German logistics company, DHL eCommerce, the e-commerce logistics arm of DHL Group, acquired Saudi Arabia-base ..Read More

German logistics company, DHL eCommerce, the e-commerce logistics arm of DHL Group, acquired Saudi Arabia-based parcel logistics firm, AJEX, for an undisclosed amount. The acquisition strengthened DHL’s presence in the region, integrating AJEX’s express distribution, e-commerce, and freight services across Saudi Arabia, the UAE, Bahrain, and beyond.
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• Logistics

Saudi Arabia-based logistics startup, PIESHIP, secured $2.1 million in a seed funding round led by Nama Ventur ..Read More

Saudi Arabia-based logistics startup, PIESHIP, secured $2.1 million in a seed funding round led by Nama Ventures, with participation from SEEDRA Ventures and angel investors. A year earlier, the company raised an undisclosed pre-seed investment from the same investors. The latest funding will support PIESHIP’s expansion in the Saudi market, strengthening its warehouse management and logistics technology solutions.
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Egypt-based logistics startup, Fincart.io, raised an undisclosed amount in a pre-Seed funding round, led by Pl ..Read More

Egypt-based logistics startup, Fincart.io, raised an undisclosed amount in a pre-Seed funding round, led by Plus VC and joined by Plug and Play, Orbit Startups, Jedar Capital, and other regional investors. Founded in 2023 by Mostafa Elmasry and Nihal Ali, the funds will be used to enhance Fincart's platform, expand its courier network, and support the e-commerce market in Africa and the Middle East.
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UAE-based venture capital firm, Iliad Partners announced the launch and first close of its $50 million Iliad P ..Read More

UAE-based venture capital firm, Iliad Partners announced the launch and first close of its $50 million Iliad Partners Tech Ventures Fund I, backed by Jada Fund of Funds (a PIF company), the Olayan Family, and Masarrah Investment Company. The fund targeted early-stage B2B tech startups in the MENA region, with a focus on Saudi Arabia and the UAE, and verticals such as fintech, logistics, and proptech. It made its debut with investments in regional startups OTO, Penny, and Qashio.
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• Fintech
• Logistics
• Proptech
• Startups

Egypt-based logistics startup Nowlun raised $1.7 million in seed funding, led by Nama Ventures and A15, with p ..Read More

Egypt-based logistics startup Nowlun raised $1.7 million in seed funding, led by Nama Ventures and A15, with participation from Sanabil 500 Global and other angel investors. The funds will fuel Nowlun's expansion plans and accelerate the development of its platform.
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Morocco-based last-mile delivery startup, Cathedis has secured $0.713M in funding from Fond Capital Venture (F ..Read More

Morocco-based last-mile delivery startup, Cathedis has secured $0.713M in funding from Fond Capital Venture (FCV), the VC arm of BMCE Capital Investments, and Beltone Venture Capital. This investment will support Cathedis in scaling its operations, strengthening its infrastructure, and expanding its market presence domestically and internationally.
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• Logistics

South Africa-based e-commerce logistics startup Pargo has entered the Egyptian market following a $4 million i ..Read More

South Africa-based e-commerce logistics startup Pargo has entered the Egyptian market following a $4 million investment led by 3Capital Ventures, Endeavor, SAAD Investment Holdings, and UW Ventures. Established in 2014 by Derk Hoekert and Lars Veul, Pargo provides innovative delivery solutions designed to strengthen e-commerce across Africa. As part of this expansion, Pargo has introduced collection and return service points throughout Egypt.
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• Ecommerce
• Logistics

Morocco-based cross-border logistics startup, Colis.ma secured $0.3M in pre-Seed funding from Witamax, an inve ..Read More

Morocco-based cross-border logistics startup, Colis.ma secured $0.3M in pre-Seed funding from Witamax, an investment firm jointly created by Southbridge A&I and AXXAM Family Office and is managed by WITA Ventures. The investment will support Colis.ma in expanding its logistics coverage across Morocco’s five largest regions and six key European countries. Additionally, the funding will fuel plans to extend its reach into West Africa, aligning with its vision to enhance connectivity between African nations and Europe.
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• Logistics