CargoX
About
Autonomous delivery services focused on scaling autonomous logistics, vehicle technologies and operational integration with e‑commerce and retail partners.
Recent News
UAE Series A rounds halved in 1H as startups struggle to find investors willing to lead - UAE
UAE startups raised USD 895M in 1H 2026 but Series A activity halved as fewer investors were willing to lead rounds, with AI firms taking ~60% of Series A capital and regional funds stepping in to fill gaps.
Exclusive: Conflict isn’t slowing deals for Gulf’s fastest-growing investment firm
Abu Dhabi-based BlueFive Capital, led by Hazem Ben-Gacem, manages roughly $15B, closed a $3B Onyx Fund for AI/biotech/advanced computing and has made notable stakes in Bugatti, Sidra Capital and CargoX while expanding across China and Southeast Asia.
Regional conflict drags MENA startup funding down 22%
MENA startup funding fell 22% in H1 2026 to $1.35 billion with deal count down 41%; funding was highly concentrated in a few large rounds (notably CargoX, Mal and CNTXT AI) and early-stage activity slowed markedly.
BlueFive backs Kling AI's $3B round, Amazon Now enters Egypt
Abu Dhabi-based BlueFive co-led a roughly $3B financing for Kling AI as it prepares for a Hong Kong listing; in MENA activity, Noon Academy (Riyadh) acquired Almakhfi and Keyper (UAE) raised $11M Series A while Amazon launched 20-minute delivery in Egypt.