Saudi Logistics Startup Logexa Raises $2m Pre-Series A Led by SEEDRA Ventures
The startup is building a digital marketplace for shared warehousing and transport across Saudi Arabia.
Saudi logistics-technology startup Logexa has closed a $2 million pre-Series A round led by SEEDRA Ventures, with participation from Nour Nouf Ventures and several angel investors.
Founded in 2021 by Hussam Sindi and Hussam Spano, Logexa focuses on shared warehousing and transport, monetising underused storage and logistics capacity across the Kingdom.
The company said the funds would be used to scale operations, improve its digital platform and launch a marketplace for logistics and storage services.
Logexa aims to expand its presence across multiple Saudi cities as it builds out a digital ecosystem for shared warehousing and transportation.