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# Saudi Arabia-based logistics startup RedBox raises $5 million
- URL: https://www.techloy.com/saudi-based-logistics-startup-redbox-raises-5-million/
- Published: 2022-05-25T11:52:44.000Z
- Updated: 2022-12-08T00:48:57.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Mobility, Logistics, Saudi Arabia

[RedBox,](https://redboxsa.com/en/home/) a Saudi Arabia-based logistics startup has raised $5 million in its pre-Series A funding round led by RAAF Holding Company and Mad'a Investments.

- The funds will help the firm to improve its logistics solutions, advance customer experience and enter into new markets, it claims.
- RedBox is a tech-led logistics company that allows customers to pick up delivered parcels from its nearest smart lockers present in over 18 cities in the Kingdom of Saudi Arabia (KSA).
- The firm plans to increase its smart stations to 800 by year-end.