Saudi‑based logistics platform Logexa announced the successful closing of a US $2 million Pre‑Series A investment round led by SEEDRA Ventures and Nour Nouf Ventures, joined by several angel investors. According to the announcement, the funding will support Logexa’s expansion of its shared‑warehousing marketplace and development of its digital logistics platform.
Founded in 2021, Logexa offers companies flexible warehousing solutions by tapping under‑utilised warehouse and transport assets across multiple Saudi cities including Jeddah, Riyadh, Dammam, Khamis Mushait, Qassim and Rabigh. The model allows warehouse owners to monetise spare capacity while businesses gain access to short‑term, scalable storage and logistics services.
In its earlier stage, Logexa reported a rapid growth trajectory: the startup scaled from 24 pallet positions to over 2,700; monthly revenue climbed from about US $40,000 in March to US $100,000 in May, while its customer base grew from four to approximately 75 clients.
The new funds are earmarked for broadening the company’s footprint within Saudi Arabia, enhancing its digital platform to support warehousing, transport and last‑mile services, and building smart logistics capabilities such as tracking, analytics and inventory optimisation. The timing aligns with the broader national agenda under Saudi Vision 2030, which seeks to establish the Kingdom as a regional logistics hub and supports the accelerating growth in e‑commerce, manufacturing localisation and supply‑chain digitalisation.
Logexa’s business can be situated among a broaderwave of logistics‑tech companies developing across the Middle East. For example, Pakistani logistics startup PostEx raised US $7.3 million ahead of its Saudi market entry, showing investor appetite for region‑focused logistics platforms TechCrunch. Meanwhile, Saudi logistics services firm Jahez reported a five‑year GMV CAGR of 36 % and is pivoting its in‑house logistics arm toward serving external B2B clients, highlighting the growing scale and diversification of logistics assets in the Kingdom.
With the US $2 m injection, Logexa is now poised to accelerate its rollout, deepen its tech stack and scale supply‑demand matching across asset owners and users in a market that is rapidly transforming.
Logexa secures a US $2 million pre‑series A funding