Equity Firm Expands to Logistics, E-commerce

Feb 23 , 2019


RENEW Investment Advisers, a Canadian equity firm, founded its second investment in Ethiopia engaged in the logistics and e-commerce industries. Members of RENEW’s Impact Angel Network have funded a second investment in Roadrunner Technology Solutions LLC, which partners with Universal Courier Services Plc, a.k.a. Deliver Addis, to expand the burgeoning logistics and e-commerce industries in Ethiopia. Deliver Addis is a technology-based online food delivery company launched in October 2015. Roadrunner and Deliver Addis will utilise the Impact Angel’s initial investment to enhance and expand its restaurant delivery services for consumers in Addis Abeba..


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