Saudi ‘PIESHIP’ Secures New Investment Round, Strengthening Position in Logistics Market

PIESHIP, the leading logistics solutions company in the Kingdom of Saudi Arabia, announced the completion of a pre-seed financing round with participation from Seedra Ventures and Nama Ventures, as well as several individual investors

Although the financial value of the round was not disclosed, PIESHIP plans to use these funds to expand its business, enhance research and development activities, and develop new products and services aimed at driving growth in the logistics sector.

Founded in 2023 by three entrepreneurs—Nasser Alharthi, Mosaad Alharthi, and Muhammad Mohsen—PIESHIP focuses its operations on providing advanced solutions for warehouse management and developing applications to monitor and manage shipment delivery operations. Additionally, it offers innovative technical solutions that serve the logistics sector at large.

Nasser Al-Harithi, one of the founders and the CEO of the company, expressed his satisfaction with the company's role in providing solutions that contribute to accelerating shipment delivery operations and enhancing customer experience. He emphasized that these solutions will improve the efficiency of delivery companies by fostering positive competition among employees.

Haitham Al-Furaih, co-founder and CEO of Seedra Ventures, highlighted the rapid expansion of the e-commerce market and the critical role of logistics services and last-mile delivery in supporting this growth. He expressed his confidence in the PayShip team's ability to deliver distinguished technical solutions to the sector.