Saudi Shipping Platform OTO Raises $8m Series A Led by Sanabil to Expand Into UAE and Turkey
The Riyadh logistics-aggregation startup will use the July 2024 round to grow across the GCC and Turkey and add features for e-commerce merchants.
arabnews.comمصدر ثانوي
مجمّع من مصدر خارجي
OTO, the Saudi shipping-gateway and logistics-aggregation platform, raised $8 million (SAR 30 million) in a Series A round led by Sanabil Investments, with participation from Sadu Capital, Iliad Partners, Propeller and Soma Capital. The July 2024 round took total funding to more than $11 million.
Founded in 2019 by Mohammad Al-Razaz and Furkan Uzar, OTO lets e-commerce brands ship, track and return orders across more than 100 carriers from a single dashboard, serving over 10,000 brands. The company said it would deepen its presence in Saudi Arabia, the UAE and Turkey.