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Aug 15, 2024 499

Cargo management platform OTO receives $8 million Series A investment

#Regional

"OTO, the leading cargo management platform in Turkey and the MENA region received an $8 million Series A investment led by Sanabil Investments, with the participation of Sadu Capital, Iliad Partners, Propeller, and Soma Capital."

Saudi Arabia-based logistics platform OTO has raised $8 million in a Series A funding round, led by Sanabil Investments, with participation from Sadu Capital, Iliad Partners, Propeller, and Soma Capital. Founded in 2019 by Mohammad AlRazaz and Furkan Uzar, OTO is a logistics technology company specializing in simplifying order shipping, management, tracking, returns, and analysis through a single integrated platform.

OTO plans to utilize the funds to expand and strengthen its presence in Saudi Arabia, UAE, and Turkey. It will introduce new features and enhancements on its platform targeting SMBs and Enterprise online merchants, enabling it to further deliver faster, and more efficient shipping experiences to its customers.

OTO offers a robust suite of technological solutions that empower merchants to seamlessly manage, ship, track, and analyze their shipping and storage activities. By directly linking merchants with over 250 local and international shipping companies and e-commerce platforms, OTO synchronizes and automates every aspect of the shipping process. This integration streamlines operations, enhances efficiency, and provides a unified platform for all logistics needs. Merchants can connect their own shipping contracts to their OTO account or buy shipping labels directly using OTO's competitively pre-negotiated rates.