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Miishe Addy, a Ghanaian entrepreneur and businesswoman, has led her company, Jetstream Africa, a logistics technology company, to raise $13 million in pre-Series A equity and debt funding.
Addy, Jetstream’s co-founder and CEO, brings a wealth of experience in strategy, analysis, and legal transactions. She spent 12 years working for prestigious firms such as Wachtell Lipton and Bain & Company in New York, where she was a top-ranked analyst.
She has also worked for various development organizations in the United States, South America, and Sub-Saharan Africa, including TechnoServe, ProMujer, and Global Partnerships.
Addy’s expertise as a leading Ghanaian entrepreneur with a wealth of professional experience has proven invaluable in securing funding from a diverse group of investors, including Proparco, venture fund ASC VC, Nigerian venture capital firm Octerra, Senegal’s Wuri Ventures, Seed9, the MBA Fund, and the W Fund. Existing investors Alitheia, IDF, and Golden Palm also participated, and the debt round was led by fintech lender Cauris.
Before co-founding Jetstream, Addy served as a fellow for MEST Africa in Accra, Ghana, where she mentored aspiring software entrepreneurs and developed the market insights that would later form the foundation of Jetstream.
Jetstream’s platform allows exporters and importers to apply for trade finance, book shipments, and insure their goods in a fraction of the time it would take to coordinate those transactions individually with fragmented vendors.
The startup aims to help its customers make better decisions by aggregating the fragmented financing and logistics vendors that support trade across the continent’s 54 countries, and the funds from the pre-Series A round will be used to support Jetstream’s expansion into new countries and continued development of its technology platform.
Jetstream, according to the Ghanaian entrepreneur, has partnered with several key players, including multinational banks like Société Générale, pan-African e-insurance broker LAMI, led by Kenyan entrepreneur Jihan Abass, and cross-border payments operator MFS Africa, to establish itself as “the digital integrator of all the resources its customers need to grow their supply chains.”
She went on to say that the company has partnered with a francophone last-mile e-logistics player to establish a presence in francophone Africa and that the company should have expanded into the region by the end of the first quarter.
Addy’s and her team’s ability to secure funding from a diverse group of investors demonstrate their ability to navigate Ghana’s challenging environment as well as the potential of Jetstream’s platform to revolutionize Africa’s logistics sector.
