Cairo - Sharikat Mubasher: Egyptian digital logistics platform, Nowlun, successfully closed its $2.3 million seed round after securing $600,000 from Ingressive Capital in an extension funding round.

In a recent statement, Nowlin revealed that it will utilize the new capital to expand in Egypt and Saudi Arabia, accelerate the use of AI in logistics, and enhance its team to handle more shipments with greater efficiency, leveraging AI-driven insights across all areas of logistics.

Nowlun is also building a Logistics Assistant for ocean freight shippers in MENA and Africa to grant shippers instant access to insights and recommendations. This offering aims to simplify decisions and reduce costs, ultimately making global trade smarter and more reliable.

Moataz Khamis, CEO of Nowlun, commented: “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.”

Founded by Moataz Khamis, Mahmoud Khaled, and Ahmed Emara, Nowlun simplifies global freight in MENA by helping businesses move full container load (FCL) and bulk cargo efficiently. It harnesses AI to improve speed, transparency, and efficiency in a logistics sector still shaped by manual processes.