Egypt’s Nowlun Gets $2.3M to Build Freight Assistant for MENA, Africa
TLDR
- Nowlun has closed its $2.3 million seed round with a $600,000 extension led by Ingressive Capital
- The extension builds on earlier funding led by Nama Ventures and A15, with participation from Sanabil 500 Global and angel investors
- The Egypt-based startup will use the new capital to accelerate the integration of AI into its logistics operations
Nowlun, a digital freight platform simplifying full container load (FCL) and bulk cargo shipping, has closed its $2.3 million seed round with a $600,000 extension led by Ingressive Capital. The extension builds on earlier funding led by Nama Ventures and A15, with participation from Sanabil 500 Global and angel investors.
The Egypt-based startup will use the new capital to accelerate the integration of AI into its logistics operations. Nowlun aims to build a smart Logistics Assistant for ocean freight shippers across MENA and Africa, delivering instant insights to simplify shipping decisions, reduce costs, and increase operational efficiency.
Nowlun previously used its initial round to expand into the Saudi market and launch its Bulk product, which gives real-time access to sea freight rates. With AI now central to its strategy, the company plans to scale its team’s capacity and offer smarter freight services across key trade corridors.
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Key Takeaways
Nowlun’s seed extension reflects rising investor interest in digitizing global trade infrastructure in Africa and the Middle East. Backed by investors including Ingressive Capital and A15, the company is targeting inefficiencies in ocean freight, a sector still heavily reliant on manual processes. By combining domain expertise with machine learning, Nowlun is developing an AI-powered logistics assistant that delivers actionable recommendations and real-time insights to freight operators. Nowlun’s dual presence in Egypt and Saudi Arabia positions it along vital trade routes connecting Asia, Africa, and Europe. These regions are increasingly strategic for global logistics flows—and ripe for disruption by digital tools that offer transparency, speed, and data-driven decisions. For VCs like Ingressive, Nowlun represents a broader shift in African and MENA logistics, where AI is not just an add-on but the infrastructure enabling a smarter future. As the company scales, its tech-driven approach could redefine how freight is booked, priced, and tracked across emerging markets.
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