Nowlun Secures $1.7 Million in Seed Investment to Boost up Enlargement and Improve Logistics Platform
Nowlun, an Egyptian logistics startup, has secured $1.7 million in seed investment to force its enlargement and fast-track the improvement of its platform.
The seed investment spherical, led through Nama Ventures and A15, noticed participation from outstanding angel buyers and Sanabil 500 Global.
Based in 2021 through Moataz Khamis, Mahmoud Khaled, and Ahmed Emara, Nowlun is a web-based freight forwarding platform that permits customers to check other products and services and pricing choices to fulfill their wishes.
“During the last decade in logistics, I’ve seen the day by day inefficiencies confronted through shippers,” mentioned Moataz Khamis, CEO and co-founder of Nowlun. “Motivated through a way of accountability, my crew and I are devoted to reworking the business with complicated generation. This investment will allow us to streamline the transport procedure and support the revel in for shippers.”
Mohammed Alzubi, founder and managing spouse of Nama Ventures, described Nowlun as a “very attention-grabbing” challenge.
“We had been inspired through their in depth business wisdom, cast traction within the Saudi marketplace, and transparent imaginative and prescient for disrupting the logistics sector. We’re assured that Nowlun has the best crew to force this alteration,” he mentioned.
The investment might be used to enhance Nowlun’s expansion objectives and accelerate the improvement of its platform, which gives real-time monitoring of shipment, environment friendly cargo control, and quick, clear, and aggressive ocean freight pricing.