Pre-series A funding is intended to help businesses bridge the gap between seed and series A funding by assisting them in improving their product and reaching important milestones prior to a bigger series A round.
In line with the startup’s news release, “The proceeds will help PostEx maintain its market leadership in Pakistan and support an aggressive expansion into the Gulf Cooperation Council (GCC), where PostEx’s services will be available to new markets and customers.”
Leading the investment was the technology-focused global venture capital firm Conjunction Capital, with participation from Dash Ventures, Sanabil500, VSQ, FJ Labs, and Zayn VC.
The statement claims that the business uses a hybrid financial and logistics platform to offer immediate access to funding.
