Local and regional investors lead Nowlun seed funding round: Egyptian digital shipping platform Nowlun has raised USD 1.7 mn in a seed funding round led by Saudi Arabia’s Nama Ventures and Egyptian VC A15, with participation from Sanabil 500 Global and prominent angel investors, according to a press release.

Where is the money going? The funds will be used to accelerate Nowlun’s expansion in the MENA region, enhance its shipment management platform, and expand its real-time cargo tracking capabilities, Al Mal reported, citing the company CEO Moataz Khamis.

What’s next? Nowlun aims to expand its workforce from 40 to 100 employees by 2025 to support its regional and global growth plans. The company also plans to add Jeddah and Damman branches to its current roster of offices in Cairo, Alexandria, and Riyadh next year, according to Khamis.

Another funding round is also in the works: Nowlun plans to launch a fresh investment round in the second half of 2025.

What they said: “Driven by a sense of responsibility, my team and I are committed to transforming this industry using cutting-edge technologies. This funding will enable us to further simplify the shipping process and make shippers’ lives easier,” said Khamis.

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