Riyadh, February 12, 2025 – PIESHIP, a company specializing in smart logistics and last-mile delivery solutions, has announced the successful closure of its seed funding round, raising SAR 7.875 million. The round was led by Nama Ventures, with participation from prominent investment funds including SEEDRA Ventures and angel investors.
This investment will support PIESHIP‘s expansion plans in the Saudi market. The company aims to extend its operations to 7 major cities, including Jeddah, Mecca, Medina, Dammam, Khobar, Qassim, and Khamis Mushait. Additionally, PIESHIP plans to increase the number of registered drivers in its network to 5,000, which will enhance delivery efficiency and provide more flexible solutions to the logistics sector.
Nasser Al-Harithi, co-founder and CEO of PIESHIP, commented: “Closing our seed funding round, led by Nama Ventures, reflects investors’ confidence in our vision and strategy. We will continue to invest in developing our logistics technologies using artificial intelligence to manage the driver network, enabling us to provide faster and more efficient services, and enhance the customer experience for last-mile delivery companies.”
For his part, Mohammed Alzubi, founder and managing partner at Nama Ventures, stated: “At Nama Ventures, we believe in the importance of supporting startups with a clear vision and the ability to make a real impact. PIESHIP has proven its ability to provide innovative solutions to the last-mile sector, and we are proud to lead this investment round and contribute to driving the company towards further success and growth.”
In the coming period, PIESHIP will focus on enhancing the user experience by improving tracking and communication systems, and launching new services that support the logistics sector. The company will also continue to develop advanced artificial intelligence solutions for fleet management and data analysis, with the goal of improving delivery efficiency and reducing delivery times.
About PIESHIP
Founded in late 2023 by Nasser Al-Harithi, Musaed Al-Amri, and Mohammed Mohsen, PIESHIP is a technology platform specializing in managing last-mile operations. It provides an intelligent system for analyzing shipments, directing drivers, and optimizing delivery routes using artificial intelligence. In less than a year, PIESHIP has attracted more than 1,200 drivers to its network and delivered over 600,000 shipments, reflecting the company’s rapid growth and operational efficiency.
It is worth mentioning that PIESHIP is a product of the MVPlap program through the National Information Technology Development Program and won third place in the 1000 Miles initiative through the National Industry and Logistics Development Program. It has recently graduated from several accelerators, including InspireU from STC and Musk Accelerator, which reflects its position as one of the most prominent emerging technology companies in the region.
On the sidelines of LEAP 2025, PIESHIP signed several memorandums of understanding with last-mile delivery companies and distribution warehouses, including Aymakan, Flow, Cloud Shelf, Nael, Adwar, Nashmi, and Al Yamama Express, with the aim of enhancing integration in the logistics sector and improving delivery efficiency. PIESHIP also signed a memorandum of understanding with Taroud, which specializes in linking e-stores with last-mile delivery companies, contributing to the provision of integrated shipping solutions for the e-commerce sector. Within the framework of providing advanced financial solutions to its customers, PIESHIP has entered into several strategic agreements with Lin Technologies and Nabeer Financial, with the aim of providing smooth and innovative financial services that contribute to improving payment processes and managing cash flows for platform customers.
