Egypt-based logistics startup Nowlun has raised $1.7 million in seed funding in a round co-led by Nama Ventures and A15, with contributions from Sanabil 500 Global and a network of angel investors. This milestone highlights the growing appetite for tech-driven solutions in the logistics sector across the Middle East and Africa.
About Nowlun: Revolutionizing Freight Forwarding
Founded in 2021 by Moataz Khamis, Mahmoud Khaled, and Ahmed Emara, Nowlun operates as a digital freight forwarding platform designed to simplify logistics management for businesses. Its platform allows users to compare shipping services and prices from over 30 shipping lines in real time, eliminating the traditionally tedious process of securing freight quotes.
By focusing on user-centric design and technology, Nowlun aims to address inefficiencies in the logistics industry, offering immediate pricing and streamlined service options that enhance the decision-making process for businesses.
Strategic Use of the Funds
With the $1.7 million funding, Nowlun plans to:
- Expand Operations: Scale its platform to reach more businesses across Egypt and the broader region.
- Enhance Technology: Invest in AI-driven tools to further optimize freight comparisons and logistics management.
- Build Partnerships: Strengthen relationships with key stakeholders, including shipping lines, suppliers, and end-users, to create a more integrated ecosystem.
This funding is a crucial step toward positioning Nowlun as a leader in the regional logistics landscape, particularly as demand for efficient freight solutions continues to grow.
A Booming Logistics Landscape in Egypt
The seed funding round underscores the potential of Egypt’s logistics and technology sectors. The country’s strategic location as a gateway between Africa, the Middle East, and Europe makes it a natural hub for logistics innovation. Digital transformation in the industry is accelerating, fueled by startups like Nowlun that offer scalable, technology-enabled solutions.
By integrating modern technology into freight forwarding, Nowlun is poised to support businesses navigating complex supply chains, a key need in the current global trade environment.
Investor Confidence in Logistics Tech
The investment from high-profile backers such as Nama Ventures and A15 reflects growing confidence in tech-enabled logistics solutions. With an increasing number of businesses seeking digital alternatives to traditional freight operations, Nowlun’s ability to address inefficiencies has positioned it as a promising player in the industry.
According to the startup’s leadership, the funding will also be used to expand their product offerings and attract top talent to fuel growth in both domestic and international markets.
Looking Ahead: Nowlun’s Vision
Nowlun’s vision is to create a more transparent, efficient, and user-friendly logistics industry. By leveraging digital tools and data-driven solutions, the company aims to disrupt the freight forwarding market and set new standards for efficiency and customer experience.
The team remains committed to innovation, with plans to incorporate advanced analytics and predictive capabilities that will further enhance operational efficiency and empower businesses with actionable insights.
Conclusion
Nowlun’s $1.7 million seed funding is a significant milestone not just for the company but also for the logistics sector in Egypt and the broader region. As the industry continues to evolve, startups like Nowlun are driving meaningful change by introducing innovative, scalable solutions that address long-standing inefficiencies.
At The Logistic News, we celebrate the achievements of companies like Nowlun that are paving the way for the future of logistics. Stay tuned as we bring you more updates on the leaders and innovators transforming the supply chain landscape.
