News
Ridelink closes $1.1 million oversubscribed Pre-Seed for AI-powered logistics marketplace
Kampala logistics platform Ridelink has closed an oversubscribed $1.1 million pre-seed with Morgan Stanley, Digital Africa, Orbit Ventures and others to deepen AI automation.
By Propel Africa · 2025-11-17
TechCabal reported on 17 November that Ridelink has closed an oversubscribed pre-seed round of $1.1 million. Investors include Morgan Stanley Inclusive Ventures Lab, the Fuzé Fund of Digital Africa (AFD), Orbit Ventures, Expert Dojo and the Google For Startups Black Founders Fund. Oscar Ramos is managing general partner at Orbit Ventures.
What the company does
Ridelink is based in Kampala and runs an AI-powered logistics and trade-infrastructure platform that matches businesses with vetted transporters. It offers predictive pricing and embedded finance across trade corridors through two layers: Adrian AI for pricing, matching and route optimisation, and Boo$T for embedded trade credit. Daniel Mukisa is CEO.
Traction
The B2B platform launched in 2021 and now serves more than 6,000 SMEs and 275 enterprises, including PepsiCo. It has over 25,000 vetted transporters and processes millions of dollars in monthly GMV.
What the money is for
Funds will go mainly to product and engineering, expanding corridor coverage and scaling Adrian AI and Boo$T. Mukisa said: "Our marketplace remains the heart of what we do". The company is also preparing a Seed or Pre-Series A raise.
At a glance
- Company: Ridelink
- Raised: $1.1 million
- Round: Pre-Seed (final close, oversubscribed)
- Investors: Morgan Stanley Inclusive Ventures Lab, Digital Africa, Orbit Ventures, Expert Dojo, Google Black Founders Fund
- Launched: 2021
- Based in: Kampala, Uganda
- Key number: 25,000+ vetted transporters