Nowlun, the digital logistics platform that simplifies global freight in the MENA region by helping businesses move full container load (FCL) and bulk cargo with speed and simplicity, and keeps them on top of every move with real-time tracking and instant updates, has closed its seed round at $2.3 million following a $600K extension led by Ingressive Capital, a prominent African VC.
This extension builds on Nowlun’s previously announced seed round, which was led by Nama Ventures and A15, with the participation of Sanabil 500 Global and other Angel investors. The initial funding fueled the company’s expansion into the Saudi market and the successful launch of its Bulk product – a dynamic rates engine enabling instant access to sea freight options.
With this new capital, Nowlun will accelerate the use of AI to redefine the logistics experience, empowering its internal team to handle more shipments with greater efficiency and equipping them with deep, AI-driven insights across all areas of logistics. At the same time, leveraging AI and decades of industry expertise, Nowlun is building a powerful Logistics Assistant for ocean freight shippers in MENA and Africa. This Logistics Assistant will give freight shippers instant access to insights and recommendations to simplify decisions, reduce costs, and make global trade smarter and more reliable across the region.
“This is more than just funding, it’s a strategic push to embed AI at the core of logistics,” said Moataz Khamis, Nowlun’s CEO. “We’re building your smart Logistics Assistant, a tool that puts decades of industry expertise in the palm of your hand, helping you make faster, smarter shipping decisions every day.”
The participation of Ingressive Capital also highlights the increasing role of African venture capitalists in supporting Egypt’s startup ecosystem and shaping the future of global logistics. Positioned between Asia and Europe, Africa has always been a crucial logistics hub, and investors like Ingressive are actively backing innovations that connect and empower the region.
“We believe the future of logistics in MENA and Africa will be built by founders who combine deep operational grit with cutting-edge AI,” said Maya Horgan Famodu, Founding Partner at Ingressive Capital. “Nowlun is not only modernising freight, they’re reimagining how trade moves across continents — with speed, transparency, and precision. We’re proud to back Moataz and his team as they build a category-defining platform for the region and beyond.”
Nowlun is doubling down on its growth in Egypt and Saudi Arabia, two strategic markets at the heart of global trade routes. This investment extension is not just about capital, it’s about accelerating the company’s mission to modernise logistics in the region.
As Nowlun expands its footprint, AI will be the engine driving this growth, bringing new levels of speed, transparency, and intelligence to an industry still burdened by manual processes and fragmented systems. In a sector where decisions are complex and often time-sensitive, AI is no longer optional; it’s the backbone of the next logistics revolution.
- Nowlun Raises $600K from Ingressive Capital - 06/24/2025
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