OTO raises $3 million in its funding round

Funding

Riyadh-based Shipping management software and delivery platform OTO has successfully raised $3 million in its latest funding round. The Seed round was led by Middle East Venture Partners (MEVP) and Derayah Capital.

Founded in 2019, by CEO Mohammad Al-Razaz and CTO Furkan Uzar, OTO has built world-class technology to help e-commerce brands ship, manage, track, and return their online orders with 100+ shipping carriers via a consolidated dashboard.

The Riyadh-based team plans to utilise its newly acquired funds to further evolve its Tech stack & platform offering, grow its workforce to reach 50 team members in 12 months, and expand its market footfall across the GCC & Egypt.

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