E-Commerce Logistics SaaS tech startup raises US$[1.2] million to fund its expansion

Dubai-based logistics Software as a Service (SaaS) startup zip24 has raised US$1.2 million in a pre-series round, led by London-based Sturgeon Capital, along with Angel investors from the UK and Gulf Cooperation Council (GCC) countries, including Hayaat Group, Teqvisory, and Robert Kay. • The latest USD $1.2 million round will fund the expansion of zip24’s tech, product & operations teams in Tashkent, Dubai, and London. zip24 plans to strengthen operations by deploying direct sales and support personnel in Dubai, United Arab Emirates (UAE) & expand to the UK during the second half of 2021. We find the combination of a founding team of seasoned entrepreneurs and operators tackling an important issue in underserved and increasingly large markets, to make the opportunity particularly compelling, and are very much looking forward to working with the company” said Mr. Kiyan Zandiyeh, CEO Sturgeon Capital zip24 is currently enhancing its delivery and fulfillment cloud-based SaaS stacks, Shipox and Storfox, respectively. Founded by Ex-Amazon and SaaS entrepreneurs in the Middle East and Central Asia regions, zip24 is headquartered in Dubai, in the United Arab Emirates.