{"id":614266,"date":"2024-01-30T00:00:00","date_gmt":"2024-01-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/30\/logistics-startup-roboost-closes-usd-3-mn-investment-round\/"},"modified":"2024-01-30T00:00:00","modified_gmt":"2024-01-30T00:00:00","slug":"logistics-startup-roboost-closes-usd-3-mn-investment-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/30\/logistics-startup-roboost-closes-usd-3-mn-investment-round\/","title":{"rendered":"Logistics startup Roboost closes USD 3 mn investment round"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Roboost <\/strong><strong>raises USD 3 mn from regional VCs:<\/strong> AI-powered logistics startup <a target=\"_blank\" href=\"https:\/\/roboost.app\/\" style=\"\" rel=\"noopener\">Roboost<\/a> has raised USD 3 mn in an investment round led by Jordan-based VC Silicon Badia with participation from regional VC firm <a target=\"_blank\" href=\"https:\/\/www.flat6labs.com\/\" style=\"\" rel=\"noopener\">Flat6Labs<\/a>, Saudi firm <a target=\"_blank\" href=\"https:\/\/rzm.com.sa\/ar\/\" style=\"\" rel=\"noopener\">RZM Investment<\/a>, and Saudi angel investors, Roboost said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/2416.pdf\" style=\"\" rel=\"noopener\">statement (<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/2416.pdf\" style=\"\" rel=\"noopener\">pdf<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/2416.pdf\" style=\"\" rel=\"noopener\">)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All about Roboost:<\/strong> The Egypt-born startup leverages AI to automate delivery management for businesses \u2014 including order dispatching and fleet management \u2014 in order to achieve faster delivery rates. It currently operates in Egypt, Saudi Arabia, Kuwait, Morocco and Tunisia, with clients like Cinnabon, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b708cb4f-36f2-41f9-a001-4b00bfcbe2b4\" style=\"\" rel=\"noopener\">McDonald\u2019s<\/a>, Koshari Abou Tarek, and El Ezaby Pharmacy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regional expansion up next<\/strong><strong>:<\/strong> Roboost will use the money to scale up its business \u201cacross the MENA region\u2019s entire delivery market, while also expanding its e-commerce and middle-mile offerings with more tailored automated solutions,\u201d the statement read.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cThis investment enables us to bring Roboost\u2019s transformative power to businesses across the MENA region and propel the next phase of our growth, by making Roboost the copilot for any enterprise's delivery operations,\u201d CEO and co-founder Mohamed Gessraha (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/mohamed-gessraha\/?originalSubdomain=eg\" style=\"\" rel=\"noopener\">LinkedIn<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Roboost will use the funds to expand across the MENA region<\/p>\n","protected":false},"author":1,"featured_media":614267,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[72,697,8337,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-614266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-flat6labs","tag-roboost","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"d26150d7-a09e-4bbd-a6c5-d119ea11977b","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2428.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt-born logistics startup Roboost raises USD 3 mn investment","related_issue":[614257],"teaser":"Roboost will use the funds to expand across the MENA region","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.85ce682c-efb1-42b0-9504-93e437efa618.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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We have reached the midweek point as we approach the upcoming weekend and end of January (already). THE BIG STORY TODAY The EGX30 is now in bull market territory for 2024, with its year-to-date return rising to 21.9% after the index closed up\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/259.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":617914,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/acuds-assets-have-tripled-in-value-post-float-plus-news-from-nbe-itida-al-ahly-momkn-ifc-capricorn-energy\/","url_meta":{"origin":614266,"position":2},"title":"ACUD\u2019s assets have tripled in value post float. PLUS: News from NBE, ITIDA, Al Ahly Momkn, IFC, Capricorn Energy","author":"enterpriseam admin","date":"31 March 2024","format":false,"excerpt":"Three industrial developers have so far submitted offers for 1 mn sqm plots each in phase 2 of the new capital","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2645.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607898,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/11\/saudi-egyptian-alliance-mull-local-startup-mazaid-stake-while-akhdar-awfar-and-obm-education-secure-saudi-funds\/","url_meta":{"origin":614266,"position":3},"title":"Saudi-Egyptian alliance mull local startup MazAid stake, while Akhdar, Awfar, and OBM Education secure Saudi funds","author":"enterpriseam admin","date":"11 October 2023","format":false,"excerpt":"The Saudi-Egyptian alliance is looking to acquire nearly half of the homegrown startup","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/558.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":660221,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/what-went-down-during-the-vc-summit\/","url_meta":{"origin":614266,"position":4},"title":"What went down during the VC Summit","author":"enterpriseam admin","date":"9 February 2025","format":false,"excerpt":"Flat6Labs set to reach the first close of its USD 85 mn Africa Seed Fund by June","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/688.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545562,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/04\/mental-health-startup-o7-therapy-raises-usd-2-1-mn-seed-round-flat6-launches-new-saudi-fund\/","url_meta":{"origin":614266,"position":5},"title":"Mental health startup O7 Therapy raises USD 2.1 mn seed round + Flat6 launches new Saudi fund","author":"enterpriseam admin","date":"4 April 2022","format":false,"excerpt":"Egyptian online mental health startup O7 Therapy has raised a USD 2.1 mn seed round in what the startup says is the largest seed round for a mental health startup in the Middle East, the company announced in a press release (pdf). 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