UAE-based logistics platform HashMovesecured an undisclosed amount in a pre-series A funding round led by Bahraini VC Bunat Ventures, in collaboration with an unnamed Saudi business group, Wamdareports. The investment will support HashMove's expansion plans, including the relocation of its headquarters to Saudi Arabia. Enterprise Logistics was unable to reach a representative at the company ahead of dispatch time.

HashMove’s relocation to Riyadh comes as part of its growth and expansion strategy, which also saw it recently ink an agreement with United Warehousing Company (UWC), a prominent 3PL logistics powerhouse based in Jeddah. The partnership aims to establish UWC as one of the region's first digital third-party logistics providers.

About HashMove: HashMove was founded in 2017 by Noman Mohammad, Rayan Al Bakri, and Sarfaraz Alam. The company offers instant rate sourcing for first-mile logistics, booking features, and end-to-end cargo movements and tracking. Its multi-modal platform offers logistics services, including sea, air, and ground transportation, customs clearance, warehousing, and value-added logistics.

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