When was RedBox founded?

RedBox was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Where is RedBox located?

RedBox is headquartered in Riyadh, Saudi Arabia.

Who is the current CEO of RedBox?

Thamer Altuwaiyan of RedBox. They have also founded 1 company.

How many employees does RedBox have?

As of Apr 30, 2026, the latest employee count at RedBox is 131.

Is RedBox a funded company?

RedBox is a funded company, having raised a total of $12M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 15, 2020.

When was the latest funding round of RedBox?

RedBox's latest funding was a $***** Series A round on Oct 04, 2023, with participation from 1 investor. Its primary sector is Logistics Tech. Globally, the Logistics Tech sector has seen $2.15B in funding in 2026 to date.

Where does RedBox rank among its competitors?

RedBox ranks 1st amongst 2 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was RedBox, which secured $6.99M in Oct, 2023.

RedBox - 2026 Company Profile, Team, Funding & Competitors

RedBox is a series A company based in Riyadh (Saudi Arabia), founded in 2019 by Zun Phan and Thamer Altuwaiyan. It operates as a Provider of smart lockers access points for receiving parcels. RedBox has raised $12M in funding from investors like raf-investments.com, Vision Ventures and Mad'a Investment.

Company Details

Provider of smart lockers access points for receiving parcels. It allows users to receive their packages in the lockers, then the driver will drop off the package at the selected locker, and users can collect their package using the PIN code sent to them via SMS. The platform can be integrated into various eCommerce websites. Its app is available on the Android and iOS platforms.

Website: redboxsa.com/en/
Email ID: *****@redboxsa.com

Key Metrics

Founded Year

2019

Location

Riyadh, Saudi Arabia

Stage

Series A

Total Funding

$12M in 3 rounds

Latest Funding Round

Series A, Oct 04, 2023, $*****

Investors

raf-investments.com & 3 more

Ranked

1^st among 2 active competitors

Employee Count

131 as on Apr 30, 2026

Similar Companies

InPost & 318 more

View RedBox's full profile

RedBox has raised a total funding of $12M over 3 rounds. Its first funding round was on Nov 15, 2020. Its latest funding round was a Series A round on Oct 04, 2023 for $*****. 1 investor participated in its latest round. RedBox has 4 institutional investors.

Here is the list of recent funding rounds of RedBox:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 04, 2023	5594431	Series A	5899728	1764500	1983006	1359632
Feb 13, 2022	4916499	Seed	6359151	8725577	7473269	5577386
Nov 15, 2020	3047192	Seed	4743980	9047455	6056998	Vision Ventures

Access funding benchmarks and valuations. Sign up today!

View details of RedBox's funding rounds and investors

The founders of RedBox are Zun Phan and Thamer Altuwaiyan. Thamer Altuwaiyan is the CEO of RedBox.

Here are the details of RedBox's key team members:

Zun Phan: Co-Founder & CTO of RedBox.
Thamer Altuwaiyan: Co-Founder & CEO of RedBox.

View details of RedBox's Founder profiles and Board Members

RedBox's employee count trend

RedBox has 131 employees as of Apr 26. Here is RedBox's employee count trend over the years:

Uncover RedBox's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of RedBox include Shttle and Flexbox. Here is the list of Top 10 competitors of RedBox, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	RedBox 2019, Riyadh (Saudi Arabia), Series A	Provider of smart lockers access points for receiving parcels	$12M	Vision Ventures, Jahez & 2 others	69/100
2nd	Shttle 2019, Riyadh (Saudi Arabia), Seed	Provider of connected locks and keys for secured entry management	$999K	Impact46	24/100
3rd	Flexbox 2020, Dhahran (Saudi Arabia), Deadpooled	App-based platform providing parcel locker solutions	-	-	18/100