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Armada delivery solutions raises a Pre-Series A round with Sharq Ventures

Funding wamda.com - 2 years ago - Wed, Feb 14, 2018, 6:16 AM

Armada delivery solutions raises a Pre-Series A round with Sharq Ventures
Author: MAGNiTT

SOURCE: Wamda - Armada delivery solutions closes a pre-series round with Sharq Ventures


Armada Delivery Solutions, a tech logistics company, closed a pre-series round with Sharq Ventures.

The company solves the last mile delivery problem by providing an online logistics platform that connects merchants in various industries to an aggregated courier base of freelance and professional couriers on-demand.

Following the closing of their seed round that was led by Arzan VC in January 2017, Armada has been growing by 65 percent month-on-month in the number of deliveries completed per day ever since.

“We kicked off 2018 by closing our pre-series A investment round with Sharq Ventures and a second follow on by Arzan VC, and this will allow us to maintain our exponential growth in Kuwait and bolster our operations and technology team to build a smoother delivery experience for our merchants. The target for Armada is to continuously build integrations that allow for a delivery experience with no human intervention, saving valuable minutes that lead to a faster delivery to the end consumer,” said founder and CEO Ahmad AlObaid.

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