Riyadh – Sharikat Mubasher: PIESHIP, a leading provider of smart logistics and last-mile solutions, announced the successful closure of its seed funding round, raising SAR 7.875 million ($2.1 million).

According to an official press release, the round was led by Nama Ventures, with participation from SEEDRA Ventures and several angel investors. The investment will fuel PIESHIP’s expansion in Saudi Arabia, targeting seven major cities: Jeddah, Makkah, Madinah, Dammam, Al Khobar, Qassim, and Khamis Mushait.

Additionally, the company plans to increase its network of registered drivers to 5,000 captains, enhancing delivery efficiency and flexibility.

Nasser Alharthi, Co-founder and CEO of PIESHIP, expressed confidence in the company’s future, stating that the funding will enable continued development of AI-powered logistics solutions. These advancements will improve service speed and efficiency, enhancing the overall customer experience.

Mohammed Al-Zoubi, Founder and Managing Partner at Nama Ventures, highlighted PIESHIP’s potential, emphasizing the company’s innovative approach to solving last-mile logistics challenges.