KEY POINTS
- Nowlun secures $1.7M for MENA logistics expansion.
- Cutting-edge platform offers instant freight quotes, real-time tracking.
- Investors back Nowlun’s disruption of the $100 Billion logistics market.
Nowlun, an Egyptian startup logistic firm has raised $1.7 million through seed funding to boost its operations and competitiveness in the freight forwarding sector.
This will accelerate its regional expansion and enhance its digital freight forwarding platform, the company announced.
Nowlun secures funding to revolutionize freight
According to Zawya, the funding round was championed by Nama Ventures, A15, Sanabil 500 Global, and a group of angel investors.
Nowlun was founded in 2021 by Moataz Khamis, Mahmoud Khaled, and Ahmed Emara.
It has brought about a paradigm shift in the sector through its cutting-edge technology that offers instant freight quotes, real-time shipment tracking, and streamlined shipment management.
Innovation in freight forwarding
Nowlun’s technology integrates with major global shipping lines, giving businesses access to real-time pricing and shipment data.
This allows users to make informed decisions and streamline their logistics processes.
“Driven by responsibility, my team and I are transforming the industry with cutting-edge technology,” said CEO and Co-Founder Moataz Khamis.
“This funding empowers us to simplify shipping and enhance user experience.”
Key features of Nowlun’s platform include instant and real-time ocean freight rates, visibility into cargo movements and proactive issue management. It also streamlined systems for efficient shipment oversight.
Investor confidence in a disruptive startup
Leading investors are backing Nowlun’s vision to modernize logistics in a $100 billion regional market.
“We are thrilled to support Nowlun in its mission to reshape freight forwarding,” said Bassem Raafat, Principal at A15. “Their expertise and technology position them for transformative industry impact.”
Nama Ventures and Sanabil 500 Global also noted Nowlun’s potential to address inefficiencies in MENA’s logistics sector while enabling scalable growth.
Expanding across MENA
With this funding, the company aims to expand its presence in the MENA region to address logistical bottlenecks and unlock new market opportunities by leveraging its advanced technology.
The investment reflects increasing interest in logistics technology startups that streamline supply chains and digitize operations, a trend vital to MENA’s infrastructure modernization.
