Reverse logistics start-up

The UAE’s reverse logistics start-up, Cartlow raised $18 million (AED66 million) in a Series A funding round led by the Saudi investment firm, AlSulaiman Group.

Driving innovation

“The investment will help take [the company] to the next level,” the start-up’s founder and CEO, Mohammad Sleiman said, adding that the company aims to continue to drive innovative technology within the reverse logistics landscape across the region.

The company founded in 2019 will use the fund to expand its operations in Saudi Arabia and the UAE, as well as enhance its technology and boost its sustainability efforts.