OTO Closes a SAR 30M Series A Funding Round Led by Sanabil Investments

In a milestone that marks a major leap for the regional logistics and shipping sector, OTO — the leading shipping gateway and logistics solutions platform across the Arab world and Turkey — announced the successful closure of its SAR 30 million (USD 8 million) Series A funding round, led by Sanabil Investments, a wholly owned company of the Public Investment Fund (PIF), with participation from Sadu Capital, Eliad Partners, Propeller, and Soma Capital.

Previously, OTO had raised SAR 12.3 million (USD 3.3 million) from prominent venture capital firms and angel investors, including Middle East Venture Partners (MEVP), Derayah Ventures, and 500 Global.

The company plans to use this funding to strengthen its presence in Saudi Arabia, the UAE, and Turkey, while introducing new features and platform enhancements aimed at supporting SMEs and online businesses — empowering them to deliver faster, more efficient shipping experiences to their customers.

OTO offers a comprehensive suite of innovative tech solutions that simplify shipping and storage management, including real-time shipment tracking and data analytics through a unified, integrated platform. The system connects merchants to over 250 local and international carriers and more than 20 regional and global e-commerce platforms, enabling order synchronization and full shipping automation. This integration streamlines operations, improves efficiency, and provides a single logistics platform tailored to merchants’ needs.

Additionally, merchants using OTO can ship using their own carrier contracts or purchase shipping labels directly from providers at pre-negotiated competitive rates, helping them save time and money.

Commenting on the announcement, Mohamed Razaz, Co-Founder and CEO of OTO, stated:

“Securing this investment is a strong validation of our team’s dedication and relentless efforts to advance the shipping and logistics sector in the region — fully aligned with Saudi Vision 2030. We remain committed to delivering innovative solutions that empower merchants and business owners by simplifying shipping management and optimizing every operational process with unmatched efficiency.”

A representative from Sanabil Investments added: “The shipping sector has grown rapidly in recent years, driving a strong demand for smart logistics solutions. OTO has successfully developed an integrated platform that meets the logistics needs of businesses of all types and sizes. We are excited to partner with them to support their growth plans across the region.”

OTO has experienced substantial growth, now serving over 10,000 local and international brands through its platform. Over the past year, the company doubled its revenues and achieved a significant increase in the number of processed orders.

Furqan Azhar, Co-Founder and Chief Technology Officer at OTO, added: “This funding gives us the momentum to realize our vision of becoming the leading digital shipping gateway. By bridging the technological gap between sales channels and logistics providers, we can accelerate our growth and deliver simplified, automated shipping solutions for retailers and e-commerce businesses.”

The GCC e-commerce market continues to show strong growth potential, projected to reach USD 50 billion by 2025, with a compound annual growth rate (CAGR) of 17.8%, led by Saudi Arabia and the UAE. The Turkish e-commerce market is also expected to expand significantly, growing by 11.58% annually between 2024 and 2029 to reach USD 49.5 billion by 2029. Collectively, the region’s e-commerce market is forecasted to exceed USD 150 billion by 2030, highlighting a promising landscape and an increasing demand for specialized, technology-driven shipping and logistics solutions.

About OTO

Founded in late 2019 by Mohamed Razaz and Furqan Azhar in Saudi Arabia, OTO is a logistics technology company specialized in simplifying order shipping, management, tracking, returns, and analytics — all through a single, unified platform that brings together over six integrated systems in one place.

OTO officially launched its services in March 2020 in Saudi Arabia and has since expanded to Turkey and the United Arab Emirates, offering comprehensive shipping solutions supported by partnerships with over 250 carriers. These integrations help modern retailers and e-commerce businesses enhance the customer experience and streamline their shipping operations with greater efficiency.

To learn more about OTO, please visit: https://www.tryoto.com

About Sanabil Investments

Sanabil Investments is a financial investment company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia. It commits over USD 3 billion annually to global private investments, including venture and growth capital opportunities.

Sanabil is a dynamic and highly experienced team of investment professionals, providing partners with patient capital and access to multi-round financing and regional expansion opportunities. The company focuses on investing in great ideas, exceptional minds, and outstanding companies that are shaping the future.

To learn more about Sanabil Investments, please visit: https://www.sanabil.com/ar/home