• Logexa raises USD 2M to scale shared warehousing and transportation services across Saudi cities.
• Funding will support platform enhancement and creation of a digital logistics marketplace.
• Investors include SEEDRA Ventures, Nour Nouf Ventures, and several strategic angel investors.

Logexa

Saudi-based logistics technology startup Logexa closed a USD 2 million Pre-Series A funding round. The round saw participation from SEEDRA Ventures, Nour Nouf Ventures, and several angel investors.

Founded in 2021 by Hussam Sindi and Hussam Spano, Logexa is a logistics technology startup. It operates an on demand warehouse platform, providing digital solutions for shared warehousing and transportation. Moreover, it helps businesses optimize unused logistics resources across Saudi Arabia, improving efficiency and sustainability.

Logistics Technology

Essentially, its model operates in the shared warehousing and transportation sector. Its model focuses on maximizing underutilized storage and transportation spaces across multiple Saudi cities. Its mission is to enable smarter, more efficient and sustainable supply chain solutions. 

Looking ahead, with the funding, it aims to expand operations and strengthen its platform capabilities.  It also aims to build a comprehensive digital ecosystem and marketplace for logistics and storage services. Additionally, it seeks to foster a smarter, more efficient, and sustainable approach to supply chain management. It also plans to  leverage data and digital tools to enhance customer experience and operational efficiency. Furthermore,  it seeks to reinforce its position in the regional logistics ecosystem.
 

They seek to tackle the issue of warehouse providers having a problem filling their spaces but not wanting to deal with SMEs because it requires too much follow up and chasing invoices. Thus, its online platform acts as a bridge between warehouse operators and its clients. 

Bottom Line: Logexa raised USD 2 million to expand its shared logistics platform, enhancing efficiency and operations across Saudi Arabia. The funding will support platform development and broader adoption of its digital logistics solutions.