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Cargoz taps into fresh funding to set up shop in KSA: Logistics startup Cargoz is set to expand to Saudi Arabia in the first quarter of the year as it deploys recently raised seed funding, it said in a statement picked up by Wamda last week. The round was led by Nama Ventures with participation from RAZ Holding, Innovest Properties, and several unnamed regional family offices and angels in the industry. It did not specify how much it has raised.
Think AirBnb, but for logistics: Founded in 2022, Cargoz is a warehousing and logistics startup that connects SMEs that need flexible, on-demand warehouses to warehouse owners and operators who have empty or unused space.
Work in progress for months: In May 2023, Cargoz announced it had secured a bridge round aimed at accelerating expansion to the Kingdom, saying at the time it planned to launch in Saudi Arabia by 3Q 2023.
