Logexa, a Saudi-based logistics technology company, has successfully closed a $2 million pre-Series A funding round. The investment was led by SEEDRA Ventures, with participation from Nour Nouf Ventures and several angel investors, marking a significant step in the startup’s mission to digitise and optimise the Kingdom’s supply chain.
Optimising Underutilised Logistics Capacity
Logexa operates on a shared-economy model, focusing on on-demand warehousing and transportation services. The platform addresses a key market inefficiency by connecting businesses, particularly SMEs, with warehouse operators and transport providers who have underutilised capacity. This “warehousing-as-a-service” approach allows companies to access flexible storage and logistics solutions without the need for significant capital expenditure on fixed assets, providing a cost-effective and scalable way to manage their supply chains.
Fueling Expansion and Platform Growth
The newly secured capital will be instrumental in fueling Logexa’s next phase of growth. The company plans to allocate the funds to expand its operational footprint across multiple cities in Saudi Arabia and enhance its core digital platform. A key strategic goal is the development and launch of a comprehensive digital marketplace for logistics and storage services, creating a more integrated and transparent ecosystem for all stakeholders. This investment will help solidify Logexa’s position by enabling smarter and more sustainable supply chain solutions across the Kingdom.
About Logexa
Founded in 2021 by Hussam Sindi and Hussam Spano, Logexa is a logistics technology company dedicated to transforming the supply chain sector in Saudi Arabia. By leveraging technology to aggregate and manage unused logistics assets, the company provides an online platform that connects warehouse operators and clients, offering flexible, efficient, and data-driven solutions for modern commerce.
Source: Wamda
