Riyadh, Saudi Arabia — Saudi-based logistics technology company Logexa has successfully raised $2 million in a pre-Series A funding 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 specializes in shared warehousing and transportation, leveraging underutilized storage and logistics capacity across multiple cities in the Kingdom. The company aims to streamline supply chains and promote efficiency across the logistics ecosystem.
The newly raised capital will be used to scale operations, enhance its digital platform, and launch a dedicated marketplace for logistics and storage services, creating a more integrated and accessible infrastructure for businesses of all sizes.
By optimizing idle logistics capacity, Logexa is positioning itself at the forefront of Saudi Arabia’s rapidly evolving logistics sector, supporting the Kingdom’s vision to become a global logistics hub under Vision 2030.
