Egyptian logistics startup Nowlun has secured $1.7 million in seed funding to drive its expansion and enhance its freight-forwarding platform.
Launched in 2021 by Moataz Khamis, Mahmoud Khaled, and Ahmed Emara, Nowlun provides an online freight-forwarding solution that allows customers to compare various services and pricing options tailored to their needs. The platform offers instant access to transparent and competitive ocean freight rates, efficient shipment management, and real-time cargo tracking.
The $1.7 million funding round was led by Nama Ventures and A15, with additional support from Sanabil 500 Global and notable angel investors. The fresh capital will enable Nowlun to scale its operations and further innovate its platform to address inefficiencies in the logistics sector.
“Over my 10 years in logistics, I’ve seen the daily challenges and inefficiencies faced by shippers,” said Moataz Khamis, CEO and co-founder of Nowlun. “Our mission is to revolutionize the industry with advanced technology. This funding will help us simplify the shipping process and make it more efficient for shippers worldwide.”
Mohammed Alzubi, founder and managing partner of Nama Ventures, expressed confidence in Nowlun’s potential. “We were impressed by their deep industry expertise, significant traction in the Saudi market, and ambitious vision for disrupting the logistics space. We’re confident Nowlun has the right team to lead this transformation.”
Nowlun’s innovative approach and customer-centric model position it as a key player in reshaping the logistics landscape in the region and beyond.
