{"id":82801,"date":"2024-12-03T00:00:00","date_gmt":"2024-12-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/03\/nowlun-secures-usd-1-7-mn-in-seed-funding-round-to-drive-regional-expansion\/"},"modified":"2024-12-03T00:00:00","modified_gmt":"2024-12-03T00:00:00","slug":"nowlun-secures-usd-1-7-mn-in-seed-funding-round-to-drive-regional-expansion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/03\/nowlun-secures-usd-1-7-mn-in-seed-funding-round-to-drive-regional-expansion\/","title":{"rendered":"Nowlun secures USD 1.7 mn in seed funding round to drive regional expansion"},"content":{"rendered":"

Egyptian digital shipping platform <\/strong>Nowlun<\/a><\/strong> has raised USD 1.7 mn in a seed funding <\/strong>round led by Saudi Arabia\u2019s Nama Ventures and Egyptian VC A15<\/strong>, with participation from Sanabil 500 Global and prominent angel investors, according to a press release<\/a>.<\/p>\n

Where is the money going? <\/strong>The funds will be used to accelerate Nowlun\u2019s MENA expansion, enhance its shipment management platform, and expand its real-time cargo tracking capabilities, CEO Moataz Khamis (LinkedIn<\/a>) told Al Mal<\/a>.<\/p>\n

What\u2019s next?<\/strong> Nowlun aims to double its workforce by 2025 to support its regional and global growth plans. The company is planning to add Jeddah and Damman branches to its current roster of offices in Cairo, Alexandria, and Riyadh next year, Khamis said.<\/p>\n

Another funding round in the works? <\/strong>Nowlun plans to launch a fresh round of funding in 2H 2025, Khamis added.<\/p>\n

About Nowlun: <\/strong>Founded in 2021 by Moataz Khamis, Mahmoud Khaled, and Ahmed Emara, the online freight forwarding platform offers real-time pricing and booking from 30+ shipping lines. The startup\u2019s shipment management system gives customers comprehensive control over tracking cargo and troubleshooting any issues during delivery.<\/p>\n","protected":false},"excerpt":{"rendered":"

The startup aims to expand regionally, enhance its platform, and expand real-time cargo 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