Jeddah-based logistics tech company Logexa has secured USD 2 mn in a pre-Series A funding round, Waya reports. The funding round witnessed the participation of Seedra Ventures, Nour Nouf Ventures, and a group of angel investors.

Where will the money go? The company plans to use the funds to expand its operations across several cities in the Kingdom, develop its technology platform, build an integrated digital marketplace, and enhance its digital solutions, including real-time tracking and data analytics applications.

About Logexa: Founded in 2021 by Husam Sendi (LinkedIn) and Husam Sabano (LinkedIn), Logexa is a digital logistics platform that connects storage and transport service providers with users through a unified digital interface. It operates through a model that aims to capitalize on underutilized storage and transport spaces.

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