• Latest
  • Trending
Egypt’s Nowlun closes $2.3 million seed round to scale AI logistics across MENA, Africa

Egypt’s Nowlun closes $2.3 million seed round to scale AI logistics across MENA, Africa

June 26, 2025
Orange Egypt partners with mnGm to introduce gold trading via mobile wallets

Orange Egypt partners with mnGm to introduce gold trading via mobile wallets

September 26, 2025
BII injects $20 million into Acumen initiative targeting Africa’s off-grid communities

BII injects $20 million into Acumen initiative targeting Africa’s off-grid communities

September 26, 2025
PesaLink and Tendepay join forces to digitise enterprise payments in Kenya

PesaLink and Tendepay join forces to digitise enterprise payments in Kenya

September 26, 2025
How Africa’s Gen Z founders are building startups before graduation

How Africa’s Gen Z founders are building startups before graduation

September 26, 2025
YouTube now lets viewers turn off video end screens

YouTube now lets viewers turn off video end screens

September 26, 2025
Apple iPhone 18 Pro rumours: Design, performance, and camera upgrades

Apple iPhone 18 Pro rumours: Design, performance, and camera upgrades

September 26, 2025
South African investment giant raises caution on Bitcoin ETF risks

South African investment giant raises caution on Bitcoin ETF risks

September 26, 2025
OpenAI’s ChatGPT Pulse now available for Pro users

OpenAI’s ChatGPT Pulse now available for Pro users

September 26, 2025
MSport 2025

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

September 25, 2025
MNT-Halan introduces Egypt’s first secure lending solution via Halan App

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

September 25, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News

Egypt’s Nowlun closes $2.3 million seed round to scale AI logistics across MENA, Africa

Modupeoluwa Olalere by Modupeoluwa Olalere
June 26, 2025
141 9
0
Egypt’s Nowlun closes $2.3 million seed round to scale AI logistics across MENA, Africa
466
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Egypt-based digital logistics startup Nowlun announced on Tuesday that it has secured an additional $600,000 in funding, closing its seed round at $2.3 million. This extension was led by Ingressive Capital, a prominent African venture capital firm, and builds on an earlier $1.7 million seed round led by Nama Ventures and A15.

Nowlun’s AI-driven logistics platform gains momentum

Founded in 2021 by Moataz Khamis, Mahmoud Khaled, and Ahmed Emara, Nowlun simplifies global freight forwarding across the MENA region by helping businesses move full container loads (FCL) and bulk cargo efficiently. The platform offers real-time tracking, instant updates, and price comparisons, making freight forwarding faster and more transparent in a traditionally manual sector.

With the new capital, Nowlun plans to accelerate the development of its AI-powered Smart Logistics Assistant. This tool will provide ocean freight shippers with instant insights and recommendations, helping them make smarter, faster shipping decisions while reducing costs. CEO Moataz Khamis emphasised, “We’re building your smart Logistics Assistant—a tool that puts decades of industry expertise in the palm of your hand.”

The company also expands operations in Egypt and Saudi Arabia, two strategic markets for global trade routes. The funding will enable Nowlun to handle more shipments more efficiently by embedding AI across all logistics operations.

RelatedPosts

Mastercard, HyperPay drive digital payments in MENA

Moroccan AI startup Jobzyn secures investment from Janngo Capital

Endeavor Catalyst to raise $300 million to boost MENA startups amid global funding crunch

Strategic investment highlights growing African VC role

Ingressive Capital’s participation underscores the increasing influence of African venture capital in Egypt’s startup ecosystem and the broader logistics sector. Maya Horgan Famodu, Founding Partner at Ingressive Capital, stated, “Nowlun is not only modernising freight; they’re reimagining how trade moves across continents with speed, transparency, and precision.” She added that the firm is proud to support Nowlun as it builds a category-defining platform for the MENA region and beyond.

Moataz Khamis also highlighted the convergence of logistics needs across Africa and MENA, noting that “our platform is built to meet those shared needs, with the flexibility to adapt to local dynamics.” The partnership with Ingressive Capital opens doors to deeper regional insights and strategic networks across sub-Saharan Africa, aligning with Nowlun’s vision to expand beyond MENA.

With AI now the backbone of freight logistics, Nowlun’s approach combines automation, predictive shipment planning, and intelligent customer support to transform a sector still dominated by manual processes. Khamis remarked, “AI is no longer a luxury in freight, it’s the new backbone.”

This $2.3 million seed round positions Nowlun to scale its technology and market presence. It aims to make global trade smarter, faster, and more reliable across MENA and Africa.

Tags: AI logisticsMENANowlun
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.