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Mohammad AlRazaz
Building the shipping gateway of the internet.
Mohammad AlRazaz is an energetic and enthusiastic entrepreneur with a creative vision, dedicated to developing and empowering teams to achieve milestones in alignment with current market trends. With a background in Electrical and Electronics Engineering from Alfaisal University and entrepreneurship studies from the Massachusetts Institute of Technology (MIT) Global Entrepreneurship Bootcamp, Mohammad combines technical knowledge with a passion for innovation. He thrives on generating new ideas, creating businesses, exploring new avenues, and devising innovative solutions.
Highlights
Since announcing OTO's Series A last week, many founders reached out seeking feedback on the investors who join us recently. Here is my answer:
Sanabil Investments Sanabil led our Series A round. As a VC that typically invests in later-stage ventures, Sanabil brings a wealth of experience in scaling businesses. Their strong belief in the e-commerce and logistics industries aligns perfectly with our mission (recently led co-led a $130m pre-IPO round for Salla E-Commerce Platform).
As a subsidiary of the Public Investment Fund (PIF), Sanabil offers strategic relationships locally, regionally, and internationally. Their extensive network and commitment to transformative ideas provide us with invaluable support and resources to drive long-term growth and innovation. Excited to welcome Sanabil to the board, and shoutout to the smartest team I worked with: Ahmad A., Ibrahim Alsuhaibani, CFA, Abdullah A., Mohammed Alabdulatif
Sadu Capital Sadu Capital have been with us since our Seed round and have doubled down in this Series A. Qusai AlSaif, MBA and Salem W. have shown unwavering support and belief in our vision. Their deep understanding of the Saudi market and hands-on approach have been instrumental in our early growth.
Iliad Partners Their extensive experience in the logistics sector, having invested in TruKKer and fetchr and sitting on the board for both, brings invaluable insights to our team. Learning from their past successes and faliures will be critical as we navigate our growth path. Christos Mastoras, Georges Boueiz and Dalal Al Mutlaq have invested significant effort and time in building a strong relationship with us (few VCs does that btw), and we are thrilled to have made this partnership happen.
Propeller One of the few VCs with hands-on technical partners. I’ve found their focus on technical excellence particularly valuable, with the partners spending hours with our CTO, Muhammed Furkan Uzar, challenging and suggesting improvements to our infrastructure. Their deep understanding of what it takes to build a great SaaS solution aligns perfectly with our commitment to innovation and excellence. I loved how Tambi Jalouqa and Zaid Farekh bring their portfolio together by creating an engaging community over Whatsapp for all founders they invested in (How simple and brilliant is that?)
Soma Capital Known for their global connectivity and extensive network within the VC ecosystem, Soma Capital brings a wealth of resources and opportunities to the table. Their investment track record is impressive, investing in 20 unicorns at early stage. Their international perspective and strategic insights will be instrumental as we expand our footprint and enhance our platform. Soma Capital’s support underscores our ambition to become a leading logistics technology provider not just in the MENA region but on a global scale. Fouad Farhat, Aneel Ranadive, Mir Faiyaz and Willem van den Bosch, your speed should be taught in a masterclass!
Amazing news! 🎉 We’re overjoyed to announce that OTO has successfully raised SAR 30,000,000 ($8m) in our latest funding round! Details below ⬇️
This incredible milestone brings us closer to revolutionizing the shipping landscape for online businesses everywhere. Our mission is to be the shipping gateway of the internet, empowering businesses to thrive with seamless shipping solutions.
🚀 The world of commerce has dramatically evolved. It’s no longer just about selling products; it’s about creating an exceptional experience from the moment a customer places an order to the second it arrives at their doorstep.
Navigating the complexities of shipping, handling multiple carriers, and providing top-notch customer service is a daunting task for many businesses. That’s why we’re here to level the playing field.
Imagine a world where every business, no matter the size, has access to a powerful, unified platform that simplifies and enhances their shipping operations. That’s the world we’re building at OTO.
With OTO, businesses gain access to an all-in-one shipping gateway. Our platform seamlessly integrates order management, warehouse management, last mile management , driver management, returns management, customer notifications, and shipping aggregation—providing an Amazon-like experience for all.
💰 Round Highlights: We’re thrilled to welcome new investors to our journey, including…
Sanabil Investments, Sadu Capital, Iliad Partners, Propeller, and Soma Capital.
A massive thank you to our early believers and continuing supporters: Middle East Venture Partners (MEVP), Derayah Capital, and 500 Global. Your faith in our vision fuels our drive to innovate and excel.
Starting OTO was a dream, and seeing it grow into a game-changer for the logistics industry is beyond gratifying. We’re deeply grateful for the trust our investors have placed in us and are committed to maintaining our focus on disciplined and responsible growth.
A special shoutout to the phenomenal team at OTO. Your passion, dedication, and hard work have been instrumental in reaching this milestone. I’m incredibly proud and grateful to build this future with you. We’re just getting started, and the best is yet to come! Stay tuned for more exciting updates as we continue to transform the shipping experience for businesses around the globe.
➡️ Want to dive deeper into our vision and plans? Check out our detailed investor memo and watch our announcement video on our site!
https://www.tryoto.com/A
#SeriesA #Fundraising #NextChapter #Shipping #Future
