Riyadh - Sharikat Mubasher: Oto, a leading Saudi shipping and logistics company, secured SAR 30 million ($8 million) in a series A funding round led by Sanabil Investments, with participation from Sadu Capital, Iliad Partners, Propeller, and Soma Capital, according to the company’s recent statement.

The company will use the investment vehicle to fuel its expansion plans and strengthen its presence in Saudi Arabia, UAE, and Turkey.

Oto aspires to develop new features and enhancements on its platform to provide faster and more efficient shipping experiences, targeting small and medium businesses (SMBs) and enterprise online merchants.

Mohammad AlRazaz, Co-Founder and CEO of Oto, affirmed that securing the funding round reflects the company’s commitment to transforming the shipping and logistics sector, in alignment with Vision 2030.

“We are focused on delivering innovative solutions that enable merchants to streamline their operations and manage logistics with unmatched efficiency,” AlRazaz added.

Oto provides a wide range of tech solutions that empower merchants to seamlessly manage, ship, track, and analyze their shipping and storage activities. It connects merchants with more than 250 local and international shipping companies and e-commerce platforms.

Furkan Uzar, CTO and Co-founder of OTO, commented: "This funding propels us toward our vision of becoming the shipping gateway of the internet. By bridging the tech gap between sales channels and shipping providers, we can accelerate our growth and offer customers streamlined, automated shipping solutions."

Through its solutions, Oto aims to streamline shipping operations, enhance efficiency, and provide a unified gateway for all logistics needs. It currently supports over 10,000 local and global brands on its platform.