Cargo management platform OTO received an investment of $8 million led by Sanabil Investments

OTO, the cargo management platform serving in Turkey and the MENA region, was in the Series A round led by Sanabil Investments, which is wholly owned by the Public Investment Fund (PIF), and with the participation of Sadu Capital, Iliad Partners, Propeller and Soma Capital. 8 million dollars investment took.

OTO plans to use the new investment to expand and strengthen its presence in Türkiye, Saudi Arabia and the United Arab Emirates. The platform aims to offer faster and more efficient shipping experiences to its customers with its new features and improvements for SMEs and online retail companies.

OTO has previously received funding from venture capital funds and angel investors such as MEVP, Derayah Ventures and 500 Global. It received an investment of 3.3 million dollars.

Founded in Saudi Arabia by Mohammad AlRazaz and Furkan Uzar in late 2019, OTO offers a suite of technological solutions that enable companies to seamlessly manage their cargo and storage activities, send, track and analyze their cargo.

The platform provides direct integration with more than 250 domestic and international cargo companies and e-commerce platforms. In this way, every aspect of the cargo process is synchronized and automated, facilitating operations and increasing efficiency. Companies can link their own shipping contracts to their OTO accounts or purchase shipping labels directly using OTO’s competitive negotiated prices.

OTO is currently on its platform Supports more than 10 thousand local and international brands. It is stated that the company doubled its revenue compared to the previous year and recorded a significant growth in orders placed.