# RedBox

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/redbox

- Industry: Logistics & Distribution
- Headquarters: Riyadh, Saudi Arabia
- Website: www.redboxsa.com
- Total disclosed funding: $3.1M
- Latest round: Seed (Feb 13, 2022)
- Investors on record: 2

## About

Based in Riyadh, Saudi Arabia, and founded by Thamer Altuwaiyan and Zun Phan in 2019, RedBox SA operates as a Digital Logistics and LaaS (Locker-as-a-service) company that ships online products to the nearest smart locker. In May 2022, RedBox SA raised USD 5 million in an unspecified round co-led by returning investor RAAF Holding Company and new investor Mad'a Investment. RedBox SA provides a smart locker for customers to receive their online orders, eliminating the need for waiting for delivery representatives or coordinating with them. It enables to customers the nearest RedBox locker location and retrieves their package anytime using a SMS receipt code or by scanning the barcode. The smart lockers are available at various locations across the city.

## Funding rounds

- Seed, Feb 13, 2022, $3.1M — Vision Ventures, RAAF Holding Company

## Investors

- Vision Ventures — Seed
- RAAF Holding Company — Seed