{"id":71811,"date":"2023-07-04T00:00:00","date_gmt":"2023-07-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/07\/04\/uae-based-freight-platform-transportr-secures-seed-funding-round\/"},"modified":"2023-07-04T00:00:00","modified_gmt":"2023-07-04T00:00:00","slug":"uae-based-freight-platform-transportr-secures-seed-funding-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/07\/04\/uae-based-freight-platform-transportr-secures-seed-funding-round\/","title":{"rendered":"UAE-based Freight platform Transportr secures seed funding round"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">UAE-based digital freight platform <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.transportr.com\/\" style=\"\">Transportr<\/a><\/span><span style=\"font-weight:700\"> has completed an undisclosed AED <\/span><span style=\"font-weight:700\">eight-figure seed funding round<\/span><span style=\"\"> led by the VC arm of Abu-Dhabi-based private investment firm Ittihad International Investment, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ittihadventures.com\/\" style=\"\">Ittihad Ventures Holding<\/a><\/span><span style=\"\">, and their industrial arm <\/span><span style=\"\">Industrial Capital Group<\/span><span style=\"\">, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wamda.com\/2023\/06\/logistics-provider-transportr-closes-figure-seed-round\" style=\"\">press<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wamda.com\/2023\/06\/logistics-provider-transportr-closes-figure-seed-round\" style=\"\">release<\/a><\/span><span style=\"\">. <\/span><span style=\"\">The funding will be used mainly for running the current operations of the company, and to kickstart expansion, <\/span><span style=\"\">Transportr<\/span><span style=\"\"> CEO Hassan Khazem (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/in\/hassan-khazem-abb78630\/\" style=\"\">Linkedin<\/a><\/span><span style=\"\">) told Enterprise <\/span><span style=\"\">Logistics. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What's next? <\/span><span style=\"\">Transportr<\/span><span style=\"font-weight:400;\"> is currently preparing for its Series A funding round to be used for boosting the expansion and company\u2019s growth in the UAE this year, and their expansion into Saudi Arabia at the next stage, Khazem told us. The startup later plans to expand further into the GCC and MENA region, the release states. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About the startup<\/span><span style=\"\">: <\/span><span style=\"\">Transportr<\/span><span style=\"\"> is a multimodal digital freight platform offering freight services, including land, road, sea, rail and air, in addition to warehousing, and material handling. The startup connects shippers and carriers across industries with end-to-end services to make the movement of goods more efficient. <\/span><span>Transportr<\/span><span> received USD 2.7 mn seed funding back in 2022 from Ittihad Ventures Holding and Industrial Capital Group, Khazem confirmed.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The funds will be used to help kickstart its expansion plans<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[172],"tags":[17,651,171,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-71811","post","type-post","status-publish","format-standard","hentry","category-startup-watch","tag-enterprise-logistics","tag-startup","tag-startup-watch","tag-uae","wpautop","entry"],"acf":{"mongo_id":"93830142-f33b-436f-b606-345e73bce15f","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/5.jpg,https:\/\/www.wamda.com\/2023\/06\/logistics-provider-transportr-closes-figure-seed-round","photo_position":"above","homepage_title":"","full_issue_title":"UAE-based Freight platform Transportr secures seed funding round","related_issue":[71800],"teaser":"The funds will be used to help kickstart its expansion plans","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.178f7521-58ac-4bf1-a5b7-3fbd4440dc7e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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