In a significant boost for the Palestinian tech ecosystem, last-mile delivery and e-commerce logistics startup Olivery has successfully closed its seed funding round. The investment was co-led by Ibtikar Fund, a leading Palestinian venture capital firm, and Flat6Labs, one of the MENA region’s most prominent seed-stage investors and accelerators.
The Investment Fueling Growth
While the exact amount of the seed investment remains undisclosed, the capital injection marks a crucial milestone for Olivery. The funds are earmarked for several key areas of development, including enhancing its proprietary technology platform, expanding its operational footprint within Palestine, and growing its sales and engineering teams. This strategic investment will enable Olivery to scale its services and meet the rapidly growing demand for efficient e-commerce fulfillment and delivery solutions in the market.
Tackling Palestine’s Last-Mile Challenge
Founded to address the unique logistical hurdles in the Palestinian market, Olivery provides a comprehensive suite of services for businesses. The company’s platform offers merchants and e-commerce stores a streamlined solution for warehousing, order fulfillment, and tech-powered last-mile delivery. By leveraging AI for route optimisation and providing real-time tracking for both vendors and customers, Olivery is bringing a new level of efficiency and transparency to a traditionally fragmented sector. This solves critical pain points such as delayed deliveries, high operational costs, and a lack of reliable tracking that have historically hindered the growth of online retail.
Strategic Backing from Regional VCs
The backing from Ibtikar Fund and Flat6Labs provides Olivery with more than just capital; it offers a strategic advantage. Ibtikar Fund brings deep local market knowledge and a network dedicated to fostering Palestinian innovation. Flat6Labs contributes its extensive regional network, mentorship, and a proven track record of scaling startups across the MENA region. This powerful combination of local expertise and regional reach positions Olivery for sustained growth and potential future expansion.
About Olivery
Olivery is a logistics technology company specializing in providing end-to-end solutions for e-commerce businesses in Palestine. Its integrated platform manages everything from inventory storage and fulfillment to final-mile delivery, empowering businesses to streamline their operations, reduce costs, and improve the customer experience through reliable and trackable shipping.
Looking Ahead
With fresh capital and the support of two of the region’s most active investors, Olivery is set to solidify its position as a leader in Palestine’s logistics tech space. The company’s immediate focus will be on deepening its market penetration and refining its service offerings. This successful seed round not only validates Olivery’s business model but also sends a strong signal about the resilience and potential of the Palestinian startup scene, showcasing its ability to produce innovative solutions for complex, real-world problems.
Source: Wamda
