PIESHIP is a technology company.
PIESHIP has raised $2.0M across 1 funding round.
PIESHIP has raised $2.0M in total across 1 funding round.
PIESHIP has raised $2.0M in total across 1 funding round.
PIESHIP's investors include 1517 Fund, Impact VC, Nama Ventures, Okapio Ltd.
PIESHIP is a Saudi Arabia-based logistics technology company founded in late 2023, specializing in AI-driven last-mile delivery management, warehouse solutions, and route optimization.[1][2][3] It connects shipments with a crowdsourced network of drivers via an app, serving logistics firms by analyzing shipments, routing drivers, and promising a confirmed 4-hour delivery window to enhance efficiency and customer experience.[1][2][4] With rapid growth—over 600,000 shipments delivered and 1,200+ drivers in under a year—PIESHIP raised $2.1 million (SAR 7.875 million) in seed funding in early 2025, led by Nama Ventures with SEEDRA Ventures and angels, fueling expansion to seven major Saudi cities and scaling to 5,000 drivers.[1][2][3]
The platform solves last-mile delivery bottlenecks in Saudi Arabia's booming e-commerce and logistics sector by leveraging AI for smarter routing, fleet management, and data analysis, while offering financial tools through partnerships like Lin Technologies and Nabeer Financial.[1][2]
PIESHIP emerged in late 2023 from the MVPlap program under Saudi Arabia's National Information Technology Development Program and secured third place in the 1000 Miles initiative via the National Industry and Logistics Development Program.[2] Founders Nasser Alharthi (CEO), Musaed Al-Amri, and Mohammed Mohsen bootstrapped the idea into a tech platform amid rising demand for efficient last-mile logistics in the Kingdom.[1][2][5] Early traction came from graduating accelerators like InspireU (STC) and Musk Accelerator, building a network of over 1,200 drivers and delivering 600,000+ shipments in its first year, validating the crowdsourced, AI-powered model before the pivotal $2.1M seed round in February 2025.[1][2][3]
PIESHIP rides Saudi Arabia's logistics boom, fueled by Vision 2030's push for e-commerce growth, industrial diversification, and national programs like those birthing the company.[2] Timing aligns with surging last-mile demand from retail giants and SMEs, where inefficiencies in routing and driver management create opportunities for AI disruption—PIESHIP's expansions to cities like Jeddah, Riyadh, and Dammam capitalize on this.[1][2][3] Market tailwinds include government-backed accelerators and investor interest (e.g., Nama Ventures), positioning it to influence Saudi's ecosystem by densifying driver networks, enabling faster deliveries, and integrating fintech for holistic logistics.[1][2]
PIESHIP's seed funding positions it for aggressive Saudi expansion, new service launches, and AI enhancements in tracking and fleet ops, potentially dominating last-mile in key cities by 2026.[1][2][3] Trends like AI logistics adoption, e-commerce localization under Vision 2030, and crowdsourced gig economies will propel growth, evolving its influence from startup darling to infrastructure player for regional delivery networks. As a tech reinforcer of Saudi logistics, PIESHIP exemplifies how AI meets national ambition to redefine efficient, scalable shipping.
PIESHIP has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in February 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2025 | $2.0M Seed | 1517 Fund, Impact VC, Nama Ventures, Okapio Ltd |