Dubai-based e-commerce logistics startup, AHOY, on Monday, announced that it has closed its ongoing seed funding round at $2.225 million, raised from various GCC-based corporate venture capitalists and family offices. The company last closed an angel round in late 2018.
AHOY aims to utilise the fresh capital to expand its footprint deeper across Saudi Arabia and various GCC regions.
Founded in 2018 by Jamil Shinawi, Gerard M Sansoni, and Adel Samer, AHOY is an unconventional e-commerce logistics company that owns its own routing, address and mobility tech; IoT tech and provides companies with a turnkey solution through additional added value services such as payments, first and last mile, communication and engagement tools, retention tools, cloud telephony, SMS, Chatbots, cold chain and dry logistics and much more.
The company claims to serve hundreds of companies and many thousands of e-commerce retail customers get the best UX, products and value at the same day of purchase at a very small cost. AHOY helps companies scale without the cost and achieve a 100 percent national TAM without any investment in new locations, warehousing nor people; utilizing AHOY’s tools for fulfilment planning and predictive APIs, web-hooks, SDKs and UI tools such as AHOY’s address tool for checkout.
Speaking of the development for AHOY, Jamil Shinawi, co-founder & Managing Director, in a statement said,
“here in AHOY’s team, we consider our selves to be the leanest and most agile operation of its kind, globally! More great things to come, we are raising the bar for the golden standard in logistics while lowering it for entry to e-commerce merchants of every size. We disrupt by being innovative and out of the box and we have our clients, our success partners, to thank as we enjoyed receiving love, trust and appreciation from them”