Egypt's Nowlun Secures Seed Round Extension Led by Ingressive Capital

Egyptian logistics startup Nowlun has secured a US$600,000 seed round extension led by Ingressive Capital, raising its total funding to US$2.3 million. The Cairo-based company provides an online freight forwarding platform that lets users compare and book shipping services tailored to their needs.

Founded in 2021 by Moataz Khamis, Mahmoud Khaled, and Ahmed Emara, Nowlun plans to use the funds to scale its AI-powered Smart Logistics Assistant, expand operations across Egypt and Saudi Arabia, and improve decision-making in the region’s fragmented shipping industry.

“This is more than just funding; it’s a strategic push to embed AI at the core of logistics,” said CEO Moataz Khamis. “We’re building your smart Logistics Assistant — a tool that puts decades of industry expertise in the palm of your hand, helping you make faster, smarter shipping decisions every day.”