Nowlun Raises USD 1.7M Seed Funding to Transform Digital Freight Forwarding
Summary
Nowlun, a digital freight forwarding platform in MENA, has raised USD 1.7 million in seed funding, led by Nama Ventures and A15, with participation from Sanabil 500 Global and angel investors. The investment will support Nowluns expansion and the development of its technology, offering businesses instant, transparent ocean freight rates, streamlined shipment management, and real-time cargo tracking. Founded in 2021 by Moataz Khamis, Mahmoud Khaled, and Ahmed Emara, Nowlun has rapidly gained traction in the MENA logistics market by integrating with major shipping lines and providing businesses with real-time pricing and enhanced operational control.Nowlun, a digital freight forwarding platform in the Middle East and North Africa (MENA), has raised USD 1.7 million in seed funding, with Nama Ventures and A15 leading the round. The platform provides businesses with faster, more informed decisions and comprehensive control over their shipments.Launched in 2021 by Moataz Khamis (CEO), Mahmoud Khaled (CTO), and Ahmed Emara (COO), Nowlun has quickly become a key player in the MENA logistics market. It also provides advanced shipment management features, including cargo tracking, instant notifications, and proactive issue management.Moataz Khamis, CEO of Nowlun, emphasized the companys commitment to transforming logistics.