Diligence memo · auto-generated · as of July 2, 2026
Nowlun
Nowlun looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Nowlun operates in Mobility / Logistics, based in Africa. Egyptian logistics startup Nowlun has raised US$1.7 million in seed funding to fuel its expansion plans and accelerate platform development.
Sub-sector tags: mobility.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Nowlun has raised $1.7M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.7M on 2024-12-05.
Most recent recorded round closed around 2024-12-05.
Valuation (modeled)modeled
Provath models Nowlun at approximately $5.5M (range $1.4M–$13M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.42× the median modeled value of Seed Mobility / Logistics companies in 2022–2024 (24 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 19 mo ago; this sector typically re-raises about every 10 months.
Slightly overdue versus sector cadence.
Comparablesmixed
Capital scale ranks ahead of 77% of Mobility / Logistics peers (431 compared).
Modeled value ranks above 74% of those peers.
Closest niche peers: Amitruck, Freterium, Minturn Logistics LLC, TruckBook Logistics, Inc., Colony Logistics, Inc..
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.