Cargoz is a logistics startup that connects SMEs looking for warehousing space with warehousing companies who has extra capacity, like Airbnb but for commercial warehousing and storage, has secured an undisclosed amount in Bridge Funding from Nama Ventures, RAZ Group (KSA) and a select few angel investors who are key Logistics industry key figures from the UAE and KSA.
“Since our pre-Seed funding, we have recorded significant growth in the last 8-9 months it appears like we are solving a huge problem that has existed for several decades now. We underestimated the pain of finding on-demand storage for SMEs and how broken and stressful that experience was. This bridge fund will help us continue our growth in the UAE and prepare our soft launch in Riyadh by early Q3, 2023”.
“From the first ten minutes of our conversation it was clear to us that these guys are onto something special. Honestly what impressed us the most is that this is their second startup together. It takes a special kind of respect and role clarity among founders to want to keep disrupting industries together as a team. We are beyond thrilled to welcome Premlal and Lijo to the Nama clan, and we can’t wait to learn from them about the exciting space they want to dominate.” said Mohammed Alzubi, founder and managing partner of Nama Ventures.