Regional startups raise funding rounds amid activity flurry

Regional startups raise funding rounds amid activity flurry

CAIRO: Startups across the Middle East and North Africa region have garnered substantial support through significant funding rounds over the last seven days.

The regional venture capital ecosystem experienced heightened activity, with startups securing large investments, with Saudi Arabia at the forefront.

The Kingdom’s logistics startup PIESHIP successfully closed an undisclosed pre-seed investment round from SEEDRA Ventures, Nama Ventures, and various angel investors.

Established in 2023 by founders Nasser Al-Harthi, Musaed Al-Amri, and Mohammed Mohsen, PIESHIP offers a comprehensive suite of logistics solutions.

These include warehouse management, a dedicated app for shipment deliveries, and a range of technical services aimed at enhancing logistics operations.

“PIESHIP provides innovative solutions in the logistics sector to improve the last-mile delivery companies’ experience, aiming to deliver shipments faster with practical communication tools with customers. PIESHIP has also enabled delivery companies to increase the efficiency of delivery representatives by creating an effective competitive environment among employees,” Al-Harthi said.

The company has announced plans to allocate the new funds towards its business expansion, as well as the research and development of innovative products and services aimed at enriching customer experience and operational efficiency.

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