Nowlun, an Egyptian online freight forwarding platform, has successfully raised $1.7 million in seed funding to support its expansion and enhance platform development. The funding round was led by Nama Ventures and A15, with contributions from Sanabil 500 Global and notable angel investors.
Founded in 2021 by Moataz Khamis, Mahmoud Khaled, and Ahmed Emara, Nowlun enables customers to compare various freight services and rates tailored to their needs. The investment will help the startup expand its operations and refine its platform, which provides instant, transparent, and competitive ocean freight rates, efficient shipment management, and real-time cargo tracking.
Moataz Khamis, CEO and co-founder of Nowlun, said, “Throughout my decade in logistics, I’ve witnessed the daily inefficiencies shippers face. Driven by a sense of responsibility, my team and I are committed to transforming the industry using cutting-edge technology. This funding will empower us to further simplify the shipping process and make shippers’ lives easier.”
Mohammed Alzubi, founder and managing partner of Nama Ventures, described Nowlun as a “very interesting” investment, highlighting their deep domain expertise, strong presence in the Saudi market, and a clear strategy to disrupt the logistics sector. He added, “We have no doubt that Nowlun has the right team to lead this transformation.”