Nowlun Gets $1.7M to Transform Freight Logistics in MENA
TLDR
- Egypt's Nowlun has raised $1.7 million in seed funding
- This startup operates a digital freight forwarding platform in the Middle East and North Africa
- The funding will support Nowlun’s expansion and further development of its technology platform
Nowlun, a digital freight forwarding platform operating in the Middle East and North Africa (MENA), has raised $1.7 million in seed funding.
The round was led by Nama Ventures and A15, with participation from Sanabil 500 Global and angel investors. The funding will support Nowlun’s expansion and further development of its technology platform.
Founded in 2021, Nowlun streamlines the logistics process with instant ocean freight rates, real-time shipment tracking, and proactive management tools. The platform integrates with major shipping lines, offering businesses real-time pricing and visibility into cargo movements.
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Key Takeaways
Nowlun aims to tackle inefficiencies in freight logistics by leveraging advanced technology. With its funding, the company plans to expand its reach in the MENA region and enhance its platform’s capabilities. Investors cite Nowlun’s strong traction in Saudi Arabia and its potential to drive transparency and innovation in the supply chain ecosystem as key factors in their support.
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