Nowlun, the premier digital freight forwarding platform in MENA, announced today that it has secured $1.7 million in seed funding. Leading angel investors and Sanabil 500 Global participated in the round, which was led by Nama Ventures and A15.
By providing instant, transparent, and competitive ocean freight rates, streamlined shipment management, and real-time visibility into cargo movements, Nowlun’s cutting-edge technology platform is revolutionizing the logistics sector, and this investment will support the company’s ambitious expansion plans.
As a major player in the MENA logistics market, Nowlun has quickly grown since its founding in 2021 by Moataz Khamis (CEO), Mahmoud Khaled (CTO), and Ahmed Emara (COO). By integrating with all of the major shipping lines, the company’s platform gives businesses unmatched access to real-time pricing, facilitating quicker and better decision-making. With its extensive control tower and cutting-edge shipment management system, Nowlun enables users to monitor their cargo in real-time, get immediate alerts, and take proactive measures to address any problems.
“Throughout my decade in logistics, I’ve witnessed the daily inefficiencies shippers face,” said Moataz Khamis, CEO and co-founder of Nowlun. “Driven by a sense of responsibility, my team and I are committed to transforming the industry using cutting-edge technology. This funding will empower us to further simplify the shipping process and make shippers’ lives easier.”
“Nowlun is a very interesting investment for us at Nama Ventures,” said Mohammed Alzubi, founder and managing partner of Nama Ventures. “We were impressed by their deep domain expertise, strong traction in the Saudi market, and clear vision for disrupting the logistics space. We have no doubt that Nowlun has the right team to lead this transformation.”
Bassem Raafat, Principal at A15, added, “We are thrilled to partner with Nowlun in their mission to revolutionise the freight forwarding industry. Their unique combination of deep domain expertise and cutting-edge technology positions them to make a transformative impact. We have great confidence in Nowlun’s team and their vision to drive efficiency, transparency, and innovation across the supply chain ecosystem.”
