- Saudi-based logistics provider Logexa has concluded a $2 million pre-Series A funding round, led by SEEDRA Ventures and including investments from Nour Nouf Ventures and several angel investors.
- Founded in 2021 by Hussam Sindi and Hussam Spano, Logexa focuses on shared warehousing and transport by utilising underused storage and logistics capacity across Saudi Arabia.
- Funds will be used to scale operations, improve the digital platform, and launch a marketplace for logistics and storage services.
Press release:
Saudi-based logistics technology company Logexa has successfully concluded a $2 million pre-Series A funding round, led by SEEDRA Ventures and including investments from Nour Nouf Ventures and several angel investors.
Logexa operates in the shared warehousing and transportation sector, focusing on optimising underutilised storage and transport capacity across multiple Saudi cities.
With the new financing, the company plans to expand its operations, enhance its platform, and build a comprehensive digital ecosystem and marketplace for logistics and storage services.
Founded in 2021 by Hussam Sindi and Hussam Spano, Logexa is reshaping the future of logistics by enabling smarter, more efficient and sustainable supply-chain solutions across the Kingdom.