# Sote: Financial services, Palo Alto, United States

> Sote: Sote is an African logistics technology company founded in 2019 and headquartered in Kenya. Based in Palo Alto, United States. Founded 2019.

Source: https://millionrounds.com/startup/sote-2 (Millionrounds; every figure on the page links to its filing or article)

United States · [Financial services startup](https://millionrounds.com/companies)

# Sote

Sote is an African logistics technology company founded in 2019 and headquartered in Kenya.

Funding reported Last round: Seed

Financial services Palo Alto, United States

Company summary

- **Founded:** 2019 7 years old
- **Team:** 76 51 to 200 people
- **Funding reported:** $9.0M in dollars
- **Last round:** Seed Nov 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Sote has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Sote

Sote is an African logistics technology company founded in 2019 and headquartered in Kenya.

It provides digital infrastructure for supply chain management, customs clearance, freight forwarding, and trade facilitation, aiming to enhance transparency and efficiency in Africa's shipping industry. The company offers a comprehensive digital operating system designed to improve cross-border commerce and boost continental GDP. Sote delivers an integrated suite of services, including customs brokerage, air and sea freight, transportation, and warehousing. Its customer-facing software platform allows real-time tracking of shipments, payment history, and estimated arrival times. The platform also features workflow automation and analytics tools to streamline freight management, reduce costs, and optimize resources. Sote primarily serves B2B cargo owners, including manufacturers and distributors, facilitating their shipping operations across Africa.

## What company datasets say Sote raised

Funding, as reported

Reported in all **$9.0M** in dollars

Last round **Seed**

Last round size **$4.0M**

Last round date **Nov 2021**

## On 3 portfolio pages

Investors who name them

- [Backstage Capital](https://millionrounds.com/fund/backstage-capital)
- [Future Africa](https://millionrounds.com/fund/future-africa)
- [Consonance Investment Managers](https://millionrounds.com/fund/consonance)

Each firm lists Sote on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

freight insurtech enterprises information technology & services big data logistics & supply chain financial services enterprise software trucking fintech saas services data supply chain management logistics logistics software

Built with from their website

Amazon SES MailChimp Google Workspace Amazon Simple Email Service Apple Business Manager Google Meet Keybase GoDaddy Domains Amazon AWS GoDaddy Hosting

+3 more

Google Search Console Apple School Manager Gmail

- **Sector:** Financial services
- **Industry code:** NAICS 48851, 51321, 49311
- **Region:** California
- **Revenue:** $11K a year, as listed

## Financial services in United States

Startups like it

- [**Kalshi** New York · founded 2019 *Raised*](https://millionrounds.com/company/kalshi)
- [**Temporal** founded 2022 *Raised*](https://millionrounds.com/company/temporal)
- [**Vestwell** New York · founded 2016 *Raised*](https://millionrounds.com/company/vestwell)
- [**C2FO** Kansas City · founded 2008 *Raised*](https://millionrounds.com/company/c2fo)
- [**Yieldstreet** New York · founded 2015 *Raised*](https://millionrounds.com/company/yieldstreet)
- [**Flutterwave** San Francisco · founded 2016 *Raised*](https://millionrounds.com/company/flutterwave)
- [**Corgi** San Francisco · founded 2024 *Raised*](https://millionrounds.com/company/corgi)
- [**Alpaca** San Mateo · founded 2017 *Raised*](https://millionrounds.com/company/alpaca)

## Is this your company?

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