Nawel Secures $1 Million in Seed Round
Nawel specializes in setting up delivery locations that serve as hubs for processing packages, making deliveries quicker and more economical.
Saudi logistics solutions company, Nawel, has wrapped up a $1 million seed funding round.[1]
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With assistance from angel investors, Nomad Holdings, a company that specializes in funding tech entrepreneurs, led the round.
Nawel, which was founded in 2022 by Mohamed Boulcherf and Nawaf Al Shalani, is committed to improving supply chain management for businesses.
To help businesses, particularly those in the e-commerce industry, store and quickly transport their products, Nawel makes use of underutilized space in warehouses and retail establishments.
Nawel specializes in setting up delivery locations that serve as hubs for processing packages, making deliveries quicker and more economical.
It seeks to enable the rapidly expanding e-commerce industry by offering quick delivery for items that are in high demand.
