ghanaian trailblazing entrepreneur, Miishe Addy has secured $13 million for her logistics technology company Jetstream Africa in pre-Series A equity and debt funding. The new funding will facilitate the company’s expansion into new countries and improve its service offerings across various logistics and financing vendors.

The new investment which comes 18 months after Jetstream Africa announced a $3 million seed round will ensure an advanced development of Jetstream Africa’s technology platform.

Addy, Jetstream Africa’s co-founder, and CEO, who made the announcement, possess a wealth of experience in strategy, analysis, and legal transactions. According to Billionaire Africa, Addy worked long years as a top-ranked analyst for Wachtell Lipton and Bain & Company in New York.

Miishe Addy’s Background

Jetstream Africa’s CEO, Addy also worked for several development organisations in the United States, South America, and Sub-Saharan Africa. Addy further served as a fellow for MEST Africa in Accra, Ghana, where she mentored aspiring software entrepreneurs and developed market insights that formed the foundation of Jetstream.

Speaking about the funding, Addy noted that Jetstream has partnered with several key players, including multinational banks like Société Générale, and pan-African e-insurance broker LAMI, and they aim to double the current figure fivefold by the end of 2023.

As a leading Ghanaian entrepreneur, Addy’s expertise has been reflected in her ability to secure funding from a diverse group of investors. Some of them include Proparco, venture fund ASC VC, Nigerian venture capital firm Octerra, Senegal’s Wuri Ventures, Seed9, the MBA Fund, and the W Fund.

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An African logistics firm in the spotlight

Miishe Addy has been able to put Jetstream Africa at the fore via a series of funding from a diverse group of investors. This further positions the firm as a revolutionary player in Africa’s logistics industry. It also spotlights its ability to navigate Ghana’s challenging environment.

Through Jetstream’s platform, exporters and importers can easily apply for trade finance, book shipments, and insure their goods. It also provides customers with a variety of information that helps them make better decisions.

Recall that Jetstream earlier secured $1 million in debt financing in mid-2021, and disbursed a total of approximately $9 million in loans.

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