- Nowlun, a digital freight forwarding platform in MENA, has raised USD 1.7 million in seed funding, led by Nama Ventures and A15, with participation from Sanabil 500 Global and angel investors.
- The investment will support Nowlun’s expansion and the development of its technology, offering businesses instant, transparent ocean freight rates, streamlined shipment management, and real-time cargo tracking.
- Founded in 2021 by Moataz Khamis, Mahmoud Khaled, and Ahmed Emara, Nowlun has rapidly gained traction in the MENA logistics market by integrating with major shipping lines and providing businesses with real-time pricing and enhanced operational control.
Nowlun, a digital freight forwarding platform in the Middle East and North Africa (MENA), has raised USD 1.7 million in seed funding, with Nama Ventures and A15 leading the round. Sanabil 500 Global and angel investors also participated.
The funding will fuel Nowlun’s expansion and enhance its innovative technology. It is offering transparent ocean freight rates, streamlined shipment management, and real-time cargo tracking.
Transforming the Logistics Industry
Freight forwarding, the process of organizing and coordinating shipments via partnerships with carriers, is being transformed by Nowlun. The platform provides businesses with faster, more informed decisions and comprehensive control over their shipments.
Rapid Growth and Market Traction Since 2021
Launched in 2021 by Moataz Khamis (CEO), Mahmoud Khaled (CTO), and Ahmed Emara (COO), Nowlun has quickly become a key player in the MENA logistics market. The platform is integrating with all major shipping lines for real-time pricing and seamless operations.
Additionatly, Nowlun’s platform integrates with leading shipping lines, offering businesses access to real-time pricing. It also provides advanced shipment management features, including cargo tracking, instant notifications, and proactive issue management.
Leadership’s Vision for Industry Transformation
Moataz Khamis, CEO of Nowlun, emphasized the company’s commitment to transforming logistics. As it is using technology to simplify the shipping process and solve inefficiencies.
Nama Ventures’ Mohammed Alzubi praised Nowlun’s expertise and market traction, particularly in Saudi Arabia. Meanwhile, A15’s Bassem Raafat highlighted the company’s potential to revolutionize the freight forwarding industry with innovation and efficiency.
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