Middle East and North Africa, December 2024 — Nowlun, a digital freight forwarding platform disrupting the logistics industry in the Middle East and North Africa (MENA), has raised $1.7 million in seed funding. The funding round was led by Nama Ventures and A15, with participation from Sanabil 500 Global and prominent angel investors.
The newly acquired capital will support Nowlun’s regional expansion and further development of its cutting-edge technology, which offers businesses transparent ocean freight rates, streamlined shipment management, and real-time cargo tracking.
Transforming the Logistics Landscape
Nowlun is redefining freight forwarding, the intricate process of organizing and coordinating shipments through partnerships with carriers. By leveraging innovative technology, the platform enables businesses to make faster, more informed decisions while gaining complete control over their shipments.
With its user-friendly interface, Nowlun integrates with major shipping lines, providing real-time pricing and advanced shipment management features. These include instant notifications, cargo tracking, and proactive issue resolution, ensuring seamless logistics operations.
Rapid Growth and Market Impact
Launched in 2021 by Moataz Khamis (CEO), Mahmoud Khaled (CTO), and Ahmed Emara (COO), Nowlun has swiftly established itself as a key player in MENA’s logistics market. The platform’s comprehensive integration with shipping lines and focus on operational efficiency has driven significant market traction, especially in Saudi Arabia.
“Since our inception, we’ve been committed to simplifying logistics and addressing inefficiencies using technology. This funding will accelerate our mission to transform the shipping process for businesses across MENA,” said Moataz Khamis, CEO of Nowlun.
Endorsements from Leading Investors
Mohammed Alzubi, Founder of Nama Ventures, expressed confidence in Nowlun’s leadership and growth trajectory. “The team’s expertise and remarkable traction in Saudi Arabia position Nowlun as a catalyst for change in the logistics sector.”
Bassem Raafat, Venture Partner at A15, highlighted Nowlun’s innovative approach, stating, “With its potential to redefine freight forwarding, Nowlun stands at the forefront of bringing efficiency and transparency to an industry ripe for disruption.”
The Future of Freight Forwarding
Armed with fresh funding and a bold vision, Nowlun is poised to expand its footprint across the region, offering businesses a smarter, more efficient way to manage their logistics. The company’s focus on transparency, technology, and seamless operations is set to shape the future of freight forwarding in MENA.