Africa Logistic Properties Funding, Investors & Competitors

Africa Logistic Properties has raised $104M across 3 funding rounds, most recently a $4M seed round in May 2017.

Last Africa Logistic Properties funding round

$4M

Seed · May 2017

Cumulative funding Africa Logistic Properties raised

$104M

across 3 funding rounds

Key investors in Africa Logistic Properties

  • Maris Capital
  • British International Investment
  • DOB Equity
  • IFC
  • Sayani Investments
  • Mbuyu Capital Partners

Africa Logistic Properties Overview

About Africa Logistic Properties

Africa Logistics Properties is a Nairobi-based investment and development firm specializing in grade-A logistics and industrial properties across Africa. Backed by global institutional investors, its team brings two decades of emerging markets experience to projects in warehousing and distribution facilities.


Founded

2015

HQ

KenyaNairobi

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Africa Logistic Properties Funding History

Africa Logistic Properties has raised a total of $104M across 3 funding rounds.

Africa Logistic Properties' first fundraising round was a $52M seed round in January 2015. The most recent completed round was a $4M seed round in May 2017.

Africa Logistic Properties funding rounds

Africa Logistic Properties funding rounds
DateStageInvestorsRaisedDeal Summary
May 2017SeedDOB Equity (lead); Maris Capital$4MAfrica Logistics Properties (ALP) is a Kenyan-based integrated commercial property investment platform founded in 2015, focused on developing and managing modern grade-A warehousing facilities in the emerging logistics and industrial sector across East Africa, starting with projects in Nairobi on 71 acres of industrial-zoned sites. The company addresses the fragmented warehousing market in Kenya, characterized by congested locations and inefficiencies that hinder international companies and local SMEs, by providing built-for-purpose supply chain infrastructure to reduce logistical costs and enable business growth. ALP's management team has experience developing and managing 2 million square meters of modern logistics and distribution centers. In May 2017, DOB Equity led a growth equity round, investing up to $4 million alongside Maris Capital ($8 million), following a prior $35 million commitment from IFC and CDC Group in March, with additional participation from Mbuyu Capital Partners (up to $5 million), for a cumulative total around $47 million across these investments. The funds supported ALP's expansion of warehousing developments and operations across East Africa. DOB Equity highlighted ALP's innovative approach and strong leadership under CEO and co-founder Toby Selman.
Mar 2017Undisclosed stageMbuyu Capital Partners; British International Investment; IFC; Maris Capital$48MAfrica Logistics Properties (ALP) is a Nairobi-based integrated commercial property investment platform founded in 2015, specializing in the development and management of modern grade-A warehousing facilities to address gaps in logistics infrastructure across sub-Saharan Africa, starting with projects in Nairobi, Kenya. The company focuses on improving operational efficiencies, reducing waste from poor storage, speeding up product delivery, and enhancing product security in a market where transport costs represent 50-75% of retail prices and logistics expenses are two to three times higher than in developed countries. In March 2017, ALP completed an initial equity capital raise totaling around USD 58 million, with key investors including CDC Group (now British International Investment) contributing up to $25 million, IFC (International Finance Corporation) up to $10 million, Maris Capital $8 million, Mbuyu Capital Partners up to $5 million, and DOB Equity. Some sources reference a $48 million consortium investment or $60 million fundraising, but all emphasize the funds for developing warehousing in Nairobi, Kenya's trading hub in East Africa, on sites like 71 acres of industrial-zoned land. The investments aim to support ALP's initial projects, enabling global companies to expand operations by providing quality logistics infrastructure that consolidates fragmented transport, distribution, and inventory facilities. ALP's management team has prior experience developing and managing 2 million square meters of modern logistics and distribution centers in growth markets.
Jan 2015SeedSayani Investments (lead)$52M-

Who has invested in Africa Logistic Properties?

6 investors have backed Africa Logistic Properties across its funding rounds, including Maris Capital, British International Investment, DOB Equity, IFC, Sayani Investments and Mbuyu Capital Partners.

Lead investors include DOB Equity and Sayani Investments.


Africa Logistic Properties Investors

Investors in Africa Logistic Properties by funding rounds participated
InvestorHQRoundsRoleFirst check
Maris CapitalUnited KingdomUnited Kingdom2ParticipantMar 2017
DOB EquityNetherlandsZwolle1LeadMay 2017
Sayani InvestmentsKenyaNairobi1LeadJan 2015
Mbuyu Capital PartnersUnited KingdomLondon1ParticipantMar 2017

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Africa Logistic Properties Competitors

Africa Logistic Properties competitors include listed companies like Vingroup, Samsung C&T, Sun Hung Kai Properties and D.R. Horton, and private ones like Shanghai Taomao and REEF.

Public and private companies comparable to Africa Logistic Properties
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Shanghai TaomaoChinaChinaPrivate--$1.3B-
REEFUnited StatesMiami, FLPrivate--$19M-
VingroupVietnamVietnamPublicly listed$13B$3.1B$70B5.0x
Samsung C&TSouth KoreaSouth KoreaPublicly listed$30B$3.8B$42B1.4x
Sun Hung Kai PropertiesHong KongHong KongPublicly listed$10B$4B$40B4.2x
D.R. HortonUnited StatesUnited StatesPublicly listed$34B$4.7B$39B1.4x

Africa Logistic Properties Public Comps

Africa Logistic Properties is still privately-owned, but its public comps include Vingroup, Samsung C&T, Sun Hung Kai Properties, D.R. Horton, Goodman Group, Emaar Properties, Mitsubishi Estate, China State Construction Engineering, Mitsui Fudosan and China Resources Land.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Vingroup$13B$3.1B6.2x5.0x25.8x37.1x
Samsung C&T$30B$3.8B1.5x1.4x11.9x13.2x
Sun Hung Kai Properties$10B$4B4.8x4.2x12.4x12.4x
D.R. Horton$34B$4.7B1.3x1.4x9.5x10.4x
Goodman Group$1.8B-21.7x16.9x-20.0x
Emaar Properties$13B$6.9B2.0x1.9x3.9x4.0x
Mitsubishi Estate$11B$3.3B4.0x3.8x13.6x15.2x
China State Construction Engineering$310B$15B0.5x0.5x10.8x10.9x

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Common questions about Africa Logistic Properties

When was Africa Logistic Properties founded?Africa Logistic Properties was founded in 2015.
Where is Africa Logistic Properties headquartered?Africa Logistic Properties is headquartered in Nairobi, Kenya.
Is Africa Logistic Properties publicly listed?No, Africa Logistic Properties is a private, VC-backed company.
How much funding has Africa Logistic Properties raised?Africa Logistic Properties has raised $104M across 3 funding rounds.
What was Africa Logistic Properties' last funding round?Africa Logistic Properties' last funding round was a $4M seed round in May 2017, led by DOB Equity.
Who are Africa Logistic Properties' investors?Africa Logistic Properties' investors include Maris Capital, DOB Equity, Sayani Investments, Mbuyu Capital Partners, British International Investment and IFC.
Which companies are comparable to Africa Logistic Properties?Companies comparable to Africa Logistic Properties include Shanghai Taomao, REEF, Vingroup, Samsung C&T, Sun Hung Kai Properties and D.R. Horton.

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